DirectNet Solutions Releases VendorNet Stock PO Manager.Business Editors/Technology Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Oct. 1, 2002 New Retailer/Supplier Online Collaboration Technology Reducing Operational And Inventory Expenses For Early Adopters DirectNet Solutions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced today limited availability When customers of the PSTN make telephone calls, they commonly make use of a telecommunications network called a switched-circuit network. In a switched-circuit network, devices known as switches are used to connect the caller to the callee. of its newest addition to the company's flagship VendorNet product suite - VendorNet Stock PO Manager. Included in VendorNet Version 3.1, the new technology enables online collaboration between bulk order suppliers and multi-channel retailers drastically reducing operational and inventory expenses. VendorNet Stock PO Manager resolves revenue impacting communication and visibility issues currently hindering hin·der 1 v. hin·dered, hin·der·ing, hin·ders v.tr. 1. To be or get in the way of. 2. To obstruct or delay the progress of. v.intr. retailer's inventory purchasing, replenishment replenishment the addition of an appropriate quantity of properly prepared solution containing the correct concentration of chemicals to the developer solutions used in radiography. , order tracking, and invoicing processes. Through a web-based interface, VendorNet Stock PO Manager creates a real-time communication link between retailers and suppliers enabling intelligent management of the entire inventory supply chain process. Whether a supplier is located domestically or abroad, VendorNet Stock PO manager delivers a solution that simplifies ordering, improves order visibility, lowers inventory and shipping costs, and enhances retailer and supplier relationships. "VendorNet Stock PO Manager brings tremendous value to the retailer and supplier business community because it replaces what is today a largely manual process," states Sharon Gardner, president at DirectNet Solutions. "With the ability to communicate in real time, retailers have more confidence and control over the supply chain allowing them to make more intelligent business decisions to improve bottom-line revenue." This technology provides online visibility and monitoring throughout the entire lifecycle of an order to ensure proper processing and handling - from point of inception, to delivery to the warehouse, through invoicing. As retailers issue purchase orders, suppliers can immediately retrieve and acknowledge receipt via the web-based interface. If order modifications are required, suppliers can make the changes online giving retailers instant access for approval processing. This online collaboration between retailers and suppliers dramatically decreases the turn around time for order placement and approval, and alleviates potential inventory short falls or overages. VendorNet Stock PO Manager also incorporates automated Advanced Shipment Notification (ASN (1) (Autonomous System Number) A unique identifier of an autonomous system on the Internet. Of the 65 thousand ASNs available, more than 30 thousand have been assigned to ISPs and NSPs. ISPs usually have only one ASN, but NSPs may have more than one. ) processing and UCC An abbreviation for the Uniform Commercial Code. 128 barcode generation for the suppliers, which triggers alerts to a retailer's Warehouse Management System enhancing inventory receipt and deployment planning Operational planning directed toward the movement of forces and sustainment resources from their original locations to a specific operational area for conducting the joint operations contemplated in a given plan. . Automated invoice matching and order exception management functions expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. processing and reduce personnel requirements. VendorNet supports all levels of supplier sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. . Its simple-to-use web interface allows suppliers to access orders for acknowledgement, and to print or import orders directly to their own processing system. VendorNet Stock PO Manager also supports multiple languages and currencies to accommodate international suppliers. Invoicing and payment processing is also streamlined through automated currency conversions. "VendorNet Stock PO Manager is going to save an inordinate amount of time and manual effort in dealing with our bulk order suppliers," says Madge Kellick, manager of inventory planning at The Wine Enthusiast Company. "A significant number of these suppliers are international, which means longer lead times in every step of the inventory order and invoicing process, communication barriers due to language and time differences, and the obvious currency issues. With VendorNet Stock PO Manager, we essentially have electronic clerks that eliminate these obstacles. We should see our order placement to inventory receipt time cut by days if not weeks. It should also allow us to extend our product offerings by making products part of our inventory that were previously not considered simply due to logistics." The Wine Enthusiast Company is one of DirectNet Solutions' beta customers for VendorNet Stock PO Manager. The module is scheduled for General Release in Q1, 2003. VendorNet Stock PO Manager complements DirectNet Solutions' VendorNet Dropship Manager, released earlier this year, which automates the information flow between businesses that sell direct to consumers and ship direct from suppliers. About DirectNet Solutions, LLC DirectNet Solutions delivers web-based supply chain management solutions to multi-channel retailers enabling real-time collaboration with suppliers. Its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , VendorNet, establishes a powerful foundation for solutions that dramatically improve supply chain processes, reduce costs, and strengthen retailer/supplier relationships. Its open and flexible platform enables retailers to electronically link to suppliers regardless of their level of sophistication. DirectNet Solutions' growing client base includes leading retail, 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. and e-commerce companies such as Levenger Company, Cornerstone Consolidates Services Group, Inc., Hammacher Schlemmer & Company, Inc., Sensational sen·sa·tion·al adj. 1. Of or relating to sensation. 2. Arousing or intended to arouse strong curiosity, interest, or reaction, especially by exaggerated or lurid details: Beginnings, TigerDirect, Inc., CompactAppliance.com, and The Wine Enthusiast Company. For more information, visit http://www.directnetsolutions.com. |
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