Andersen Consulting and Yantra Form Alliance to Help Complex Enterprises Manage Supply Chain Challenges of E-business; AC Ventures Makes Equity Investment in Yantra.Business Editors and Technology Writers NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & ACTON, Mass.--(BUSINESS WIRE)--Nov. 28, 2000 Andersen Consulting See Accenture. and Yantra Yantra is a Sanskrit word that is derived from the root meaning "to restrain, curb, check".[1][2] Meanings for the noun derived from this root include "that which restrains or fastens, any prop or support", "a fetter", "any instrument or machine", "an Corporation today announced a broad strategic alliance to provide supply chain solutions through PureEcommerce(TM), a fully Web-enabled application that manages, tracks and executes complex customer transactions across a company's extended supply chain. Andersen Consulting, which will be renamed Accenture on January 1, 2001, is a leading global management and technology consultancy. Yantra Corporation is a leading provider of e-business software solutions for supply chain transaction management across the extended enterprise. The three-year, worldwide alliance combines Andersen Consulting's leadership in supply chain strategy, management and implementation services with Yantra's application software and technology. It is anticipated that this relationship will deliver comprehensive supply chain transaction management solutions and business benefits to complex global enterprises. Further, AC Ventures, the venture capital unit of Andersen Consulting, has taken an equity stake in Yantra. Despite the many promises of e-business, most large companies have yet to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the real opportunities for increased revenues, responsiveness and operational efficiencies. Increasingly, companies are realizing the critical role their supply chains play in achieving these benefits, but their existing systems are inadequate. With e-business dramatically increasing the complexity of global supply chain networks, products and customer requirements, companies must manage an extended network of partners such as exchange market makers, outsourced manufacturers and third party logistics partners to deliver customer satisfaction. Integrating this network is critical to effective execution of planning, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , manufacturing and fulfillment transactions across the extended enterprise. Together, Andersen Consulting and Yantra will target their solutions to Global 2000 and Internet market maker companies in electronics, high technology, retail, transportation, and manufacturing based industries. Yantra will also install its applications at Andersen Consulting Supply Chain Solution Centers and Business Launch Centers globally, enabling rapid development and deployment of configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: business solutions. Specifically, Andersen Consulting and Yantra will market and deliver technology solutions to help businesses manage customer order transactions across complex, multi-channel, multi-partner enterprises. Together, the companies will deliver an infrastructure that provides rapid order visibility throughout the entire order lifecycle, across multiple business units, distribution channels and trading partners. The solution is designed to leverage, enhance and integrate with CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. systems, planning technologies and procurement models to leverage those capabilities and maximize the investments made in those technologies. "Our clients are demanding supply chain solutions that simplify the complexity of multi-partner enterprises," said Dave Anderson Dave Anderson might refer to:
"Andersen Consulting's leadership in e-supply chain integration, combined with Yantra's expertise in complex customer transaction management solutions, provides best in class capabilities to Global 2000 and emerging internet businesses," said John Kiley For the baseball player, see . John Kiley (died 1993) was the organist at Fenway Park from 1953 to 1989 and contemporaneously for Boston Garden as well. He is credited with having discovered the Boston Garden's resident singer Rene Rancourt. , President and COO of Yantra Corporation. "This alliance gives companies proven capabilities to increase their speed-to-market and differentiate themselves with their customers." PureEcommerce is the supply chain transaction management engine that enables collaboration, information integration and execution across the extended enterprise of trading partners. Designed specifically for e-business, PureEcommerce provides end-to-end execution management and visibility throughout the entire order lifecycle, from buy to supply through reverse logistics This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. . For example, PureEcommerce can aggregate supply chain information to support customer service, provide rules-based exception management and support multiple enterprises within a single order management system. It allows companies to manage all customer transactions on a single platform. About Yantra Yantra is a leading provider of Web-based customer transaction management solutions for the extraprise. Yantra's expertise in developing supply chain management solutions for manufacturing, retail, and net marketplace business models enables the company to provide comprehensive solutions to the e-business challenges facing companies today. Yantra's PureEcommerce enables flawless execution of customer transactions across the extended enterprise and ensures a superior, value-added buyer and seller experience. Yantra has implemented the PureEcommerce solution with leading Fortune 500 companies, B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business e-Businesses, e-Retailers, and Net Marketplaces, such as Honeywell, Motorola, Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. , VerticalNet, SciQuest.com, Marex.com, Purchasing Center, and Chempoint.com. Founded in 1995, Yantra Corporation is privately held and based in Acton, Massachusetts Acton is a suburban town in Middlesex County, Massachusetts, United States about twenty-one miles west-northwest of Boston along Route 2 west of Concord and about eleven miles (18 km) southwest of Lowell. The population was 20,331 at the 2000 census. . For more information, visit www.yantra.com. About Andersen Consulting On January 1, 2001, Andersen Consulting, the $8.9 billion global management and technology consulting organization, will change its name to Accenture (pronounced: ak-SEN-chure, as in "accent" + "future"). The firm is reinventing itself to become the market maker, architect and builder of the new economy, bringing innovations to improve the way the world works and lives. More than 65,000 people in 48 countries deliver a wide range of specialized capabilities and solutions to clients across all industries. Under its network of business strategy, the firm meets a full range of client needs -- consulting, technology, outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , alliances and venture capital. Andersen Consulting's home page address is http://www.ac.com. AC Ventures, the firm's venture capital unit, has invested in more than 50 startups, helping to accelerate their growth and market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" , while generating superior economic returns. On January 1, 2001, AC Ventures will be renamed Accenture Technology Ventures. Renamed. Redefined. Reborn re·born adj. Emotionally or spiritually revived or regenerated. reborn Adjective active again after a period of inactivity Adj. 1. . 01/01/01 |
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