WWRE® Announces Schering-Plough HealthCare Products to join Exchange
FOR IMMEDIATE RELEASE
For More Information Contact:
Laura Battle
312.233.1374
laura.battle@edelman.com
Supplier Membership Picks Up Momentum
ALEXANDRIA, Va. (April 15, 2002) - The WorldWide Retail Exchange (WWRE®),
the premier business-to-business exchange for retailers and suppliers, today
announced that Schering-Plough HealthCare Products, Inc (SPHCP), the
consumer products arm of Schering-Plough Corporation, has joined as the
Exchange`s 61st member. SPHCP manufactures products under well-known brand
names including Coppertone®, Dr. Scholl`s®, Afrin® and Bain de Soleil®.
"Joining the WWRE was a smart choice for us - the Exchange provides us with
a neutral platform through which we can interact, transact and share best
practices with many of our largest customers and industry peers," said Jim
Pleiman, Vice President of Logistics for SPHCP. "We anticipate that WWRE
membership will help us lower costs and provide improved service to our
customers."
Through the WWRE® Collaborative Planner, which enables VICS-CPFR®*, SPHCP
will have the opportunity to engage in activities with several of its
largest trading partners. Using this solution, the organization can
participate in activities that can significantly reduce excess inventory and
improve forecasting. SPHCP will look to adopt WWRE`s Worldwide Item
Management solution to improve data quality across its customer base.
"The addition of SPHCP as a member is a significant step forward in our
continued efforts to build a neutral and fully collaborative marketplace for
the entire retail industry," said Colin Dyer, chief executive officer of the
WWRE®. "We look forward to their full participation in activities with
other WWRE® members and are pleased to welcome them to a community of
organizations that are achieving real savings through use of the Exchange`s
solutions."
*A registered trademark of the Volunteer Interindustry Commerce Standards
Association.
About the WWRE®
The WWRE® is the premier Internet-based business-to-business exchange in the
retail e-marketplace. The Exchange was created with the fundamental purpose
of reducing costs and improving efficiencies throughout the supply chain,
employing product and service solutions typical of a global procurement and
supply operation. Designed to facilitate and simplify trading between
retailers, suppliers, partners and distributors, the WWRE® currently
consists of 61 members from Africa, Asia, Europe, North America and South
America with combined sales of approximately U.S. $855 billion. To date, the
WWRE® has saved its members over $400 million through the use of online
negotiations, its first product offering. For more information, visit the
website at www.wwre.org or www.worldwideretailexchange.org
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