DALLAS - (Business Wire) i2 Technologies, Inc. (NASDAQ:ITWO) announced today that PTT Chemicals, one of the largest producers of petrochemicals in Asia, and the largest in Thailand, has completed the implementation of i2 supply chain planning solutions. PTT Chemicals was seeking a world-class software solution to maximize the efficiency of demand-supply planning and inventory deployment across the PTT Polymer Group supply chain. The company chose i2 for its expertise in the supply chain management space, as well as its ability to understand and address PTT Chemical’s business challenges.
The project with i2 was the first supply chain project involving multiple PTT entities, including: PTT Chemicals, PTT PM (Marketing), PTT PL (Logistics), BPE (Manufacturing) and PTT ICT (IT). In addition to complex business requirements, PTT had set aggressive timelines to complete the project and realize benefits. In less than 15 months i2 was able to help PTT Chemicals overcome these challenges and achieve the project goals identified for a successful solution implementation.
“We are impressed with i2’s commitment to making the solution go-live as well as its extended support until the solution stabilized,” said Narong Mongkolpoonsuk, vice president, PTT ICT. “The i2 solution has been able to address our business needs and we are happy with the optimization results and reports feature. We are confident that through our partnership with i2 we will continue to track software usability beyond the go-live and extend the solution scope to manage upcoming capacity and meet our business requirements.”
As a result of the implementation, PTT Chemicals was able to create a well-defined end-to-end process workflow spanning demand planning, master planning, production scheduling and order promising. Inventory has reduced by 30 percent, the right stock has been made available and the quality of production schedules has improved. A company-wide KPI tracking system has helped improve transparency and visibility across the organization. In addition, PTT Chemicals has the ability to evaluate multiple alternate scenarios before selecting the appropriate operational strategy.
“We are very impressed with PTT Chemicals’ commitment to supply chain management and look forward to working with them on future engagements,” said Prabhu Natarajan, vice president, i2. “PTT Chemicals is a very important customer for us and we expect that very soon they will be among the supply chain leaders in the petrochemical industry.”
About PTT Chemicals
PTT Chemical Public Company Limited (PTTCH) was founded upon a strong foundation of two of the major players in Thailand’s petrochemical and chemical industry sectors – the National Petrochemical Public Company Limited (NPC) and Thai Olefins Public Company Limited (TOC). In line with the policy of the major shareholder, PTT, the merger puts PTT Chemical as the leader of PTT’s olefins business to take full advantage of opportunities for future growth with competitiveness enhancement, leading to an improvement of Thai petrochemical industry to reach international standard.
About i2
Throughout its more than 20-year history of innovation and value delivery, i2 has dedicated itself to building successful customer partnerships. As a full-service supply chain company, i2 is uniquely positioned to help its clients achieve world-class business results through a combination of consulting, technology, and managed services. i2 solutions are pervasive in a wide cross-section of industries. Learn more at www.i2.com.
i2 Cautionary Language
This press release contains forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding i2’s management team and its ability to deliver results to i2’s customers worldwide. For a discussion of factors which could impact i2’s financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2’s recent filings with the SEC, particularly the Quarterly Report on Form 10-Q for the quarter ended June 30, 2009 and the Annual Report on Form 10-K for the year ended December 31, 2008. i2 expressly disclaims any current intention to update the forward-looking information contained in this news release.
i2 Corporate Communications
Rosalynn Vasquez, 469-357-3208
Rosalynn_vasquez@i2.com
