Asia-Tech And Total Parts Plus Enter Strategic Partnership; Creating the Ultimate Electronics and Semiconductors E-commerce Marketplace.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Aug. 23, 2000 Asia-Tech and Total Parts Plus have entered into a strategic alliance in which Total Parts Plus will develop an obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. system for the Asia-Tech 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 Marketplace. Asia-Tech (www.asia-tech.com) provides an open business-to-business (B2B) marketplace for electronic components and semiconductors for US and Asian markets, while Total Parts Plus (www.totalpartsplus.com) provides electronic and semiconductor obsolescence solutions to the ever evolving, global, high-tech industry. This arrangement will create an ultimate resource for conducting B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. . The highly fragmented electronic components market has a large number of intermediaries, which increases the cost of buying and selling. Most electronic component transactions involve low volumes and small capital outlays capital outlay See capital expenditure. . Asia-Tech provides a "many buyers-to-many sellers" collaborative vehicle for members to transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting and negotiate deals. Suppliers offload To remove work from one computer and do it on another. See cooperative processing. excess goods while maximizing profit and buyers save search time. Asia-Tech offers two basic services basic services, n.pl frequently insurance companies split dental procedures into basic and major categories. Basic services usually consist of diagnostic, preventive, and routine restorative dental services. . The first is the classic e-commerce model allowing suppliers to post a product catalogue. The database is maintained by Asia-Tech, so data integrity and consistency is ensured. The second is a reverse auction where buyers can post request for quotes (RFQs) and qualified suppliers can post bids against each quote. Total Parts Plus--tracking two million electronic components from over 1800 manufacturers--is the result of an industry demand for immediate solutions to the problems of electronic and semiconductor obsolescence and DMS (1) (Document Management System) See document management. (2) (Defense Messaging System) An X.500-compliant messaging system developed by the U.S. Dept. of Defense. (Diminishing Manufacturing Sources). Providing a B2B online database, Total Parts Plus offers solutions to obsolescence problems that are changing the way business is transacted. "Before purchasing parts, whether for designs, redesigns, or replacements, buyers want to know if the parts are facing obsolescence. If they are, this awareness helps in avoiding potential problems such as production delays or buying at distressed prices. That's where we come in," said Jeff Arnett, Vice President of Total Parts Plus. "Asia-Tech has a large foothold on the rapidly expanding Asian marketplace, which is exciting to us as we broaden our customer base while developing essential online tools for the global electronics and semiconductor industry," said Arnett. "Total Parts Plus has helped establish the industry standards in obsolescence management. We believe that this alliance Asia-Tech members with a value-added product and strengthen our database services," said Sunil Grover, Director of Business-to-Business Marketplace, Asia-Tech. About Asia-Tech Asia-Tech is an Internet based marketplace for buyers and sellers of electronic components. A professional Internet business team based at Asia-Links Media started Asia-Tech (www.asia-links.com). Asia-Links Media is an Internet portal for business professionals in the US and Asia. The Chairman of the Board, Mr. Tsuyoshi Taira, was formerly chairman of Sanyo Semiconductors Corporation in the US, an $8.3 billion company. About Total Parts Plus Total Parts Plus is an Internet based research tool for resolving obsolescence issues. Total Parts Plus is a subsidiary of Manufacturing Technology, Inc. (MTI MTI Ministry of Trade and Industry (Singapore) MTI Metal Treating Institute MTI Moving Target Indicator (radar) MTI Magyar Távirati Iroda (news agency in Budapest, Hungary) ). MTI was founded in 1984 as an avionics and electronics manufacturer. MTI has developed a diversified range of capabilities including Electronic Engineering, Computer Systems, and Technical Support, providing quality products and services to both government and industry. MTI has sales of over $40 million per year with over 150 man-years of experience in the integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for area of diminishing manufacturing sources. |
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