Air Industry Resource Spawns B-to-B Exchange Engine; Advanced Procurement & Logistics System to Hit E-Commerce World with Bang.Business Editors/Hi-Tech Writers ARLINGTON, Texas--(BUSINESS WIRE)--June 26, 2000 It started out as a resource for the air industry. The Aircraft Parts Locator LOCATOR, civil law. He who leases or lets a thing to hire to another. His duties are, 1st. To deliver to the hirer the thing hired, that he may use it. 2d. To guaranty to the hirer the free enjoyment of it. 3d. Service (APLS APLS Avery Point Lighthouse Society (formed in February 2000) APLS Antiphospholipid Syndrome APLS Association for Politics and the Life Sciences APLS Articulating Patient Loading System APLS Automated Postal Locator System ) located at www.apls.com was created in 1996 -- that's year two of the Web -- to serve as a hassle-free source for aerospace and defense manufacturers looking to buy, sell, and swap components. APLS is still around. But it's grown -- a lot. Today's launch of APLS's version 4 helps confirm that. The acronym acronym: see abbreviation. A word typically made up of the first letters of two or more words; for example, BASIC stands for "Beginners All purpose Symbolic Instruction Code. stays the same, but the APLS moniker (1) A name, title or alias. See alias. (2) A COM object that is used to create instances of other objects. Monikers save programmers time when coding various types of COM-based functions such as linking one document to another (OLE). See COM and OLE. now stands for Advanced Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and Logistics System, and features the addition of .COM to highlight the organization's commitment to the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Behind that name looms a sophisticated online business-to-business platform, emerging from the multi-billion dollar aerospace and defense industry to establish itself at the leading edge of the growing e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. exchange sector. It's not hard to understand why. While APLS.COM was building up its core business, an entire business-to-business industry sprung up around it. The Advanced Procurement and Logistics System v4 marks the aerospace giant's acknowledgement of its e-commerce leadership. Aviation and aerospace remain a large part of the product offering. But the broad section of the aerospace and defense component market garnered by APLS have helped it become a key e-commerce player. And the business-to-business engine they've built has a lot to do with it. The APLS.COM interface now integrates over 120 million industry records into a seamless searchable information base. Each part provides data like price history, inventory availability across hundreds of industry suppliers, technical characteristics, original and secondary procurement sources, and integrated freight quotes from most major carriers. Those 120 million component records are partly pulled in from databases across the world -- many of which are otherwise difficult to get at. This tight focus helps distinguish APLS from other online exchanges, many of which are operated and owned by the very companies who compete with users of b-to-b services. APLS.COM is a neutral industry resource, and by amassing the inventory of hundreds of suppliers, APLS is able to deliver one of the e-commerce sector's most comprehensive procurement and logistics systems currently available. That's good news for aerospace and defense contractors Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; . But it's also good news for the e-commerce world. APLS.COM represents one of the Internet's oldest and best-established online business-to-business exchanges. The new Advanced Procurement and Logistics System will bring that expertise to the e-commerce world at large, and analysts are already taking note. |
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