Internet liquidation leader anticipates 15 percent labor savings from industry’s most adaptable supply chain execution solution
MINNEAPOLIS -- December 17, 2001 -- HighJump Software, the premier provider of adaptable, Internet-powered Supply Chain Execution (SCE) and collaborative fulfillment solutions, today announced that Overstock.com, the internet leader for name-brands at clearance prices, has successfully implemented HighJump Software’s Warehouse Advantage® Suite. HighJump Software’s comprehensive suite of SCE solutions went online in October 2001 at Overstock.com’s 200,000-square-foot distribution center, which handles the picking, packing, and distribution of Overstock.com’s 4,000+ SKUs.
Overstock.com utilizes Warehouse Advantage® Suite to ensure speed and accuracy in the company’s picking, packing, receiving, and delivery operations. The solution also provides real-time visibility of inventory and order status, and complete automation of the fulfillment process. As importantly, Warehouse Advantage® Suite’s unique industry-leading adaptability tools empower Overstock.com to cost-effectively tailor the solution to its unique and ever-changing business requirements.
“During the selection process, we evaluated a variety of supply chain solution software providers and we chose HighJump Software because they offered the most feature-rich, cost-effective solution” says Jim Hyde, vice president of operations for Overstock.com. “We’re encouraged by the initial success and speed of this implementation and the underlying adaptability of the solutions’ architecture that helps us meet our own very specific needs.”
According to Hyde, Overstock.com anticipates that the implementation of Warehouse Advantage® Suite will reduce labor costs by 15 percent. “Warehouse Advantage® Suite provides us with real-time visibility into our inventory. The solution enables us to track picked goods through the order fulfillment process. This capability will result in a dramatic improvement in inventory control, thus enhancing operating efficiency and reducing labor costs.”
Hyde adds, “This was the smoothest software installation I’ve ever seen. Our normal order volume at this point in our growth ramp (and in an off-peak month) is approximately 1,700 orders per day. The day we took Warehouse Advantage® Suite live, we fulfilled 800 orders; the next day we did 900; and on the third day we were at full volume.”
“With the implementation of Warehouse Advantage® Suite, Overstock.com now has a proven solution that dramatically enhances their ability to not only manage large volume transactions but to cost-effectively adapt to their very specific business requirements in today’s dynamic business environment,” says Chris Heim, president and CEO of HighJump Software. “The success and speed of the Warehouse Advantage® Suite implementation is a testament to our commitment in providing all HighJump customers with results that provide superior ROI and ultimately competitive advantage.”
Overstock.com and more than 700 satisfied customers worldwide-across such industries as high tech, retail, logistics, chemical, energy, and consumer products-have purchased SCE solutions from HighJump Software.
About HighJump Software
HighJump Software is the leader in leveraging the power of the Internet to deliver the most flexible and adaptable supply chain solutions that help businesses gain competitive advantage. Ideal for manufacturers, distributors, e-businesses, and third-party logistics companies, HighJump Software offers innovative, flexible, and affordable warehouse management and data collection solutions. With headquarters in Eden Prairie, Minn., HighJump Software counts among its customers more than 700 premier companies that have benefited from its full-system approach-an approach that includes software, hardware, training, installation, consultation, and toll-free telephone support. HighJump Software can be reached at info@highjumpsoftware.com, http://www.highjumpsoftware.com/, or 800.328.3271
About Overstock.com
Overstock.com is a privately held company located in Salt Lake City, Utah. Overstock.com acquires excess inventory through massive closeout purchases and bankruptcies, and liquidates it through the Internet, passing tremendous savings along to its customers. Capitalized and managed by a team with a successful track record in value investing and managing offline and online companies, Overstock.com can be found online at http://www.overstock.com/.
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