Barnes Distribution Announces Agreement with SupplyPro.Business Editors National Manufacturing Week 2002 BOOTH #5934 CHICAGO--(BUSINESS WIRE)--March 18, 2002 Barnes Distribution, a business unit of Barnes Group Inc. (NYSE NYSE See: New York Stock Exchange :B), a leader in the distribution of maintenance, repair and operating (MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) supplies, today announced a distribution agreement with SupplyPro, the leader in automating the supply chain at the point-of-use. Under this agreement, Barnes Distribution will use SupplyPro's comprehensive line of high-security point-of-use inventory tracking devices to enhance its offerings of vendor-managed inventory services. SupplyPro offers a full line of web-enabled inventory management systems that dispense dispense /dis·pense/ (-pens´) to prepare medicines for and distribute them to their users. dis·pense v. To prepare and give out medicines. and track inventory at the point-of-use while automating the reordering re·or·der v. re·or·dered, re·or·der·ing, re·or·ders v.tr. 1. To order (the same goods) again. 2. To straighten out or put in order again. 3. To rearrange. v. process. The system also includes SupplyPort, which allows users to view real-time inventory data via a standard Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. . "Our agreement with SupplyPro represents a natural extension of Barnes Distribution's commitment to providing innovative inventory management solutions that reduce our customers' overall cost," said Keith Drewett, President, Barnes Distribution. "This relationship provides our customers with an added dimension of automated control and 24/7 access to critical MRO and safety supplies." "We are excited to team up with Barnes Distribution, which has a great reputation among customers seeking out superior quality and service," said Bill Williams, 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 SupplyPro. "SupplyPro's inventory management solution benefits customers who demand greater control over inventory, better management of information and improved cost savings." About Barnes Distribution Barnes Distribution, a business unit of Barnes Group Inc. (NYSE:B) is an industry leader in the distribution of maintenance, repair and operating (MRO) supplies, die and nitrogen gas springs and security products. Barnes Distribution services thousands of customers on four continents under the brand names of Bowman Distribution, Curtis Industries, Mechanics Choice, Raymond, Motalink and Autoliaisons. About SupplyPro SupplyPro is the leader in automating the supply chain at the point of use in the $100 billion commercial market. Its web-based information systems optimize inventory management by automating the procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. process, 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. supplies and tracking inventory. In addition to SupplyPro's strong customer base of Fortune 500 firms and large government organizations, the company has attracted major investment partners such as J.P. Morgan Partners Corp., a subsidiary of the global financial firm J.P. Morgan Chase and Co. (NYSE: JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ). For more information about Supply Pro, call 858-522-7610 or visit the company's website at www.supplypro.com. About Barnes Group Inc. Barnes Group Inc. (www.barnesgroupinc.com) is a diversified international manufacturer of precision metal parts and distributor of industrial supplies, serving a wide range of markets and customers. Founded in 1857 and headquartered in Bristol, Connecticut Bristol is a city located in Hartford County, Connecticut, 20 miles (32 km) southwest of Hartford. According to 2006 Census Bureau estimates, the population of the city is 61,353. , Barnes Group consists of three businesses with 2001 sales of $769 million: Associated Spring, one of the world's largest manufacturers of precision mechanical and nitrogen gas springs; Barnes Aerospace, a manufacturer and repairer of highly engineered assemblies and products for aircraft engines, airframes, and land-based industrial gas turbines; and Barnes Distribution, an international distributor of maintenance, repair and operating supplies. More than 5,300 dedicated employees at over 50 locations worldwide contribute to Barnes Group Inc.'s success. |
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