• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Wells' Dairy Selects Prescient to Power Its Vendor Managed Inventory Program

Posted on: Monday, 16 July 2007, 09:13 CDT

Prescient Applied Intelligence, Inc. (OTCBB: PPID), a leading provider of supply chain and advanced commerce solutions for retailers and suppliers, today announced that Wells' Dairy, Inc. has selected Prescient to power its vendor managed inventory (VMI) initiative. VMI is a program in which the supplier is responsible for proactively managing the replenishment of its retail partners' inventory levels.

Wells' Dairy, based in Le Mars, Iowa, is the largest family-owned and managed dairy processor in the United States. The company manufactures Blue Bunny® ice cream, frozen dairy desserts and novelties.

Wells' Dairy is not new to Prescient solutions. In 2002, the company implemented Prescient's enterprise supply chain planning suite to measure demand, generate suggested orders, and drive the volume and sequence of its manufacturing lines.

However, the company needed to expand its Prescient capabilities to conduct VMI with large customers that incorporate warehousing and distribution services.

"When one of our significant business partners approached us about participating in VMI, we saw it as an opportunity to forge a stronger relationship with them," said Mike Kooistra, director of information services at Wells' Dairy. "Prescient's VMI solution will allow us to take more control of ordering and replenishment, avoid lost sales, and provide higher service levels to our customers."

"More and more, we are seeing suppliers like Wells' Dairy extend their relationships with their business partners to drive replenishment of their own inventory in retail DCs and stores to prevent out of stocks," said Jane Hoffer, president and CEO of Prescient. "Wells' Dairy is staying ahead of the curve by expanding its Prescient footprint to include VMI."

About Prescient Applied Intelligence:

Prescient, founded in 1985 (OTCBB: PPID), is a leading provider of supply chain and advanced commerce solutions for retailers and suppliers. Prescient's solutions capture information at the point of sale, provide greater visibility into real-time demand and turn data into actionable information across the entire supply chain. As a result, the company's products and services enable trading partners to compete effectively, increase profitability and excel in today's retail business climate. Household brand names like Ahold, Coors, Domino's Pizza, Meijer, Rite Aid, Sara Lee, Schwan's, SUPERVALU, and Wyeth rely on Prescient. For more information, go to www.prescient.com.

Forward-Looking Statement:

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate,""believe,""estimate,""expect,""forecast,""if", "intend,""may,""plan,""project,""predict,""should" and "will" and similar expressions as they relate to Prescient Applied Intelligence, Inc. are intended to identify such forward-looking statements. Prescient may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see "Risk Factors" in Prescient's report on Form 10-KSB filed with the Securities and Exchange Commission and its other filings under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

Source: Business Wire

More News in this Category