Company`s SVHarbor(R) Portal Significantly Improves Supply Chain Efficiencies
MINNEAPOLIS, April 8 -- SUPERVALU (NYSE: SVU) announced today that it has introduced its SVHarbor(R) Internet-based business portal to its more than 1,500 manufacturer and broker partners. Developed to improve SUPERVALU`s industry processes and minimize the costs of doing business, SVHarbor gives users fast, easy access to critical information across the supply chain.
"In today`s competitive business environment, we`re all looking for ways to increase efficiencies and collaboration to improve the way we work," said Mike Jackson, SUPERVALU executive vice president, and president and chief operating officer of Distribution Food Companies. "SVHarbor enables SUPERVALU to provide a new world of integration, visibility and services for its business partners across the supply chain. Building on SUPERVALU`s commitment to excellence and tradition, SVHarbor takes a proven way of doing business and makes it even better."
Introducing manufacturers and brokers to the SVHarbor portal is the second phase in SUPERVALU`s rollout of the business portal program. The first phase was completed in the spring of 2003, when SUPERVALU retail customers and company-owned retail stores converted their business activity to the Web-based business portal. One year later, 2,100 company-owned retail and affiliated stores are on-line. Over the past 12 months, SVHarbor user transactions increased by 300%, and the company tracked more than 8.3 million user transactions per month during that time.
For SUPERVALU`s manufacturer and broker partners, SVHarbor offers a new set of applications that enable the company`s business partners to enhance their sales and marketing focus through real-time merchandising activities, access to distribution center and retailer order wells, and more accurate forecasting tools. In addition, SVHarbor drives supply chain efficiencies by ensuring reliable data synchronization, increasing customer satisfaction and lowering operating costs for all users. By providing real-time data that supports retail and distribution functions through scheduling, measurement, and other work processes, SVHarbor strengthens SUPERVALU`s existing collaborative relationships across the supply chain.
"The SVHarbor manufacturer and broker program is a cutting-edge business portal that brings SUPERVALU and its business partners into a new era of information exchange," said Robert Borlik, SUPERVALU senior vice president and CIO. "Our retail partners have already completed their transition to SVHarbor and find it a critical tool to speed and ease their ability to conduct business with SUPERVALU. Now, SVHarbor will enable manufacturers and brokers to further streamline their business processes and communications with SUPERVALU."
SUPERVALU INC.
SUPERVALU is one of the largest companies in the United States grocery channel. With annual revenues approaching $20 billion, SUPERVALU has a strong network of 1,468 retail grocery locations, including licensed Save-A-Lot locations. In addition, through SUPERVALU`s diverse logistics network, the company provides distribution and related logistics support services across the nations` grocery channel. Learn more about SUPERVALU at www.supervalu.com .
The statements contained in this news release that are not historical fact, are forward-looking statements, and are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by such forward-looking statements, including the impact of competition, the nature and extent of the consolidation of the retail food and food distribution industries, the ability to attract and retain customers for the company`s food distribution operations and to control food distribution costs, the ability of the company to grow through acquisition and assimilate the acquired entities, the execution of restructuring activities, potential work disruptions from labor disputes or national emergencies, the availability of favorable credit and trade terms, food price changes, general economic or political conditions that affect consumer buying habits generally or war-time activities, threats or general acts of terror directed at the food industry that affects consumer behavior, other risk factors inherent in the food distribution and retail businesses and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
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