BEST BUY SELECTS YANTRA DEMAND FOR HIGH VOLUME, MULTI-CHANNEL ORDER MANAGEMENT
Contact:
Constance Mazelsky
Constance Mazelsky Communications
978.682.5586
cmazelsky@aol.com
Tim Walsh
Yantra Corporation
978-513-6000
mailto:twalsh@yantra.com
Retailer To Deploy Yantra`s Distributed Commerce Management solution
TEWKSBURY, Mass.- May 1, 2002 - Yantra Corporation (www.yantra.com), the
leading provider of enterprise software for distributed commerce management
today announced a new license agreement with Best Buy Co., Inc. (NYSE: BBY),
the number one specialty retailer of consumer electronics, personal
computers, entertainment software and appliances in North America.
The Minneapolis-based company operates retail stores and commercial Web
sites under the names: Best Buy (BestBuy.com), Magnolia Hi-Fi
(MagnoliaHiFi.com), Media Play (MediaPlay.com), On Cue (OnCue.com), Sam
Goody (SamGoody.com), Suncoast (Suncoast.com), and FutureShop
(futureshop.com). It also reaches consumers through more than 1,900 retail
stores nationwide, in Canada, Puerto Rico and in the U.S. Virgin Islands.
Best Buy will use Yantra`s distributed order management application as the
core component for BestBuy.com. Yantra`s solution will streamline Best Buy`s
"Bricks and Clicks" fulfillment model and provide cross-channel customer
management capabilities to BestBuy.com shoppers including in-store inventory
availability and pick-up.
The application provides Best Buy with a global repository for all customer
order information, across all channels - starting with original sales all
the way through delivery, installation, customer care, returns and/or
repair. While Best Buy`s customers will be the primary beneficiaries, all
participants in Best Buy`s extended supply chain will benefit including
customer care, stores, distribution centers, suppliers, third-party
logistics providers and service providers.
"This is a very strategic initiative for Best Buy," said Doug Reynolds,
information services leader for Best Buy). "Yantra`s solution gives us the
proven ability to accelerate the way we handle our current demand channels
while improving our service levels. Equally important, it gives us
incredible flexibility as we look to grow our business and integrate new
channels and acquisitions."
"This is a great win for Yantra," said Devdutt Yellurkar, President and CEO
of Yantra. "Best Buy is a very savvy user of enterprise applications. It has
a strong vision about where it wants to drive its business and the
capabilities it needs to get there. Our distributed commerce management
platform simply gets them there faster and more efficiently."
About Yantra
Founded in 1995, Yantra is the leading provider of distributed commerce
management solutions. The Company`s applications extend existing enterprise
systems to coordinate and monitor distributed orders and inventory across
multiple channels, business units, customers, suppliers and trading
partners. Global 2000 companies use Yantra`s solutions to leverage new
revenue opportunities, drive new operational efficiencies and increase
service levels.
Yantra has deep domain expertise in supply chain management and works with
some of the world`s leading businesses including Allogis (DHL), APL Direct,
Argos, Eastman Chemical, Hallmark, Honeywell, Motorola, Rockport,
ScanSource, School Specialty Inc. and Target Corporation. The Company is
privately held and based outside Boston, Massachusetts. For more
information, please visit www.yantra.com.
Yantra and the Yantra logo are trademarks or registered trademarks of Yantra
Corporation in the United States and/or other countries. All other names are
trademarks or registered trademarks of their respective companies.
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