NEW EXCHANGE AND INTEGRATION RELEASE INCREASES THE POWER OF THE FOOD INDUSTRY`S LEADING SUPPLY CHAIN PLATFORM
Newly released Version 10.0 of Agribuys` solutions suite enables food
industry partners to
proactively manage supply chain events with a single solution
utilizing partner-specific workflow tools
TORRANCE, CALIF, (February 27, 2002) - Agribuys, the leading supply chain
integrator for the food industry, today released Version 10.0 (V10) of its
comprehensive supply chain event management (SCEM) solution -- the
Agribuys Marketplace. Agribuys` V10 release completes development of all
the major modules comprising its robust SCEM solution for perishables.
This increased functionality will streamline a wide variety of processes,
enabling a rapid return on investment for food industry retailers as well
as suppliers. V10 creates an SCEM system that can be tailored to meet the
specific needs of retailers, suppliers and carriers, while enabling
industry standards compliant end-to-end integration between trading
partners.
This comprehensive, process-based solution allows companies to implement
an e-procurement strategy that fits within the structure of their supply
chain. One appealing feature of the new release is that it allows
customers to adopt the system in discrete modules, which address specific
business processes such as demand aggregation or order management.
The latest release enhances a wide variety of processes including:
· Store or Warehouse Demand Order Placement
· Request for Quote and Pricing Negotiation
· Quote Negotiation History
· Purchase Order Placement and Negotiation
· Shipment Notification and Post Shipment Negotiations
· Receiving and Quality Control Receiving
· Invoice Negotiation, Reconciliation and Claims
Tracking
· Freight Contract and Freight Rate Management
· Load Building and Tendering
· Carrier Shipment Tracking
· Freight Bill Management
· Company Specific Administration Tools
· Purchase Order, Pricing, and Invoice History
· Flexible Report Generation and Management Tools
"Agribuys, with its customer-centric approach, has enhanced its Corporate
Administration Module to accommodate company-specific product descriptions
and sequencing for the catalog. In addition, its new Landed Cost Tool
demonstrates the advantages gained by making visible all purchase order
related costs from freight invoice to additional `third party` costs
associated with the procurement process," said Marina Kotsianas, Agribuys`
CEO and chairman.
About Agribuys
Agribuys is the premier supply chain integrator for the global food
industry. Agribuys offers Internet-based solutions for demand planning and
management, procurement, logistics, receiving and payment. These solutions
improve the way organizations carry out transactions, use real-time
information to make decisions, and build relationships with their supply
chain partners. The Agribuys Online Marketplace provides a global hub that
is optimized for trading perishable foods. Based in California, with
offices in Australia, Asia, Canada, and Europe, Agribuys is rapidly
expanding to further broaden its global procurement platform. The company
is backed by Internet Capital Group (NASDAQ: ICGE). Its strategic partners
include the WorldWide Retail Exchange (WWRE), the premier Internet-based
business-to-business (B2B) exchange for retailers and their suppliers. The
WWRE currently has 59 members including AEON Co., Ltd (TSE: 8267), Ahold
(NYSE: AHO), Albertson`s (NYSE: ABS), Auchan, Casino (Parisbourse: 12558),
Coop Italia, Coop Schweiz, Dansk Supermarked, Delhaize Group (BSE: DEL),
Dairy Farm International, El Corte Ingles, Giant Eagle, H.E. Butt Grocery
Company, Hy-Vee Inc., Marks & Spencer (LSE: MKS), Meijer, Inc., Publix
Super Markets, REWE, Safeway Inc. (NYSE: SWY), Safeway plc (LSE: SFW.L),
Seibu Department Stores Ltd., SUPERVALU INC. (NYSE: SVU), Target
Corporation (NYSE: TGT), Tesco (LSE: TSC.OL), Wakefern Food Co., Wegmans
Food Markets, Inc., Winn-Dixie Stores, Inc. (NYSE: WIN), Woolworths (ASX:
WOW) with combined sales of U.S. $845 billion. For more information,
visit the company`s website at www.agribuys.com or call 877.499.3052.
Lisa Osborne
Account Supervisor
Young Company
100 Wilshire Blvd.
Suite 950
Santa Monica, CA 90401
Tel: (310) 899-3370
Fax: (310) 451-0903
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