YANTRA TARGETS OUTSOURCED LOGISTICS PROVIDERS WITH NEW MULTI-ENTERPRISE DISTRIBUTION SOLUTION
FOR IMMEDIATE RELEASE
Contact:
Constance Mazelsky
Constance Mazelsky Communications
978.682.5586
cmazelsky@aol.com
Tim Walsh
Yantra Corporation
978-513-6000
twalsh@yantra.com
Offering is Industry’s Most Comprehensive Platform for Third Party Logistics (3PLs) Providers to Manage Multiple Logistics Services
TEWKSBURY, Mass.—Aug. 7, 2001—Yantra Corporation (www.yantra.com), the leading provider of multi-enterprise commerce management solutions, today announced a new initiative to enhance the ability of outsourced logistics providers to manage and monitor their Global 2000 customers’ extended supply chains.
Yantra’s technology, already in use at several 3PLs including APL Direct Logistics (formerly GATX) and UK based Reality, collects mission-critical transaction data across the extended enterprise to effectively manage supply and demand networks. This enables logistics providers to offer their clients an integrated view of their supply chain activity in real-time.
Recent advances in business processes and technology have created new market requirements and opportunities for outsourced logistics providers. To succeed, logistics providers must have the ability to offer new, information based services, without expanding their asset base. Yantra’s new Distribution Solution gives 3PLs a single system to manage an expanded “menu” of logistics services for their clients.
Yantra’s software enables logistics providers to more rapidly bring on new clients, easily test new business models and expand their suite of logistics services. Advanced capabilities such as multi-enterprise order, inventory, delivery and warehouse management; inter-enterprise collaboration; real-time supply chain event management; and fully integrated analytics provide outsourced logistics providers with the unparalleled ability to manage their clients’ extended supply chains.
“The 3PL market is estimated to reach $67B in 2001. In order to effectively compete for market share, 3PLs must learn how to effectively manage their clients’ evolving value chain needs,” said Dave Porter, Manager of Distribution
Solutions at Yantra. “By combining Yantra’s extensive multi-enterprise order, inventory, delivery and workflow management capabilities with a 3PL’s proven ability to manage assets, successful logistics providers can now offer their clients superior levels of service at reduced costs.”
“We knew that our business could not succeed if we had to continually build ‘one off’ systems in order to provide personalized services for each client,” said Sally Miller, Director of Information Technology and Information Systems, APL Direct Logistics. “We needed a highly flexible system that would enable us to easily collaborate with our clients’ supply chain partners.” She added: “We looked at a wide variety of software packages offered by traditional supply chain execution vendors. With Yantra, we found an application developed specifically to meet the needs of outsourced logistics providers.”
About Yantra
Yantra is the leading provider of multi-enterprise commerce management software solutions. The Company’s solutions manage orders, inventory and supply across multiple business units, regions, divisions, enterprises, suppliers and marketplaces to improve the operational efficiency and speed of multi-enterprise trading networks.
Yantra’s deep domain expertise in supply chain management enables the company to provide comprehensive solutions to large enterprises and exchanges. Customers include leading businesses such as APL Direct Logistics, Eastman Chemical Company, Honeywell, Motorola, Reality and VerticalNet. Founded in 1995, Yantra Corporation is privately held and based outside Boston, Massachusetts. For more information, 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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