Long-standing partnership grows to enable thousands of direct ship suppliers to transact electronically
Newark, CA - January 12, 2004 - ADX - Advanced Data Exchange , a leading provider of supply chain integration solutions, today announced an expansion of its long-standing relationship with Ace Hardware Corp. Ace, the largest retailer-owned hardware cooperative in the world with more than $13 billion in retail sales and 4,900 stores, has relied on ADX for more than five years to automate data exchange and facilitate supply chain efficiencies with many of its suppliers and partners. With this new agreement, ADX will help Ace Hardware connect to several thousand more direct ship suppliers.
Typically, direct ship suppliers are difficult to bring into electronic supply chain initiatives, since such initiatives have traditionally relied on costly EDI software and Value Added Networks to connect the trading partners. Instead, ADX offers an outsourced service that lets companies exchange data and supply chain documents without an investment in software or hardware.
"ADX is an important strategic partner for our supply chain and has provided a high level of value for Ace and its suppliers for many years," said Ralph Wohlberg, Operational Accounting Manager of Ace Hardware. "We’re always striving to cut costs and streamline business processes with our supply chain partners, and we’re expanding our relationship with ADX to continue those efforts. We expect hard dollar savings and long-term supply chain improvements as we implement this project."
The agreement calls for ADX to link Ace to all of its direct ship vendors to send invoices and credit memos electronically. By electronically connecting direct ship vendors, who typically process transactions manually due to unique technical complexities and time-sensitive needs, Ace is able to better power its EagleVision system, which manages POS and inventory information throughout its network. "Ace understood early on that true supply chain integration derives from electronically enabling the entire base of trading partners, not just their largest suppliers," said David Michaud, vice president of marketing for ADX. "This expanded agreement builds on many years of solid service by ADX for Ace Hardware and its suppliers. We’re pleased that one of America’s best known and best run organizations has affirmed its business relationship with ADX."
About Ace Hardware
Founded in 1924, Ace Hardware Corp. is headquartered in Oak Brook, Ill., and has annual retail sales from its 4,900 hardware, home center and lumber and building materials retailers topping $13 billion. Ace currently operates 15 distribution centers in the United States and has stores located in all 50 states and 72 countries. More information on Ace can be found at www.acehardware.com, where consumers can also buy products online.
About Advanced Data Exchange
ADX provides supply chain integration services that enable businesses to automate data exchange and streamline business processes with all customers and suppliers. ADX has an established track record for helping businesses achieve rapid value from supply chain initiatives and currently works with more than 300 Fortune 1,000 companies and thousands of their trading partners every day. ADX supports a range of supply chain processes and business scenarios, from enabling entire supplier communities to providing complete outsourced supply chain integration services. For more information, visit www.adx.com.
Advanced Data Exchange