SPS COMMERCE ANNOUNCES CONTINUED EXPANSION IN GROCERY INDUSTRY
--Increasing Number of Grocery Retailers & Distributors Validate Hosted Service Model by Establishing Relationship with SPS to Improve SME Supplier Integration--
St. Paul, MN, September 3, 2003 - SPS Commerce, the number one provider of hosted supply chain integration services for the retail industry, today announced continued growth in the grocery sector with the addition of 10 grocery retailers to its network during the third quarter of 2003. Demand from 500 new grocery suppliers SPS Commerce added to its network in the second quarter of 2003 has driven network expansion beyond the traditional set of Retailers and Industrial Distributors. These grocery retailers include: Kroger, Meijer, Costco, Roundy`s, C&S Wholesale Grocers, HEB Grocery, Winn Dixie, Associated Food Stores, Affiliated Foods, and Bruno`s.
Grocery retailers and distributors have historically encountered difficulty in establishing electronic relationships with their suppliers due to the cost and technology barriers of traditional EDI solutions. SPS Commerce`s online service, SPSCommerce.net, is designed to work effectively within the unique staffing, technology and budget constraints of small and mid-sized businesses. For as little as $39 per month, smaller companies can use SPSCommerce.net to outsource their entire electronic transaction operation, be it EDI or XML, for data translation with one or more of their large retail and/or grocery customers, saving time and money for both parties with improved order accuracy and efficient electronic invoice management.
The retail grocery sector has combined annual sales of over $425 billion and encompasses over 127,000 grocery stores. Low margins are commonplace for the sector, creating a demand for technology to streamline operating efficiencies. The latest round of new customers signals the ever-increasing adoption of SPS Commerce`s supply chain technology in the sector, and continues the Company`s expansion into new vertical markets.
"The tremendous market expansion witnessed over the last two quarters clearly indicates that the grocery sector is becoming fully aware of the benefits of SPS Commerce`s supply chain integration offerings," said Archie Black, CEO of SPS Commerce. "We look forward to continued growth in the sector, as our hosted model becomes the standard for SME transactions for both grocery retailers and vendors alike."
About SPS Commerce
SPS Commerce is the leading provider of hosted supply chain integration services. The company specializes in managing trading partner enablement and management programs to increase the depth and/or breadth of integration with trading partners - especially small and mid-sized partners. Our solution has helped many large retailers and distributors, electronically enable and integrate over 52,000 trading partners into their e-supply chain. For more information, visit www.spscommerce.com or call (651) 603-4400.
SPS Commerce is a registered trademark of SPS Commerce Inc., spscommerce.net and the SPS Commerce logo are the property of SPS Commerce, Inc. All other names and trademarks are the property of their respective holders.
Contacts:
Eric Chaffee
SPS Commerce
(651) 603-4400
echaffee@spscommerce.com
Derek Lyons
SHIFT Communications
(617) 681-1238
dlyons@shiftcomm.com
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