AutoCrib and Machine Tools Supply Streamline Processes With Trading Partner Connect; Prophet 21 Internet Trading Network Reduces Errors, Saves Money.Business Editors/Hi-Tech Writers YARDLEY, Pa.--(BUSINESS WIRE)--Dec. 4, 2002 In another example of how Trading Partner Connect, Prophet prophet [Gr.,=foreteller], a religious leader and spokesperson, particularly used in the Bible. The prophets emitted messages from the divine through inspired speech, the interpretation of omens and dreams, and the casting of lots and divination. 21's Internet trading network, is streamlining the supply chain, AutoCrib, a leader in inventory management solutions, and Machine Tools Supply, a distributor of machine tools, have formed a trading relationship and are now conducting business electronically -improving customer service and reducing operational costs. "The trading partnership between AutoCrib and Machine Tools Supply is a perfect example of how Trading Partner Connect streamlines the commerce process for distributors and the companies they do business with," says Chuck Boyle, 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. of Prophet 21. "Both Auto Crib and Machine Tool Supply were early adopters of Trading Partner Connect and are today reaping the benefits offered by the Internet trading network." Trading Partner Connect has enabled AutoCrib to download restocking orders directly from their vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. on shop room floors and automatically place purchase orders with its distributors. Bruce Weaver Kenneth Bruce Weaver was born on January 18, 1956 in Lancaster, New Brunswick, Canada, as the only child of Ken and Shirley (Burgess) Weaver. He is a 1974 graduate of Saint John High School and a major media personality in and around Saint John, New Brunswick. , vice president of AutoCrib, notes a drastic reduction in re-keying errors often associated with these types of transactions because with Trading Partner Connect all information flows from one software system to the next. "We have also eliminated the need to send tag files back to our AutoCrib clients, saving us time and money," Weaver adds. "Trading Partner Connect sends back an advanced ship notice that takes the place of the old AutoCrib tag system A tag system is a deterministic computational model published by Emil Leon Post in 1943 as a simple form of string rewriting system. A tag system may also be viewed as an abstract machine, called a Post tag machine ." Machine Tools Supply stocks in excess of 150 AutoCrib dispensing dispensing provision of drugs or medicines as set out properly on a lawful prescription. A prescription can only be filled, the drugs supplied, by a registered pharmacist, veterinarian, dentist or member of the medical profession. units in over 30 different locations. The integration with Trading Partner Connect should prove to be a time- and money-saving venture. "Operationally, a distributor can save about 15 minutes on each account per day," says Andrea Pixley, president of the Costa Mesa Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , CA-based company. "When you multiply mul·ti·ply v. 1. To increase the amount, number, or degree of. 2. To breed or propagate. that by multiple accounts per day, the savings are significant," she says. Perhaps the biggest benefit for both AutoCrib and Machine Tools Supply has been the noticeably improved customer service. Trading Partner Connect has allowed AutoCrib to reassign one part-time employee back to the company's order desk to improve customer service. "We saw Trading Partner Connect as a chance to provide more value to our client base, since over 70 percent of our customers own a Prophet 21 solution," says Weaver. He adds that his clients have been appreciative of the effort to streamline processes. "Our customers see this as a very exciting improvement and believe that this solution is key to running highly efficient dispensing systems," he adds. "Trading Partner Connect is a great tool for reducing operational costs and improving customer service." About Trading Partner Connect Trading Partner Connect streamlines the commerce process between distributors, their manufacturers/suppliers, and end-users, thereby increasing sales and improving customer service while reducing operating costs operating costs npl → gastos mpl operacionales . Distributors benefit from dead stock reduction, lower EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. VAN costs, and access to a rationalized catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. of millions of items, enabling them to compete on a larger scale and improve customer service. In addition, distributors may connect with other purchasing platforms and trading communities through Trading Partner Connect. Distributors may also develop Web sites to give their customers on-line customer service and ordering capabilities 24 hours a day, seven days a week. Manufacturers/suppliers benefit as well, by improving their ability to interact with distributors and more accurately predict consumer usage of their products. About Prophet 21 Since 1967, Prophet 21 has been a leader in providing durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. distributors with innovative, adaptive solutions essential for running their businesses. With more than 2,000 customers and 70,000 users conducting over $35 billion in highly complex supply chain transactions annually, Prophet 21 is a true business partner, helping companies of all sizes leverage technologies and maintain a competitive advantage. Through its business technology and services, Prophet 21 seeks to streamline customers' business processes and reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). to maximize profit and growth. Prophet 21 offers enterprise software solutions for Windows and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). . Prophet 21's enterprise software solutions provide organizations with powerful, highly customizable applications designed to improve customer service and maximize their return on investment. In addition, the company offers an Internet trading network that streamlines the commerce process between distributors, their manufacturers/suppliers, and end users. A complete line of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. backs all Prophet 21 solutions. For more information about Prophet 21, please visit www.p21.com or call 1-800-PROPHET, ext. 3120. Copyright (c) 2002 Prophet 21, Inc. All rights reserved. Prophet 21 and Prophet 21 Acclaim are registered trademarks of Prophet 21, Inc. All other trademarks and registered trademarks are the property of their respective companies. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the Company's filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ materially. Potential risks and uncertainties that could affect the Company's future operating results include, but are not limited to: (i) economic conditions, including economic conditions related to the computer industry; (ii) the availability of components and parts from the Company's vendors at current prices and levels; (iii) the intense competition in the markets for the Company's products and service; (iv) the Company's ability to protect its intellectual property; (v) potential infringement claims against the Company for its software development products; (vi) the Company's ability to obtain customer maintenance contracts at current levels; and (vii) the Company's ability to develop, market, provide, and achieve market acceptance of new service offerings to new and existing clients. |
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