Centex Homes, Lennar Corporation, The Fortress Group and David Weekley Homes To Use USBuild for Internet Supply Chain Solution.Business Editors ATLANTA and SAN FRANCISCO--(BUSINESS WIRE)--Feb. 8, 2001 More Leading Homebuilders Implement USBuild's e-Chain to Reduce Supply Chain Costs USBuild, a company leveraging the Internet to create a supply chain optimized for production homebuilding, today announced that four more of the nation's top homebuilders--Lennar Corporation (NYSE NYSE See: New York Stock Exchange :LEN (Low Entry Networking) In SNA, peer-to-peer connectivity between adjacent Type 2.1 nodes, such as PCs, workstations and minicomputers. LU 6.2 sessions are supported across LEN connections. ), Centex Homes (Centex, NYSE:CTX CTX Context (Management; Tandem) CTX Centex Corporation (stock symbol) CTX Centrex CTX Cyclophosphamide CTX Corporate Trade Exchange CTX Cytoxan CTX Cholera Toxin CTX Clinical Trial Exemption ), The Fortress Group (Nasdaq:FRTG), and David Weekley Homes--will begin using the company's services in its initial market, Denver. These firms join Pulte Homes Pulte Homes, Inc (NYSE: PHM) is a Bloomfield Hills, MI based company founded by Bill Pulte. Pulte is the third largest (by units) builder of homes and residential community developers in the United States according to Builder Magazine's"Builder 100", and is the nation's (NYSE:PHM) and Village Homes in deploying USBuild's e-chain solution for streamlining the supply chain for new home construction. In making the announcement at the International Builders Show in Atlanta, USBuild 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. George Mac Connell said, "These builders are demonstrating true vision. They will be among the first to use a new kind of supply chain--an Internet-enabled pipeline of information, financial and product flows--engineered to meet the needs of both production homebuilders and manufacturers. Our e-chain delivers a long-overdue improvement in procurement, logistical and distribution processes, resulting in a real win for all participants." Brian Hutt, Lennar Corporation's program coordinator for the USBuild initiative, said, "Partnering with USBuild, Lennar will be able to order materials directly through USBuild's Web-based procurement system and advanced fulfillment center -- streamlining the homebuilding process and making it more efficient." "Centex Homes is committed to lowering costs and working closely with trade contractors and manufacturers," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CEO Timothy Eller. "We've been looking at ways to improve supply chain efficiencies that reduce homebuilding costs. By working with USBuild, we'll evaluate supply chain practices that we expect will reduce costs." "USBuild has created a smart solution that's working to improve the homebuilding process--from procurement through delivery and installation," said Bob Riester of The Fortress Group. Added David Weekley Homes chairman and CEO David Weekley, "We're looking forward to working with USBuild because they're focused on operational benefits." Pulte Homes was a development partner in USBuild's pilot operations in Denver during the Fall of last year and will expand the use of USBuild to additional communities in 2001. "Their solution is very efficient and very effective; the e-chain model is working very well," noted Alan Laing, Pulte's Vice President for e-Business Strategies and Supply Chain Management About USBuild USBuild (www.usbuild.com) is the leading company pioneering the Internet e-chain, a new business model that creates value by acting as a catalyst for change in the supply chain. It is also the first e-business company to focus on production homebuilding. USBuild's goal is to make production homebuilding more profitable for builders, manufacturers, and contractors, and ultimately, more affordable for home buyers. Its systems shorten the supply chain and drive out costly inefficiencies by applying methods proven in manufacturing to reduce inventory, transportation, financing, and 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). . It will also help homebuilders reduce cycle times through better production scheduling and more reliable, just-in-time deliveries. The privately-held company began operations in 1999 and is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . About Centex Homes Centex Homes operates in more than 75 markets in 22 states and Washington, D.C., and expects to deliver approximately 20,500 homes during its current fiscal year ending March 31, 2001. The Dallas-based homebuilder is a subsidiary of Centex Corporation (NYSE:CTX), a Fortune 500 company. Centex, through other subsidiaries, ranks as one of the nation's largest non-bank affiliated retail mortgage loan originators and general building contractors. The company also has operations in home services and investment real estate and owns a majority interest in a publicly held construction products company. FORTUNE Magazine last year named Centex No. 1 on its list of "America's Most Admired Companies A yearly publication by Fortune Magazine, America's Most Admired Companies consists of corporations that are highly esteemed by the likes of Business Executives, Directors, and Analysts. A survey is taken of close to 3300 professionals who give their opinions on the companies. " in the engineering and construction category. About The Fortress Group The Fortress Group (www.fortressgroup.com) is one of the leading, nationally diversified homebuilders, developing single-family homes for first-time, move-up and luxury homebuyers in many of the nation's strongest housing markets. The Company's homes are marketed under the names of its operating subsidiaries: Sunstar Homes (North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. ), The Genesee Company (Colorado and Arizona), Christopher Homes (Nevada), Brookstone Homes (Wisconsin), Fortress Homes and Communities of Florida (Florida), Wilshire Homes (Texas), Don Galloway Homes (North Carolina and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. ), Iacobucci Homes (Pennsylvania and New Jersey), Whittaker Homes (Missouri), and Quail Homes (Oregon and Washington). About Lennar Lennar Corporation Lennar Corporation (NYSE: LEN) is a Fortune 200[1] company based in Miami, Florida, United States. It was founded in 1954. Lennar is one of the United States' largest homebuilders, constructing homes in 18 different states throughout the United States, , headquartered in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. , merged with U.S. Home in 2000. The Company has homebuilding operations in 13 states and is one of the nation's leading builders. The company builds under the following brand names: Lennar Homes, U.S. Home, Greystone, Village Builders, Renaissance, Orrin Thompson Orrin Thompson (born November 11, 1982 in Charlotte, North Carolina) is a offensive lineman who is currently a free agent of the National Football League. He played collegiately at Duke. , Lundgren Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) ., Winncrest and Rutenberg Homes. Lennar's 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. Division provides residential mortgage services, title and closing services, and its Strategic Technologies Division provides high speed Internet access, cable television and home monitoring services, for both Lennar homebuyers and other customers. About Pulte Pulte Corporation (www.pulte.com) is the parent of the Pulte group of companies. Pulte Home Corporation has operations in 42 markets across the United States and Puerto Rico. The company is also the fifth largest builder in Mexico. Over its history, Pulte has constructed more than 275,000 homes. Pulte Home Corporation has been honored as "America's Best Builder." About Village Homes Village Homes of Colorado, Inc. (www.villagehomes.com) is Colorado's largest privately held homebuilding company, delivering over 700 homes in 2000. The Company was founded in 1984 and has been recognized locally and nationally for its innovative community designs. Village offers a wide range of housing styles, all featuring the latest in-home technologies, including high-speed wiring and the new IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Home Director. About David Weekley Homes David Weekley Homes (www.davidweekleyhomes.com) was founded in 1976. The company quickly made a name for itself with an emphasis on innovative design and customer satisfaction. After only ten years, David Weekley Homes has garnered hundreds of awards for homebuilding excellence, including National Builder of the Year, the National Housing Quality Award, and America's Best Builder. David Weekley Homes builds in 14 cities from Colorado to the Carolinas and is the second largest family held builder in America. The company was named to Fortune Magazine's list of Top 100 Companies to Work For in 1999. |
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