Amphire Reaches $20B in Order Value with Trading Community; Milestone Shows Success of Internet-Based, Collaborative Enterprise Software Easing Supply Chain Problems.REDWOOD SHORES, Calif. -- Amphire(R) Solutions today announced that it has surpassed $20 billion in order value moving through its on-demand, Internet-based supply chain software solutions, serving its trading community. Amphire's trading community currently has more than 300 foodservice suppliers, 75 distributors and 30,000 operators actively using its electronic transaction systems. "This is a major milestone for our company, and it proves the success of our business model providing on-demand, supply chain solutions that leverage industry-specific business processes and transactions across the trading network, all the way down to the bottom line," said Mark Barnekow, Amphire's 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. . "Transaction value has recently tripled in size and we expect further exponential increases as customers adopt or expand their Amphire product footprint in a drive to receive the value inherent in our solutions." Barnekow said the rapid success of Amphire's software portfolio is due in large part to the increased acceptance of computers and Internet-accessible devices, as well as the spread of broadband and dial-up technologies in even the most remote parts of the world. "Without increased IT investment throughout distribution-intensive industries, we wouldn't have achieved this goal," he said. "It is through the adoption of our products that trading partners in the foodservice supply chain have been able to spread the cost of deploying such technology across a variety of trading partners in the community." Foodservice trading partners in the Amphire community have accelerated their adoption over the last three years. "It took six years for operators to achieve significant trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. with their distributors, so we are certainly experiencing our own industry version of Moore's Law "The number of transistors and resistors on a chip doubles every 18 months." By Intel co-founder Gordon Moore regarding the pace of semiconductor technology. He made this famous comment in 1965 when there were approximately 60 devices on a chip. ," Barnekow said. To address the decade-old problems of contract and rebate management, the company has recently introduced Amphire Reconcile(TM)l a web-based solution which provides suppliers, distributors and operators a complete, across-the-supply chain view. To date, no other company has such a comprehensive solution in this or any other vertical community. About Amphire Solutions, Inc. Amphire is a provider of information management, data synchronization Keeping data in two or more computers up-to-date so that each repository contains the identical information. Data in handheld devices and laptops often require synchronization with the data in a desktop machine or server. and Internet-based 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, solutions serving foodservice, consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one , technology, janitorial and sanitation, and paper and industrial packaging trading communities. Amphire's comprehensive suite of solutions enables the flow of transaction and critical business information between buyers and sellers. Compliant with emerging supply chain standards, Amphire's solutions allow enterprises to address fundamental supply chain challenges such as global data synchronization, product information management, RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. (Radio Frequency Identification See RFID. ) transaction management, contract master standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting , contract compliance, promotions and rebate management, reporting and analytics, and supply and demand forecasting with configurable and user friendly web-based solutions. For more information, please visit www.amphire.com . |
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