Descartes Announces Global Logistics Network.Business Editors WATERLOO, Ontario--(BUSINESS WIRE)--March 7, 2000 Multimodal Two or more modes of operation. The term is used to refer to a myriad of functions and conditions in which two or more different methods, processes or forms of delivery are used. On the Web, it refers to asking for something one way and receiving the answer another; for example requesting Logistics Network Provides Infrastructure and Network Effects for Global Logistics Community, New Transportation Exchanges and E-Marketplaces The Descartes Systems Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra ), (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) ), a leading provider of business-to-business e-commerce solutions, today announced the Descartes Global Logistics Network, an enabling information infrastructure and e-fulfillment community that enables Descartes customers to reap time-to-market benefits and global network effects. The company believes the Global Logistics Network is the largest Internet logistics network in the world. The Descartes Global Logistics Network is offered to all organizations seeking to leverage the Internet for revenue creation opportunities or to streamline fulfillment processes. The Descartes Global Logistics Network includes Descartes' e-fulfillment information infrastructure and the community of connected network participants. This information infrastructure provides participants with an open, scalable, single point of connection to one another via the public Internet, virtual private networks and wide area networks, letting them communicate with one another via 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. , 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. , flat files, Web forms and wireless devices. Once connected, a participant can conduct paperless business transactions with all other network members without having to master and manage individual data translations and integration points, dramatically reducing integration costs and improving business model agility. Participants also have full visibility of logistics events across the network, and can use Descartes' enabling software to manage and optimize global logistics flows. In addition, they have the ability to tap into a wide array of present and future services offered by Descartes and by other network participants. This first-of-its-kind network will accelerate the adoption of B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. logistics, create market efficiencies and enable global economies of scale between thousands of shippers, receivers, carriers, freight forwarders An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. , third-party logistics A third-party logistics provider (abbreviated 3PL) is a firm that provides outsourced or "third party" logistics services to companies for part, or sometimes all of their supply chain management function. providers, e-marketplaces, vertical portals A Web site that provides news, articles and services to a particular industry such as IT, finance and retail. It is the industry-specific equivalent of the general-purpose portal on the Web. Also called a "vortal." See portal, corporate portal, business intelligence portal and Web hub. and transportation exchanges. Participants can use the network for private, semi-private and public business processes, including building their own marketplaces and exchanges on top of the network. Current Global Logistics Network participants include large global shippers and logistics providers such as TNT TNT: see trinitrotoluene. TNT in full trinitrotoluene Pale yellow, solid organic compound made by adding nitrate (−NO2) groups to toluene. , Exel, Ericsson, Sun, and Foster's, as well as hundreds of air carriers, ocean carriers and truck carriers. Millions of transactions a month currently run across this multimodal network, and the number of transactions is expanding rapidly. "As a direct result of the customer-empowering impact of the Internet, customers are demanding seamless, global logistics processes and reliable, transparent delivery service," said Peter Schwartz, Descartes' Chairman and 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. . "To meet these requirements, today's physical logistics infrastructure must be complemented by a high-speed information infrastructure that connects all transportation modes and geographies. Descartes' Global Logistics Network provides that end-to-end information infrastructure." "Unlike middleware and portal tools providers, and enterprise application vendors, Descartes is creating a robust B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business logistics network that can be leveraged by all participants," continued Schwartz. "The value of the Global Logistics Network extends far beyond the enabling infrastructure, technology and hosted software solutions we provide. It resides in the community of participants who streamline business processes and create new portals, exchanges and business models on top of the network." "Logistics has always been about access to physical networks, but now it is clear that to compete in today's Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. , you also need access to information networks," said Dan Avramovich, senior vice president of solution development at Exel Logistics. "Descartes' Global Logistics Network is the only scalable, multimodal information network that is operating today. As participants in this network, we will be able to rapidly deploy new e-fulfillment models for our customers and leverage network effects." Network Effects The Descartes Global Logistics Network is designed to produce network effects and global economies of scale for all participants. These network effects include: - Real-time supply/demand balancing - Volume aggregation for lower transportation costs - Co-mingling and merge in transit - Improved capacity utilization across global, multimodal networks - Single point of connection to other community participants - Public, private and semiprivate networks - Rapid construction of new fulfillment hubs - Increased fulfillment velocity via collaborative logistics activities - Ability to tap into wide array of present and future services Shipper SHIPPER. One who ships or puts goods on board of a vessel, to be carried to another place during her voyage. In general, the shipper is bound to pay for the hire of the vessel, or the freight of the goods. 1 Bouv. Inst. n. 1030. Advantages By joining the Global Logistics Network, shippers will be instantly connected to participating suppliers, customers, carriers, freight forwarders, third-party logistics providers, e-marketplaces, vertical portals and transportation exchanges. They will be able to communicate with these participants in real time via a single connection point, using their own data formats and semantics, rather than having to support individual data translations and integration points to each external company. Shippers will also gain full visibility, exception alerting, and performance monitoring for both inbound and outbound logistics activities, in addition to access to automated transaction tools and optimization functionality. Aggregator Advantages The Descartes Global Logistics Network provides a common logistics information infrastructure for logistics service provider, portal, e-marketplace and exchange businesses to deliver a choice of B2B e-fulfillment services to their customers. These services include real-time visibility of orders, volume aggregation, dynamic route optimization, real-time transportation sourcing, rating, auctions, international document management, merge in transit, delivery personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. and yield management. Descartes' growing Global Logistics Network enables these organizations to connect new customers, tap into new markets and rapidly deploy new e-fulfillment service bundles, capturing time-to-market advantages. It supports private, semiprivate sem·i·pri·vate adj. Shared with usually one to three other hospital patients: a semiprivate room. Adj. 1. and public exchange activities. About Descartes Descartes is a leading provider of end-to-end logistics solutions for B2B e-commerce. Descartes' e-fulfillment software and exchange solutions enable companies to create high-speed, high-performance fulfillment networks - aka DeliveryNets(. DeliveryNet solutions empower organizations to deliver reliable, responsive customer service in a profitable manner and to create innovative new products and services. DeliveryNet solutions leverage Descartes' Internet-based Global Logistics Network to integrate the internal and external logistics and fulfillment processes of shippers, receivers, carriers, logistics service providers, e-marketplaces, vertical portals and transportation exchanges. The result is a global e-fulfillment information infrastructure that provides cost saving and revenue opportunities for businesses that need to manage physical product movement. Descartes products are licensed today by more than 850 companies in 35 vertical industries and 50 countries worldwide. For more information about Descartes, visit www.descartes.com All registered and unregistered trademarks mentioned in this release are the property of their respective owners. |
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