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November 6th, 2002
 
Sharp Electronics Extends Agreement with Celarix
 

Celarix, Inc., the leading provider of logistics connectivity and visibility solutions today announced that Sharp Electronics has extended its contract with Celarix.

Sharp Electronics is the US sales and marketing subsidiary of Sharp Corporation, headquartered in Osaka, Japan.

Celarix has been instrumental in helping Sharp improve visibility through better-inbound shipment tracking capabilities - allowing Sharp to significantly increase fill rates year over year. To augment the visibility solution, Sharp turned to Celarix' Data Management Service (DMS) to ensure the highest data quality levels from transportation carriers. DMS aids Sharp in the identification and resolution of data quality issues on a carrier-by-carrier basis - from manufacturing point to final delivery. As a result, Sharp is today experiencing data quality levels of over 90 percent.

"Celarix' Data Management Service is unique in the industry and clean data is absolutely necessary for supply chain visibility projects to be successful," said Robert Stickman, Vice President, National Distribution & Logistics Planning for Sharp. "Beyond achieving the expected benefits of visibility, the Celarix solution gives Sharp Electronics' sales and operations the flexibility to enable and scale our direct-shipment program - which further differentiates ourselves in the marketplace."

"Sharp is another example of how Celarix helps Global 2000 companies improve top-line growth on an average of one percent and decrease cost-of-goods-sold by about the same through a better understanding of the status of inventory in-transit," said Evan Schumacher, CEO of Celarix.

About Celarix

Based in Cambridge, Mass., Celarix (www.Celarix.com) is the leading provider of logistics connectivity and visibility solutions for Global 2000 companies looking for performance improvement beyond the "four walls" of their enterprise. Celarix solutions enable customers, including Agilent Technologies, Sharp Electronics, Lowe's and Abercrombie & Fitch, to quickly realize performance improvements through improved customer service, lower transportation costs and faster cash-to-cash cycles.

© Copyright 2002 Spirit Enterprise LLP.