Conoco Introduces Industry's First E-Procurement Program for Finished Lubricant Distributors.Business/Energy Editors & High Tech Writers HOUSTON--(BUSINESS WIRE)--Aug. 27, 2001 Conoco (NYSE NYSE See: New York Stock Exchange :COCA coca (kō`kə), common name for shrubs of the genus Erythroxylum, particularly E. coca, of the family Erythroxylaceae, and found abundantly in upland regions and on mountain slopes of South America, as well as in Australia, India, ) (NYSE:COCB) has introduced the first real-time, online procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. program designed for lubricant Lubricant A gas, liquid, or solid used to prevent contact of parts in relative motion, and thereby reduce friction and wear. In many machines, cooling by the lubricant is equally important. distributors 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. . The procurement program is a feature of the lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. extranet called DistributorNet. "DistributorNet is a fully functional Web site allowing all its distributors to place real time orders from a product catalogue of over 1200 Stock Keeping Units, or SKUs," said Jennie Baker, Conoco's manager, finished lubricants. "We selected DistributorNet because we believe it will make it easier for our important strategic partners, our lubricant distributors, to do business with us." One of the most valuable benefits of the site is real-time information on in-stock warehouse availability of all Conoco lubricant products. When ordering online, a distributor will know the exact dates when ordered products are available and be able to track weight and volume of the complete order to aid in making more economical and efficient shipping decisions. "Available to Promise (ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. ) inventory information can drive business efficiency, especially when dealing with thousands of items. Conoco's innovative application of SAP's ATP technology is a clear differentiator in the lubricants distribution," said Dennis Gooden, vice president for the oil and gas industry at SAP. The new system will provide faster, more efficient ordering for all distributors regardless of location. Once online, distributors may monitor the status of all of their previous lubricant orders. Also, all past financial information is online, including history of electronic fund transfers, invoices and credit card statements. "The distributors who use our online ordering procedure really like the convenience," commented R. Bradley Borg, web master for Conoco lubricants. "They can place an order from anywhere in the world." The site has undergone extensive testing and now all Conoco lubricant distributors with an Internet connection and a password can have access to DistributorNet. "Currently over 75 percent of all Conoco lubricant distributors are online and we believe that percentage will increase as they discover the efficiency of this ordering system," said Kim Hawkins, Conoco Lubricants business project lead. Conoco is a major, integrated energy company active in more than 40 countries. The company's lubricants business offers a full line of premium hydrocracked lubricants and engineering services. The Hydroclear(R) product line serves industries ranging from automotive and heavy-duty trucking fleets, injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. , mining and power generation to private custom label. http://www.conoco.com |
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