Adexa and Need2Buy Form Alliance to Provide Hosted Supply Chain Solutions for Mid-Sized Electronics Manufacturers.Business Editors LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--July 10, 2001 Companies to Offer Combined Sourcing and Collaboration Working together on a project. See collaborative software. Capabilities Through Need2Buy's Private Exchange Platform Adexa Inc., a leading provider of collaborative commerce solutions critical to e-business, and Need2Buy Inc., a leading provider of online sourcing and supply-chain tools for the electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. industry, today announced they will form an alliance to offer hosted supply chain solutions specifically designed for mid-sized electronics manufacturers. The two companies will work together to develop and market solutions that merge Need2Buy's hosted sourcing, inventory management and design collaboration capabilities with Adexa's offerings for order promising, collaborative demand and supply planning, production planning Production planning The function of a manufacturing enterprise responsible for the efficient planning, scheduling, and coordination of all production activities. and product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. management. The combined Adexa-Need2Buy private exchange will eliminate the need for costly technology implementation and infrastructure rebuilding, which in the past presented a significant barrier to adoption of sophisticated supply chain management tools by small and mid-sized manufacturers. Even companies that have not implemented EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. technology or XML-based standards will be able to collaborate across their organizations and with their key business partners to improve sourcing, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and supply chain management activities. Since Need2Buy's private exchange is hosted online, it is affordable for small and mid-sized manufacturers and provides a quick return-on-investment. The platform can be implemented quickly and is secure, scalable and flexible, making it ideal for rapidly growing companies. Manufacturers that adopt a private exchange solution can realize the benefits of better communication throughout their supply chains, improved customer service, reduced inventories, and the ability to get products to market faster and more cost-effectively. In addition, as a complement to its private exchange offering, Need2Buy hosts an open online marketplace to enable manufacturers to access a broader range of potential suppliers when needed to supplement their core supply relationships. "Effective collaboration requires involvement by all supply chain participants, including mid-sized OEMs and contract manufacturers," said Dr. K. Cyrus Hadavi, president and chief executive officer of Adexa. "Together with Need2Buy, Adexa will be able to help organizations realize significant improvements in their key supply chain activities, from design collaboration and production planning to sales, plant scheduling and inventory management." "Working together, Adexa and Need2Buy will be able to offer electronics manufacturers a rapid and low-cost migration path to a powerful supply chain management platform," said Maury Friedman, Need2Buy's chairman and chief executive officer. "This relationship will enable us to expand the services available through our private exchange offering and allow us to address a greater range of industry needs and opportunities." About Need2Buy Need2Buy provides hosted supply chain optimization Supply Chain Optimization is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This includes the optimal placement of inventory within the supply chain, minimizing operating costs (including manufacturing costs, tools that enable electronics manufacturers to work more effectively across their organizations and with their key business partners. Headquartered in Westlake Village, Calif., the company provides an open online marketplace for all participants in the electronics industry, which features industry leading technical content and powerful sourcing and BOM-management tools. Need2Buy also creates private exchanges tailored to meet the specific sourcing, collaboration and order-management needs of electronics manufacturers throughout the product lifecycle. Each private exchange is a secure and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. platform by which companies can improve their key business processes and avoid supply chain "blind spots," allowing them to get their products to market more quickly and at a lower cost. Visit the company at www.need2buy.com. About Adexa Adexa is a leading provider of collaborative commerce solutions critical to e-business. Adexa's iCollaboration suite helps enterprises and trading exchange participants make faster, more informed business decisions by automating, synchronizing synchronizing, n a technique that a therapist uses to coordinate his or her breath with that of the client; builds trust and establishes relationship. and optimizing complex, interdependent in·ter·de·pen·dent adj. Mutually dependent: "Today, the mission of one institution can be accomplished only by recognizing that it lives in an interdependent world with conflicts and overlapping interests" supply chain operations. Built with next-generation technology, Adexa's iCollaboration suite is an open, scalable and adaptable a·dapt·a·ble adj. Capable of adapting or of being adapted. a·dapt  a·bil solution that dramatically enhances customer responsiveness,
coordination with trading partners and supply chain efficiency.
Headquartered in Los Angeles, Adexa has licensed its iCollaboration suite to leading companies and trading exchanges around the world, including Advanced Micro Devices Inc., Conexant Systems Inc., Lucent Technologies Inc., Framatome Connectors International, Fujitsu Quantum Devices Ltd., Matsushita Electronics Corp., Philips Semiconductors B.V., Sanyo Electric Co. Ltd., and Sumitomo Metal Industries Sumitomo Metal Industries, Ltd. (住友金属工業株式会社 Ltd. Sitix Division. To learn more about Adexa and its solutions, visit www.adexa.com. |
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