FOR IMMEDIATE RELEASE
Loyola University Chicago Receives $1.3 Million Gift
Adexa Inc. Contributes Software Package to School of Business
CHICAGO, August 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 Faruk 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. Mr. Caltagirone attended today’s news conference and his ongoing support for Loyola was publicly acknowledged by Fr. Garanzini.
About Loyola University Chicago
Committed to preparing people to lead extraordinary lives, Loyola University Chicago was founded in 1870 and is among the largest of the 28 Jesuit colleges and universities in the United States. Loyola has a total enrollment of more than 15,000 students, which includes 10,000 undergraduates hailing from all 50 states and 82 foreign countries. The University has four campuses: three in the greater Chicago area and one in Rome, Italy. Loyola also serves as the U.S. host university to the Beijing Center for Chinese Studies in Beijing, China. Loyola’s nine schools and colleges include arts and sciences, business administration, education, graduate studies, law, medicine, nursing, professional studies, and social work. Loyola offers 69 undergraduate majors, 77 master’s degrees, 36 doctoral degrees, and three professional degree programs. Recognizing Loyola’s excellence in education, U.S. News and World Report has ranked Loyola consistently among the “top national universities” in its annual publications. For more information, please visit our web site at www.luc.edu.