Aberdeen Report Highlights Tesco Tie as Example of Best Practice in Private Exchanges in Europe.Business Editors & Technology Writers LONDON--(BUSINESS WIRE)--Oct. 8 2002 Over one thousand Tesco suppliers use its Trading Information Exchange (TIE) based on Global eXchange Services e-commerce solutions Leading analyst group Aberdeen has highlighted the Trading Information Exchange (TIE) developed by major retailer Tesco and Global eXchange Services (GXS GXS Global Exchange Services (GE) GXS Gun X Sword (anime) ) in its new report on Best Practices in Private Exchange Implementations in Europe. In the report, Aberdeen profiles Tesco as a company that has demonstrated an industry best practice in deploying TIE, a private exchange, to improve relationships with key trading partners, control costs, streamline processes and enhance responsiveness across the supply chain. In April 1997, Tesco partnered with GXS and developed the concept for Tesco TIE. By the end of 2000, approximately 1,000 of its suppliers were using the system, allowing Tesco and its suppliers to view and analyse an·a·lyse v. Chiefly British Variant of analyze. analyse or US -lyze Verb [-lysing, -lysed] or -lyzing, critical supply chain information via a web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. , dramatically increasing its ability to manage day-to-day supply chain issues. Using Tesco TIE, suppliers can monitor stock levels daily, and make exceptional changes to replenishment replenishment the addition of an appropriate quantity of properly prepared solution containing the correct concentration of chemicals to the developer solutions used in radiography. plans much faster than previously. Tesco, in turn, can view suppliers' service levels in terms of logistics, delivery times and quality of packaging, for example. This enables Tesco to achieve near real-time visibility into its supply chain with an average lag of eight hours, as opposed to the previous two to three weeks on average. Both retailers and suppliers can view stock levels of 96 per cent of the goods Tesco sells in stores via the exchange. Approximately 85 per cent of Tesco's total community of around 1,500 suppliers use Tesco TIE, including companies such as Unilever Bestfoods, Geest and St. Ivel. Close to 140,000 visits are made to the exchange every month, and 4,000 users are registered. Since the implementation of Tesco TIE, the service has been commercialised by GXS globally as a low cost, high performance supply chain visibility solution that can be implemented for other private exchange communities. To date, 3 additional major retailers have adopted TIE to share daily sales, stock and other data with a total of over 2,200 trading partners. About Aberdeen Since 1988, Aberdeen has been a leader in providing market analysis and positioning services that help business technology suppliers meet the challenge of establishing leadership in fast-changing markets. Aberdeen is headquartered in Boston, MA, and has research divisions in Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , CA; Fort Collins, CO; and Amsterdam, the Netherlands. Aberdeen is accessible via the Web at www.aberdeen.com. About Global eXchange Services Global eXchange Services operates one of the largest B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. networks in the world, with more than 100,000 trading partners. The network's 1 billion annual transactions account for $1 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . For more information, visit the company's Web site at www.gxs.com. Caution Concerning Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. These factors include technological developments, customer demand, trading partner participation and network availability. |
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