BuildNet Unveils ''BuildNet Advantage,'' New Low-Cost Software System for Builders.Business Editors/High Tech Writers RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--Jan. 16, 2001 PC-based system will address the needs of small-to-midsize construction firms, specifically for builders, contractors, subcontractors and remodelers BuildNet, a leading provider of supply chain-wide information synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. for the annual $800 billion U.S. construction industry, today announced the release of BuildNet Advantage, a new PC-based "back office" software solution for the construction community. BuildNet Advantage addresses the business and organizational needs of small-to-midsize builders, as well as light commercial contractors, subcontractors, and remodelers. BuildNet Advantage was developed with direction and guidance from members of the construction community. It offers a wide range of integrated business features like job costing Job versus Process Costing Job costing (also called job order costing) is a fundamental part of managerial accounting. It differs from Process costing in that the flow of costs is traced by job instead of by process. and estimating, project management, and accounting and budgeting. General availability for BuildNet Advantage is February of this year. The solution will be initially available for use and sale at the National Association of Home Builders' International Builders Show in Atlanta, February 9-12, 2001. "BuildNet Advantage is a complete job cost accounting solution for small to midsize construction firms," said Rick Bernstein, BuildNet VP Builder Sales and Consulting Services. "It offers the construction community an easy-to-use yet powerful solution for effectively managing their business and organizational needs." BuildNet's supply chain-wide information synchronization solution includes products and services which add efficiencies, streamline demand and supply chain processes, and synchronize information exchanges among different links in the supply chain. BuildNet's solutions aim to reduce costs and delivery lead times, and increase contractor speed-to-market in the construction industry. Supply chain synchronization seamlessly integrates critical business information across different computer platforms, software systems and companies. About BuildNet, Inc. BuildNet, Inc., located in Research Triangle Park, N.C., is a leading provider of supply chain-wide information synchronization for the annual $800 billion U.S. construction industry. BuildNet offers information synchronization through its Internet-based transactions, its widely used enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. and project management software systems, its Portal Group, and its Web site, BuildNet.com, which delivers electronic catalogs, construction-related applications, business intelligence, and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . BuildNet also allows users to engage in integrated e-commerce with any other BuildNet-enabled user or allied trading partners, as the Company automates and synchronizes their key business activities, including scheduling, bid management, collaboration, procurement, and logistics. BuildNet also provides connectivity solutions for each link in the supply chain, enabling the right products and services to be delivered to the right places at the right times and at the lowest possible cost, a much-needed service in the highly-fragmented construction industry. BuildNet provides the deepest domain expertise in the construction industry and presently has thousands of customers implementing its applications. Its aggregated software customer base among home building contractors alone is over 60% of U.S. single-family home closings. Its dealer/distributor systems, provided by BuildNet subsidiary, NxTrend, are used today by 86,000 users within 900 local and national businesses, including three of the nation's top ten construction suppliers; four of the nation's top ten electrical product distributors; and three of the nation's top ten wholesalers of plumbing and HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free products. BuildNet's warranty claims company, KPI KPI Key Performance Indicator KPI Kuwait Petroleum International KPI Kiev Polytechnic Institute (Ukraine) KPI Kernel Programming Interface KPI King Pin Inclination (vehicle steering geometry angle) , provides electronic warranty claims services. BuildNet's Portal Group optimizes the supply chain using an Open Commerce Server transaction engine that simplifies the transaction flow for all members of the industrial distribution, PHAC PHAC Public Health Agency of Canada PHAC Public Health Advisory Committee PHAC Plan for Hardware Aspects of Certification PHAC Plumbing Heating Air Conditioning , electrical distribution, and contractor communities, as it provides three levels of back-office enablement, including e-mail or fax, 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. or batch file (1) A file containing data that is processed or transmitted from beginning to end. (2) A file containing instructions that are executed one after the other from beginning to end. See BAT file and shell script. transmissions, and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. communications. For more information about BuildNet, visit www.buildnet.com. |
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