AMETEK Aerospace and Power Instruments Selects Entomo for Online SRM.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--April 23, 2002 Global Manufacturer Chooses Entomo SmartHub/SRM(TM) For Rich Feature Set, Consolidated Purchasing Capabilities, and Rapid Implementation Entomo, Inc., the only provider of a completely integrated Online Supplier Relationship Management (SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. ) solution for strategic sourcing, announced today that AMETEK Aerospace and Power Instruments (AMETEK A&PI), a unit of AMETEK, Inc. (NYSE NYSE See: New York Stock Exchange :AME See AIT. ), has selected Entomo SmartHub/SRM in an effort to cut direct materials procurement costs. The Entomo system will enable AMETEK A&PI to optimize their supply chain while improving the management of their supplier relationships. "We expect the Entomo system to have an immediate impact on our procurement processes," said David Zapico, Vice President and General Manager of AMETEK A&PI. "Entomo SmartHub/SRM provides us with a valuable tool to consolidate materials planning and purchasing across six locations, creating a single point-of-view from our disparate systems." AMETEK A&PI Selected Entomo SmartHub/SRM because it offered a rich feature set, consolidated purchasing capabilities, and rapid implementation. "We believe that the best way to achieve lower costs and inventory levels is to improve our collaboration with our suppliers," commented David McGinley, Vice President of Finance at AMETEK A&PI. "Using Entomo SmartHub/SRM, we expect to see significant improvements in the way we source and procure direct materials." Like many large manufacturers, much of AMETEK A&PI's production expenses come from the total cost of purchased items. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Stephens, Inc., an investment banking firm, purchased items represent 60% or more of the total versus just 20% a few decades ago. "We are excited about helping AMETEK A&PI turn their direct materials procurement into a competitive advantage. We believe it's a great example of how our system can deliver rapid results that have a real business impact," comments Alan M. Davis Alan Mark Davis is Professor in the College of Business at the University of Colorado at Colorado Springs. Davis earned his Ph.D. in Computer Science from the University of Illinois at Urbana-Champaign in 1975. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Entomo. "We are pleased to add a company of AMETEK A&PI's stature to our growing list of prominent customers." Since launching Entomo SmartHub/SRM in early 2001, Entomo has continued to enhance the system with features that will allow its customers to receive immediate and substantial business impact. Through its Web-based transaction, collaboration, data mining, analytics, and supplier performance management features, Entomo SmartHub/SRM enables purchasing groups to lower the costs of goods sold, without damaging their relationships with existing suppliers. About AMETEK Aerospace and Power Instruments AMETEK Aerospace and Power Instruments is a leader in the development, manufacture, and service of engine and aircraft monitoring systems, data acquisition units, fuel and fluid measurement systems, cockpit instruments and displays, sensors, switches and harnesses. It is also a leader in sensor systems for gas turbines, power quality and measurement instruments, and control room displays for the electric power industry. It is a unit of AMETEK, Inc., a $1-billion global producer of electronic instruments and electric motors. About Entomo, Inc. Entomo, Inc. offers Online SRM and strategic sourcing applications that electronically link manufacturers with their direct materials supply chain. Its Web-based application See Web application. , Entomo SmartHub/SRM, delivers transaction automation, online collaboration, exception management, supplier performance measurement, and supply chain analytics. Advanced capabilities support aggregation of inventory and purchasing data from multiple sites -- delivering cross-plant visibility, consolidated sourcing, centralized commodity management, and inventory sharing. Entomo's global customers include FMC Technologies FMC Technologies, Incorporated (NYSE: FTI), is an American machinery and oil services technology company. FMC Technologies was incorporated in 2000 when FMC Corporation divested its machinery businesses. FMC Technologies Inc. , AMETEK Aerospace and Power Instruments, NACCO NACCO National Association of Cottman Center Owners Materials Handling Materials handling The loading, moving, and unloading of materials. The hundreds of different ways of handling materials are generally classified according to the type of equipment used. Group, Atlas Copco Wagner, Wacker Wacker may refer to:
adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , increasing manufacturing uptime, and improving order fulfillment. For additional information, please visit www.entomo.com or call 877/936-8666. Entomo, the Entomo logo, and Entomo SmartHub/SRM are trademarks of Entomo, Inc. Other company and product names may be trademarks of their respective owners. |
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