Shanghai, Atlanta, September 19, 2011 — CDC Software Corporation (NASDAQ: CDCS), a global provider of enterprise software applications and services, today announced the general availability of CDC TradeBeam i-Supply 7.6, the latest version of its cloud collaborative inventory management solution that improves supply chain visibility to help minimize risk, reduce the need for emergency shipments and improve order accuracy and lead time.
CDC TradeBeam i-Supply 7.6 is delivered on a software-as-a-service (SaaS) platform that enables manufactures to give their suppliers real-time visibility into forecasts and inventory status, such as what is on-hand, has been used, ordered, shipped and received, as well as real-time exception notifications. i-Supply helps to empower the supplier to cut costs, streamline processes and meet customer service goals.
The new version extends support to supplier plants that produce and assemble products with lower inventory turns and longer lead times. Those characteristics typically are of suppliers that are located geographically far from the manufacturer, often found in the medical device manufacturing industry, for example. Other new features include enhancements in the following key functional areas: order management, low turn goods, forecast history and integration support including Average Daily Use and Forecasted Daily Use and outbound EDI Advance Shipping Notice messaging.
“i-Supply provides manufacturers and their suppliers with improved supply chain visibility, which helps to increase the efficiency of their supply chains, mitigate risks and reduce costs,” said William Green, president of CDC Software’s cloud product line business. “The latest version of i-Supply further advances collaboration between manufacturers and their suppliers so they can balance costs better, provide service on a daily basis and ultimately improve their bottom lines.”
TradeBeam’s i-Supply solution features easy-to-use dashboards that provide real-time views of inventory, shipping, receiving and related supply chain data; multiple inventory replenishment models supporting both push and pull models, or any combination including Kanban, min-max, discrete order or other consumption or schedule-driven processes and support for lean order scheduling. The user interface supports 11 languages that include Chinese (simplified and Traditional), English, French, German, Korean, Japanese, Spanish, Portuguese, Italian and Romanian.
CDC TradeBeam also includes global trade management solutions that include import and export compliance, shipment tracking, supply chain event management and global trade finance.
About CDC Software
CDC Software (NASDAQ: CDCS), The Customer-Driven Company™, is a global enterprise software provider of on-premise and cloud deployments. Leveraging a service-oriented architecture (SOA), CDC Software offers multiple delivery options for their solutions including on-premise, hosted, cloud-based Software as a Service (SaaS) or blended-hybrid deployment offerings. CDC Software’s solutions include enterprise resource planning (ERP), manufacturing operations management, enterprise manufacturing intelligence, supply chain management (demand management, order management and warehouse and transportation management), global trade management, e-Commerce, human capital management, customer relationship management (CRM), complaint management and aged care solutions. CDC Software’s acquisitions are part of its “integrate, innovate and grow” strategy. Fueling the success of this strategy is the company’s global scalable business and technology infrastructure featuring multiple complementary applications and services, domain expertise in vertical markets, cost effective product engineering centers in India and China, a highly collaborative and fast product development process utilizing Agile methodologies, and a worldwide network of direct sales and channel operations. This strategy has helped CDC Software deliver innovative and industry-specific solutions to approximately 10,000 customers worldwide within the manufacturing, distribution, transportation, retail, government, real estate, financial services, health care, and not-for-profit industries. For more information, please visit www.cdcsoftware.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements relating to i-Supply, including launch thereof, our expectations regarding the additional functionalities and features included in iI-Supply, our plans with respect to the delivery of i-Supply, our expectations regarding the potential benefits of i-Supply to customers, including, but not limited to, increased efficiencies, improved visibility in their operations, mitigation of risks, reduction in the need for emergency shipments, improvement in order accuracy and lead times, reduction of costs, streamlining of processes and advanced collaboration between manufacturers and their suppliers to balance costs better, provide service on a daily basis and improve the bottom line, our beliefs and expectations regarding the benefits of i-Supply and other statements that are not historical fact, the achievement of which involve risks, uncertainties and assumptions. These statements are based on management'0s current plans and expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements including, among others: the conditions of the process manufacturing industry; the continued ability of i-Supply solutions to address the industry; demand for and market acceptance of new and existing i-Supply solutions; development of new functionalities which would allow users to compete more effectively; and changes in the type of regulations required to compete in the market. Further information on risks or other factors that could cause results to differ is detailed in our filings or submissions with the United States Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 20-F for the year ended December 31, 2009, filed with the SEC on June 1, 2010, and those of our ultimate parent company, CDC Corporation, located at www.sec.gov. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements, which speak only as of the date of this press release. Results may vary from customer to customer, based upon particular facts and circumstances. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise. Historical results are not indicative of future results.
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