BHP and Metiom Forge Major Alliance.Business Editors MELBOURNE Melbourne, city, Australia Melbourne, city (1991 pop. 2,761,995), capital of Victoria, SE Australia, on Port Phillip Bay at the mouth of the Yarra River. Melbourne, Australia's second largest city, is a rail and air hub and financial and commercial center. , Australia--(BUSINESS WIRE)--Sept. 14, 2000 The Broken Hill Proprietary Company Limited (BHP BHP blood hydrostatic pressure; the pressure exerted by the blood cells and plasma in the capillaries. ) today announced that it has formed a strategic alliance with business-to-business  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. leader Metiom to power its global e-procurement (Electronic-PROCUREMENT) Purchasing online. E-procurement systems are used to obtain materials and parts via the Web or using traditional EDI standards either for internal manufacturing (direct procurement) or office supplies and equipment (indirect procurement). with small to medium enterprises. As part of the alliance Metiom will also acquire BHP's L-Trans supply logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet system. In return, BHP will take an undisclosed equity position in Metiom in the form of common stock and cashless options. Metiom will power BHP's global trading relationships on a number of fronts including: -- Global SME e-Procurement: BHP has selected the newly integrated Metiom ConnectTrade(TM) and L-Trans system to facilitate the Company's e-procurement initiatives with small to medium-sized business. The system will provide BHP with an automated procure-to-pay, and track-and-trace logistics solution enabling the Company to communicate electronically with suppliers and freight service providers using a standard Web browser. Metiom ConnectTrade plus L-Trans will also reduce internal expenses, shorten purchasing cycles and enable unmatched enterprise-wide reporting on purchasing patterns and vendor performance. -- e-Marketplace On Ramps: In addition to automating its own purchasing, BHP has also taken the rights to a number of Metiom e-Marketplace portals to support its strategy of generating connectivity among small and medium businesses (SMEs), customer and supplier communities and strengthening relationships throughout its global supply chain. These portals will allow greater connectivity to major marketplace initiatives launched earlier this year including corProcure and the Mining and Metals Marketplace. -- Supply Chain Logistics: Metiom and BHP will co-market L-Trans, a BHP-developed Internet-based logistics management engine and information system. L-Trans enables global enterprises to track and manage the multi-billion dollar freight component of global procurement and to streamline the information exchange among buyers, sellers, freight service providers, expediters and other key parties in the supply chain. BHP Chief Strategic Officer Brad Mills James Bradley Mills (born January 19, 1957 in Exeter, California) is the bench coach of the Boston Red Sox and a former player in Major League Baseball. Before the 2004 season, Mills was named to the job reuniting with Red Sox manager Terry Francona, his former teammate and said the alliance with Metiom and sale of L-Trans was a welcome opportunity to further accelerate BHP's e-business strategy. "The alliance with Metiom will enhance our operational capability and create shareholder value through new revenue opportunities," he said. "The development of L-Trans is the result of BHP's continued innovation in the Transport and Logistics area. By streamlining the information exchange, L-Trans significantly reduces supply chain management costs among buyers, sellers, freight service providers, expediters and other key parties." Metiom 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. Chris Wagner said the company was looking forward to delivering flexible, open e-commerce solutions to a world-class company like BHP and its marketplaces. "We see the L-Trans product as a key differentiator for Metiom-powered exchanges that, combined with Metiom ConnectTrade(TM), can offer broader integrated functionality than other systems currently on the market," he said. "Metiom powered trading communities reach over six million businesses and providing them with sophisticated logistics management functionality is critical. L-Trans greatly improves the connectivity between customers and suppliers and promotes significantly reduced costs through superior management of supply chain logistics," Mr. Wagner added. Metiom will continue to invest in the development of L-Trans, extending its function into other industries and applications. BHP will retain the right to use L-Trans, preserving the Company's position as a leading logistics provider in the transport industry. About Metiom Metiom(TM) Inc. (pronounced Mee-tee-um), formerly Intelisys Electronic Commerce, is a leading provider of e-Marketplace solutions used by Global 2000 companies, large public sector organizations, and small businesses. The Metiom ConnectTrade(TM) suite of products is a dynamic, open e-procurement solution that connects businesses of all sizes as buyers and suppliers over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the to deliver the true promise of B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. . Metiom ConnectTrade automates corporate purchasing online, and is based on open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced , real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. Supplier-Managed Catalogs(TM) and Point-and-Click Purchasing(TM). Metiom solutions deliver the easiest and fastest way to dramatically reduce the high cost of enterprise purchasing, while generating new revenue streams by turning buyers into suppliers overnight. For information on Metiom, visit the Web site at www.metiom.com. |
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