Loyola University Chicago receives $1.31 million donation
CHICAGO, IL, Aug. 25, 2004--Adexa, Inc., a leading provider of integrated supply chain planning and performance management solutions, today announced the donation of its Enterprise Global Planning System (eGPS) solutions to Loyola University Chicago's School of Business Administration and the Graduate School of Business. The value of the donation is $1.31 Million in software, training and support services.
"These are critical times for American companies, particularly those in the manufacturing sector which face increasingly intense competition from foreign interests with significantly lower labor costs," said Cyrus Hadavi, Adexa's president and chief executive officer. "The only way to maintain profitability, without cutting wages and jobs, is to continuously increase efficiency and productivity, which is the core value of Adexa solutions. We chose to donate eGPS solutions to Loyola because of its commitment to advanced research in supply chain management and industrial productivity growth in North America, and the fact that its undergraduate and graduate schools of business have the scale to make a sizeable, positive impact in a very short period of time. For many companies, and even whole industries, time may be short."
Loyola faculty perform nationally-recognized research in operations management, workforce management and various aspects of supply chain management and logistics. Their work has been supported by multiple three-year grants from the National Science Foundation, and their interactions have supported innovation in many companies, large and small. For example, John Nicholas is an author of well-respected books on JIT and lean operations, project management, and a forthcoming book documenting the transformation of an operation to JIT/lean production. Mark Van Oyen has framed new approaches to labor management and production that yield agile, robust production. He has introduced novel methods for understanding and quantifying operational flexibility that provide decision support for supply chain management planning. James Zydiak is recognized for innovative courses on global supply chain management and logistics, operations, and service systems, while Frank Guder provides exceptional teaching in statistics and operations.
Adexa eGPS solutions enable companies to make the right operational and supply chain decisions for maximizing profitability and earnings per share (EPS). Companies might use eGPS to increase production of certain product lines or phase-in/phase-out other lines to focus the enterprise on profitable activities. In addition to cost savings and lower inventories, eGPS enables enterprises to increase their on-time delivery performance and produce and sell more of what's in high demand in the marketplace. eGPS dynamically measures the financial impact of operational and supply chain decisions to ensure that all plans are calibrated to achieve corporate objectives such as higher EPS. Users, both inside and outside of the enterprise, are guided by the software to make the appropriate decisions to attain corporate goals, and to project more realistic financial forecasts. Adexa eGPS is the only solution aimed at dynamically linking financial decisions with operational and supply chain activities.
"Adexa solutions are perfectly inline with our mandate, which is to equip our graduates with the theoretical knowledge and practical skills to contribute to the success of the enterprises in which they will be employed, and to meet society's legitimate expectations to serve the common good," said Fr. Michael J. Garanzini, president, Loyola University Chicago. "Adexa Supply Chain Management applications benefit both the companies that deploy them and consumers, by lowering operational costs and ensuring the availability of finished goods to meet consumer demand. We are extremely grateful to Adexa for their donation of industry-leading eGPS software."
Adexa researched Loyola University Chicago's supply chain management program on the recommendation of Loyola Alumnus John Caltagirone, a vice president of The Revere Group, an Adexa services partner based in Deerfield, IL. Mr. Caltagirone attended today's news conference and his ongoing support for Loyola was publicly acknowledged by Fr. Garanzini.
About Loyola University Chicago
Ranked as a top national university and a "best value" for higher education by U.S. News & World Report, Loyola University Chicago is one of the largest of the 28 Jesuit universities and colleges in the United States. The Graduate School of Business is ranked in the U.S. News and World Report's top 25 part-time MBA programs, and the School of Business Administration is the premier undergraduate business school in Chicago, offering students a superior business curriculum and a well-rounded core of arts and sciences, as well as valuable opportunities for top internships and study abroad programs. The Loyola School of Business Administration and its Graduate School of Business are committed to preparing extraordinary leaders of information-driven enterprises whose core values include business ethics and social responsibility. For more information please visit http://www.luc.edu.
Founded in 1994, Adexa delivers solutions that synchronize corporate planning with supply chain and operations planning and execution, to ensure assets are utilized to achieve financial objectives. Adexa helps companies reduce the cost of goods sold, shorten lead-times for orders, and reduce inventory costs to protect shareholder value and increase customer service. Adexa's global customer base includes AMD, Boeing, Firmenich, Fujitsu, General Motors, Mannington Mills, Maytag, NEC, Philips, Pulse, Samsung, Sharp Microelectronics, Siemens, TSMC, and Unilever. For more information please visit www.adexa.com.
About The Revere Group
The Revere Group helps organizations improve performance through the application of technology combined with the right changes in people and process. The Revere Group has a broad customer base across many industries, including consumer and business services, financial services and insurance, government, education, healthcare, and manufacturing and distribution. The Revere Group has grown to more than 300 employees with a broad range of technical and functional expertise, serving clients in five core practice areas: Leadership Advisory Services; Enterprise Applications; Business Intelligence and Data Warehousing; Custom Applications and Integration; and Outsourcing. The Revere Group has offices in Chicago, Milwaukee, Boston, Philadelphia, Charlotte, and Orlando, as well as an offshore high-tech development center in Bangalore, India. For more information, visit http://www.reveregroup.com, or call 1-888-4REVERE (1-888-473-8373).
Adexa, Inc. Randy Burgess, 613-825-9944 Email: email@example.com or Loyola University Chicago Nick Mariano, 312-915-6164 or 312-915-6158 Email: firstname.lastname@example.org or The Revere Group Ian Turvill, 847-790-2075 Email: Media@RevereGroup.com
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