QRS Makes Trading Community Enablement Simpler and Faster
CONTACT:
KT Rabin
QRS Corporation
510-965-4441
krabin@qrs.com
Katherine Post
QRS Corporation
510-965-4521
kpost@qrs.com
QRS launches Web-based solution to drive supply chain efficiency
RICHMOND, Calif. – October 3, 2002 – QRS Corporation (Nasdaq: QRSI), a leading provider of collaborative commerce solutions for the extended supply chain, announced today that it has enhanced its Trading Community Management services with the launch of QRS Compliance Link™, a Web-based solution designed to automate and expedite the process of building a trading community within the retail supply chain.
QRS Compliance Link is designed to help companies achieve a quicker return on their technology investments by making it faster and easier for companies to begin transacting business electronically with their entire trading community using the QRS Exchange™ suite of solutions. QRS Compliance Link gives retailers the ability to monitor in real time the status of vendors in their trading community and offers vendors simple, intuitive tools to automate many of their processes.
"With QRS Compliance Link, retailers have greater visibility into their supply chain processes while vendors are empowered to serve themselves," said Joyce Kim, senior vice president of marketing for QRS. "It’s a solution that benefits all members of the trading community – facilitating communication, establishing uniform standards and driving efficiencies across the extended supply chain."
QRS Compliance Link features include:
Community Administration and Tracking: helps manage many trading partners from a single location – including each partner’s profile, status, active programs, registered users and associated activities – through a Web browser interface.
Program Management: enables the user to manage and launch programs, specify steps, notify trading partners, provide guidelines for reference and monitor the progress of each partner throughout the lifecycle of the program.
On-line Transaction Testing: provides user-defined specifications, including business rules made available to review and download by partners.
Standards and Specification Development: uses the standards repository, ensuring each trading partner has access to the latest community standards and specifications.
Through QRS Compliance Link, vendors will understand what their retail trading partners’ requirements are for transacting business electronically and can choose the appropriate QRS communications solution.
The QRS Exchange suite of solutions supports the leading data formats and communication protocols necessary to achieve a rapid return on electronic commerce initiatives. Whether hosted, IP-based or fully managed, QRS Exchange helps vendors electronically collaborate and transact with retailers to optimize business operations.
QRS Exchange can be used in conjunction with QRS Catalogue™, the retail industry’s largest product database, which centralizes and synchronizes the communication of detailed product attribute information for over 88 million current and unique items from more than 3,500 vendors, manufacturers, distributors and their retail customers.* Data product synchronization features allow users to publish product information one time and control distribution access by retailer, item and attribute, saving time, preserving data accuracy and establishing unique trading relationships.
About QRS
QRS (Nasdaq: QRSI) has been building, automating and managing retail trading relationships through innovative software applications and services since 1988. Today, QRS is an established leader in providing collaborative commerce solutions for the extended supply chain. QRS offers scalable trading community connectivity; reliable product content management; real-time, synchronized transaction delivery; and Web-enabled sourcing and procurement. QRS solutions are used by more than 8,000 retail industry customers* representing the world`s top retailers, vendors and manufacturers, including Federated Department Stores Inc., Selfridges plc, Sears, Roebuck and Co., LVMH LLC, Group Clarins USA and Jones Apparel Group Inc. With QRS adaptive commerce solutions, retail industry customers can transform their extended supply chain in response to marketplace dynamics, drive process efficiency and achieve superior profit. Learn more about QRS Corporation at www.qrs.com.
*Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between April 2001 and May 2002.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements regarding future events and the future financial performance of QRS Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by QRS Corporation with the SEC, specifically the most recent reports on Form 10-K, 8-K, and 10-Q, each as it may be amended from time to time, which identify important factors that could cause actual results to differ from those contained in the forward-looking statements, including risks associated with general economic conditions; specific conditions in the retail industry; competition; changes in our senior management; rapid technological change in our industry; dependence upon key customers and their trading partners; ability to introduce and market acceptance of new products and services; the ability to successfully integrate and manage acquired businesses and technologies; and dependence upon IBM for e-commerce services, among others. QRS assumes no obligation to update the forward-looking information contained in this news release.
© 2002 QRS Corporation. All Rights Reserved. QRS, the QRS logo, QRS Catalogue, QRS Exchange, QRS Merchandising, QRS Retail Intelligence Services, QRS Showroom and QRS Sourcing are trademarks or registered trademarks of QRS Corporation in the United States and other countries. Trademarks of third parties are owned by their respective owners.
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