Yantra To Provide Fulfillment Solutions For Circuit City`s Technology Transformation
Yantra`s Retail Software Solutions Will Manage Circuit City`s Express Pickup Fulfillment, Inventory Control, Returns, and Delivery and Service Scheduling Functions; Provide Integration Between Store Order Management and Store Inventory Management with Circuit City`s POS and Enterprise Systems
TEWKSBURY, MASS. - September 7, 2004 - Yantra Corporation (www.yantra.com), the leading provider of retail fulfillment solutions for every customer interaction, announced today that Circuit City Stores, Inc. has selected Yantra`s Synchronized Fulfillment applications as part of its retail technology transformation initiative.
"One important element of our transformation initiative is moving away from the highly customized point of sale (POS) systems we currently operate to an open-standards system that still allows us to offer existing services such as Express Pickup," said Michael Jones, senior vice president, chief information officer at Circuit City. "Yantra`s robust application set and its ability to manage order and inventory processes across our open-standards system will help ensure that we can make the POS transition, while building upon current services and creating opportunities to introduce new multi-channel fulfillment strategies."
Circuit City is currently developing its new POS system; included among Yantra`s Store Order Management and Store Inventory Management features under consideration are:
„X Multi-channel distributed order management, which offers the ability to automate and manage complex fulfillment processes, such as Circuit City`s Express Pickup order fulfillment and alternate store location sales;
„X Delivery and service scheduling, which is capable of orchestrating product and service delivery and installation;
„X Global inventory visibility and synchronization, which provides real-time availability and sourcing of inventory across Circuit City`s more than 600 stores and its network of internal and extended supply chain facilities;
„X Reverse logistics, which is capable of managing customer returns and the repair or return-to-vendor lifecycle;
„X In store receiving, management and location-level tracking of store inventory and real-time integration to the central repository for visibility across all inventory locations.
"We are pleased to provide the fulfillment component of Circuit City`s transformation initiative," said Devdutt Yellurkar, president and CEO of Yantra Corporation. "Our Synchronized Fulfillment applications and Business Process Platform will ensure that Circuit City will meet its business goals while satisfying increasingly sophisticated customer needs."
About Circuit City Stores, Inc.
Richmond, Va.-based Circuit City Stores, Inc. is a leading specialty retailer of consumer electronics. Circuit City operates 604 Superstores and five mall-based stores in 158 U.S. markets. Its subsidiary, InterTAN, Inc., operates through more than 1,000 retail stores and dealer outlets in Canada. Circuit City also operates a Web site at www.circuitcity.com.
About Yantra Corporation
Yantra Corporation is a leading provider of solutions for Fulfillment Excellence. Yantra`s Synchronized Fulfillment Solutions deliver real-time, intelligent execution between the customer, operations, partners and the supply chain. Privately held and headquartered outside of Boston, Massachusetts, Yantra focuses on retail, wholesale distribution, logistics and manufacturing vertical industries, and works with world- class companies such as Argos, Best Buy, DHL, FedEx, Motorola, School Specialty, Inc., Screwfix Direct, SYSCO Corporation, Target, Texas Instruments and Thomson. For more information call 888-2-YANTRA or 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.
Back...
