Coca-Cola Bottling Company Consolidated Selects ePlus for eProcurement and Supplier Enablement Solutions.Procure To cause something to happen; to find and obtain something or someone. Procure refers to commencing a proceeding; bringing about a result; persuading, inducing, or causing a person to do a particular act; obtaining possession or control over an item; or making a person + and Content+ Supplier Portal Will Provide an Integrated Solution for Leading Bottling Company A bottling company is a commercial enterprise whose output is the bottling of beverages for distribution. Many bottling companies are franchisees of corporations such as Coca-Cola and PepsiCo who distribute the beverage in a specific geographic region. HERNDON, Va. -- ePlus inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :PLUS) today announced that its Procure+ eProcurement application and its Content+ Supplier Portal have been selected by Coca-Cola Bottling Co. Consolidated (CCBCC CCBCC Coca-Cola Bottling Company Consolidated (Charlotte, North Carolina) CCBCC Cape Cod British Car Club CCBCC Central Coast British Car Club (Ventura, CA) ) (Nasdaq:COKE) to replace its existing supply management software. "We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a dynamic and comprehensive ordering solution that we could deploy enterprise-wide," said Marcia Golden, director of accounts payable at CCBCC. "We selected ePlus because it has the products with the functionality to address our eProcurement and supplier enablement Supplier Enablement is the process of electronically connecting suppliers (or other trading partners) to a company's supply chain. Supplier enablement is achieved when suppliers of goods and services are connected to a company's back-office systems to exchange critical business needs." CCBCC will be utilizing ePlus Procure+ and the Content+ Supplier Portal for: * A replacement of its existing solution that will provide a dynamic base platform for CCBCC and expand usage throughout the enterprise for all departments. CCBCC will initially use the solution for indirect spend, including extensive marketing department usage. * Controls over end user orders, assuring compliance with national contracts in place today and future contracts to be awarded. * The ability to automate transmission of suppliers' orders, reducing supply chain costs for suppliers and costs for CCBCC. * Complete supply chain visibility of all orders by location and the ability to research all history, enabling effective spend analysis. * Complete receiving visibility and process flexibility, enabling proper receiving with options for "assumed receipt" and tailored threshold "receipts confirmation" based on pre-defined dollar amounts. * An electronic "approved to pay" file of U.S. Bank P-Card data to SAP Accounts Payables, eliminating redundant data entry. The Supplier Portal is a collaborative hub where suppliers of all sizes can self-author and load their respective 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. content to a single repository within CCBCC. CCBCC oversees the process with built-in workflow, ensuring that adds, changes, and deletes are approved by CCBCC prior to availability by the eProcurement end user community. "CCBCC is the latest of a succession of companies to recognize the need for eProcurement best practices and to also support their eProcurement initiative by providing it with the right product data from multiple suppliers in a cost effective manner," said Ken Farber, president of ePlus Systems. "The combination of Procure+ and our Content+ Supplier Portal is an ideal solution for companies to achieve this. I welcome CCBCC to the ePlus customer base." About Coca-Cola Bottling Co. Consolidated Founded in 1902 and headquartered in Charlotte, NC, the company has grown to become the second-largest Coca-Cola bottler in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Today, it sells a wide variety of soft drink products, including Coca-Cola classic, diet Coke Diet Coke (sometimes known as Diet Coca-Cola, Coca-Cola Light or Coke Light) is a sugar-free soft drink produced and distributed by The Coca-Cola Company. , Sprite, diet Sprite, Mello Yello, Dr Pepper and diet Dr Pepper, Mr Pibb (in many markets), Fresca, Fruitopia, among others, as well as a wide variety of Minute Maid Minute Maid is a product line of beverages, usually associated with orange juice, but now extends to soft drinks of many kinds, including Hi-C. Minute Maid was the first company to market orange juice concentrate, allowing it to be distributed nationwide and served juices, and Dasani purified bottled water. For more information, visit www.cokeconsolidated.com or call 1-800-777-COKE. About ePlus Systems inc. ePlus Systems inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ePlus inc., develops and markets enterprise supply management applications and services to meet the needs of spend management and product information management for customers across all industries. The combination of software and services gives customers the choices and tools to optimize their spend, including supplier enablement, catalog content management, eProcurement, spend analytics, document management, and asset management. About ePlus inc. ePlus is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , flexible lease financing, proprietary software, and patented business methods. Founded in 1990, ePlus has more than 625 associates in 30+ locations serving more than 2,500 customers. The Company is headquartered in Herndon, VA. For more information, visit http://www.eplus.com/, call 888-482-1122, or email info@eplus.com. ePlus[R], Procure+[R], Content+[R] Supplier Portal, and other ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. The names of other companies and products mentioned herein may be the trademarks of their respective owners. Statements in this press release that are not historical facts may be deemed to be "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. ". Actual and anticipated future results may vary due to certain risks and uncertainties, including, without limitation, the existence of demand for, and acceptance of, our services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; the creditworthiness Creditworthiness The condition in which the risk of default on a debt obligation by that entity is deemed low. Creditworthiness Eligibility of an individual or firm to borrow money. of our customers; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to realize our investment in leased equipment; our ability to reserve adequately for credit losses; fluctuations in our operating results; our reliance on our management team; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this release is as of January 14, 2008. ePlus undertakes no duty to update this information. |
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