Associated Spring Selects SupplyWorks for Compliance with Ford MMOG Requirements.Business Editors BEDFORD, Mass.--(BUSINESS WIRE)--May 12, 2003 Global Tier 1 Automotive Manufacturer to Use SupplyWorks MAX(TM) to Synchronize with Suppliers SupplyWorks, Inc., the leader in Supplier Relationship Management (SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. ) solutions for automotive manufacturers, today announced that Associated Spring, the largest manufacturer of precision springs in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , has selected SupplyWorks(R) MAX(TM) to automate its procurement operations and maximize supply chain visibility. SupplyWorks will enable Associated Spring to meet a Ford Motor Company initiative requiring suppliers to synchronize with their supply base electronically. Associated Spring will comply with the Automotive Industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. Action Group (AIAG AIAG Automotive Industry Action Group AIAG Animal Industries Advisory Group ) Materials Management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, Operations Guideline (MMOG (Massively Multiuser Online Game) A game on the computer played by many people. Also called "massively multiplayer online" (MMO), an MMOG differs from a regular multiplayer game because its environment is perpetual. ), a defined automotive industry guideline for achieving effective materials management systems. MMOG defines the elements that a customer/supplier connectivity system needs to have, in order to efficiently manage the flow of productive materials and to share information, such as forecasts and schedules, advanced ship notices (ASN (1) (Autonomous System Number) A unique identifier of an autonomous system on the Internet. Of the 65 thousand ASNs available, more than 30 thousand have been assigned to ISPs and NSPs. ISPs usually have only one ASN, but NSPs may have more than one. ), and online records. Although AIAG's MMOG is not yet an industry-wide standard, Ford Motor Company has mandated that their suppliers comply with MMOG, as a way of insuring the effectiveness of their tier 1 and tier 2 suppliers. "Compliance with the MMOG requirements is fundamentally a sound business practice and our work with Ford requires that we achieve MMOG compliance as quickly as possible," said Ero Selander, vice president of procurement, Associated Spring. "We selected SupplyWorks MAX because it met our requirements better than any other solution. SupplyWorks' quick deployment time, rapid payback, and minimal business process change were key factors in our decision and will enable us to implement MMOG compliance in less than 90 days at several of our divisions. By streamlining and automating such tasks as supplier scheduling, inventory visibility and advanced ship notices (ASN), SupplyWorks will provide a scalable platform for Associated Spring to manage our supply base, manage our inventory, and enhance our customer support as well as accommodate future growth." Designed to set new standards for simple, reliable supplier connectivity, SupplyWorks MAX is designed for automotive manufacturers who need to rapidly connect electronically to their suppliers with minimal business process change. SupplyWorks MAX supports common automotive procurement and materials scheduling processes, as well as prescribed MMOG compliance requirements. MMOG functions supported by SupplyWorks include the electronic communication of material schedules to suppliers, providing suppliers with a simple, cost-free mechanism for creating advance ship notices (ASNs) to improve visibility, and streamlining receiving and payment processes. "Large players in the automotive industry are making an aggressive push for tier 1 suppliers to comply with MMOG requirements," said Jeff Herrmann, 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. and president of SupplyWorks, Inc. "SupplyWorks MAX enables automotive manufacturers to quickly and easily implement MMOG requirements today, at a low risk to their business and minimal changes to their operations. We have already demonstrated our ability to serve as a strong business partner for automotive suppliers, and to provide our customers with exceptional technical and management support." About Associated Spring Associated Spring, a business unit of Barnes Group Inc. (NYSE NYSE See: New York Stock Exchange : B), is the largest manufacturer of precision springs in North America, and one of the largest precision spring manufacturers in the world. Associated Spring is equipped to produce virtually every type of spring from fine hairsprings for electronics and medical instruments to large heavy-duty springs for machinery. Associated Spring is a leading supplier of nitrogen gas springs and manifold systems used to precisely control stamping presses; a global supplier of retaining rings; and injection-molded plastic-on-plastic components and assemblies. For more information, visit www.asbg.com. About SupplyWorks, Inc. SupplyWorks, Inc., the leader in Supplier Relationship Management (SRM) solutions, helps discrete manufacturers manage their direct procurement, including their relationships with key suppliers, to lower costs and improve supply chain performance. Founded by pioneers in 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 eCommerce, SupplyWorks has grown rapidly and boasts an unusually experienced management team with deep expertise in enterprise applications, supply chain management, Internet technology, and developing reliable software for the demanding manufacturing environment. SupplyWorks is privately held and backed by several leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] : Atlas Venture, North Bridge Venture Partners, Longworth Venture Partners, New Meadows Capital, Solstice solstice (sŏl`stĭs) [Lat.,=sun stands still], in astronomy, either of the two points on the ecliptic that lie midway between the equinoxes (separated from them by an angular distance of 90°). Capital, and Spinner Global Technology Fund. |
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