ESCALATE LAUNCHES SUPPLY CHAIN ORDER MANAGEMENT SOLUTION FOR RETAIL PURCHASING AND REPLENISHMENT
Escalate® Supplier 6.0 Brings Powerful Supply Chain Order Management and
Vendor Collaboration Capabilities to Retailers
Redwood Shores, Calif. - June 24, 2002 - Escalate, Inc., a leading provider
of Web-based supply chain and order management applications for retailers,
today announced the availability of Escalate Supplier 6.0 and the new Order
to Receipt module for purchasing and replenishment. The new version allows
buyers to manage and collaborate with all their vendors to achieve better
order execution and inventory planning. Retailers can now manage and track
orders from the time the order is created in the planning system through
the entire fulfillment cycle, including monitoring inbound shipments to
distribution centers and stores. The resulting visibility into the
performance of the supply chain can then be used for analysis to drive
continuous improvement of the supply chain over time.
These new products expand the capabilities of the Supplier product line,
taking business-to-business connectivity to the next level. The new module
adds up to 15% to the retailer`s bottom line by linking the entire vendor
network, simplifying seasonal ordering, lowering inventory and shipping
costs and improving order visibility. Finally, retailers have a
network-wide, real-time window into inventory commitments, shipments and
orders across the entire supply chain.
"Current supply chain order management solutions for retailers leave a
significant information gap between the time the purchase order is issued
until the products arrive at the distribution center or store," said Keng
Lim, president and chief executive officer at Escalate, Inc. "Escalate
Supplier with the Order to Receipt module fills that gap, giving retailers
more control over their supply chain and the ability to prevent service
failures, improve vendor performance, consolidate shipping contracts and
lower supply chain costs."
The Order to Receipt module provides buyers with more visibility to inbound
shipments, enabling retailers to more accurately estimate when a shipment
will arrive. This makes it possible for retailers to reduce inventory
levels and the cost of repositioning inventory while improving service
levels, by having more demand information when inventory deployment
decisions need to be made. In addition, retailers can manage broad product
assortments without operational concerns.
Supplier 6.0 also provides significant additional event and exception
management features. The solution automates costly manual processes for
order communication and order tracking with vendors, forecast sharing and
inventory commitments, purchase order and invoice matching, and shipment
tracking through ASNs. Using Escalate Supplier, partners can share
information over the web about orders, shipments, and inventory
commitments. The result is a lower-cost, better performing retail supply
chain.
Escalate Supplier 6.0 and the Order to Receipt module are compliant with
VICS standards. The system`s XML standard interface makes it easy to
exchange files between companies and allows for quick implementation,
typically in less than twelve weeks. Because of the system`s flexibility
and ease-of-integration, it supports the unique business processes between
retailers and each of their vendors. In addition, the system is so easy
to use, training new vendors takes less than one hour and requires no
software on the vendors` systems, enabling retailers to add or remove
seasonal vendors or vendors for one-time buys in minutes.
The Escalate Supplier product line provides retailers with a complete,
web-based solution for vendor collaboration, order execution, shipment
tracking, inventory visibility and reporting. It also provides robust
event management and exception management to allow retailers to be more
proactive in preventing service failures. Also, the ability of Supplier to
bring together all the information about orders, shipments and inventory in
one place provides retailers with the ability to better manage vendor
relationships and improve vendor performance.
Availability and Pricing
Escalate Supplier 6.0 and the Order to Receipt module will be generally
available in September. For more information see www.escalate.com or call
(650) 769-3000. Pricing available upon request.
About Escalate
Escalate® is a leading provider of retail supply chain order management
software. Based on its unique web-based cross-enterprise order management
application foundation, Escalate`s retail application suite ? Escalate
Supplier, Escalate Order, and Escalate Direct ? help retailers improve
order management efficiency, reduce supply chain costs and service
failures, improve vendor compliance and performance, and expand assortments
and vendor options without operational concerns. Over 200 companies use
Escalate technology; customers include Williams Sonoma®, Neiman Marcus®
Direct, World Wrestling Entertainment®, Fred Meyer® Jewelers, and LVMH®.
Escalate is headquartered in Redwood Shores, Calif., with offices in New
York and Chicago.
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Escalate® , Escalate® Direct, Escalate® Supplier, Escalate® Order and
Escalate® XOM are trademarks of Escalate, Inc. Other names may be
trademarks of their respective owners
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