DispenseSource Inc. Secures $10 Million Equity Investment.Business Editors RANCHO SANTA MARGARITA Santa Margarita ("Saint Margaret") may refer to:
Rancho Santa Margarita-based DispenseSource Gears Up to Meet Supply Chain Management Challenges in Office And MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Marketplaces DispenseSource, automated inventory management innovator, Thursday announced they have secured a $10 million equity investment led by Mission Ventures of San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . Forrest, Brinkley & Brown of Newport Beach Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. also participated in the investment. DispenseSource will use the financing to expand their sales force, implement business development initiatives and build their operational infrastructure. "The inventory management solutions we provide will have a profound effect on businesses 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. ways to reduce their supply costs and better manage their supply chain," said Jeff Chavez, president 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. of DispenseSource. The inventory management solutions to which Chavez refers are automated dispensing cabinets that operate in a manner similar to an ATM, where users access cabinets with either a password or by swiping a card to remove supplies. The cabinets are strategically located in office settings to house and dispense office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). or within industrial facilities for maintenance, repair and operating (MRO) supplies. The Web-enabled cabinets electronically track usage and are connected to databases that automatically re-order the supplies once they fall below pre-determined minimum quantities. "We see a tremendous market and tremendous potential for this company. DispenseSource Smart Inventory Solutions(TM) will make a significant impact in the supply chain as it relates to the distribution and tracking of indirect materials," said Robert Kibble kibble baked dough that is crushed or cracked. Prepared usually by extruding and then heating-drying the dough. Used as dry food for dogs and cats. , Mission Venture Managing Partner. "DispenseSource has the technology, the management team and the know-how to make this venture a success," he concluded. About Mission Ventures Mission Ventures is a Southern California-based venture capital fund with $288 million currently under management. The firm was established in 1997 by a team of experienced professionals to take advantage of the rapidly growing entrepreneurial activity within the region, as well as fill an underserved need in the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, marketplace for professional quality, early-stage venture capital. Mission Ventures Partner, David Holder and Managing Partner, Kibble serve on the board of directors for DispenseSource. To learn more about Mission Ventures visit www.missionventures.com. About Forrest Binkley & Brown Forrest Binkley & Brown (FBB FBB Female Body Builder FBB Fast Back-To-Back (Cisco) FBB Forward-Body Bias FBB From Backplane Buffer (Cisco) FBB Fury Balrog Blade (gaming) FBB Fiber Broadband Building ) is an established venture capital firm focused on investing in early stage and emerging growth technology companies that offer potential for a substantial increase in shareholder value and exceptional rate of return to investors. With offices in Newport Beach and San Diego, FBB invests primarily in companies located in Southern California. Since its formation in 1993, FBB has invested more than $150 million in 38 portfolio companies. FBB Partner, Douglas R. Wolter, serves as a member of DispenseSource's board of directors. To learn more about FBB visit www.fbbvc.com. About DispenseSource Inc. DispenseSource provides automated, point-of-use inventory management systems for office supplies and maintenance, repair and operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble (MRO) materials. The automated systems are designed to provide uninterrupted access to high-use, consumable office products and MRO supplies via easy-to-use dispensing cabinets. DispenseSource's Smart Inventory Solutions(TM) are placed in corporate and industrial settings so that employees can gain access to supplies and materials whenever they need them without filling out a material requisition form requisition form Lab slip Lab medicine A form used to request specific lab tests–eg, chemistry, hematology, microbiology, cytology, HIV, pathology, etc. See Results. or making a trip to the supply room. With DispenseSource Smart Inventory Solutions(TM), employees simply go to the dispensing unit nearest to them, swipe their ID card or enter their password, select the items they need, hit the re-order button and return to work. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , the dispensing unit captures the user's ID, the type and quantity of the materials removed from the unit, and transmits the information to the DispenseSource Administrator. The Administrator is a database that captures inventory SKUs, and electronically re-orders the materials from the appropriate supplier once the inventory levels fall below a pre-identified "par-level." Smart Inventory Solutions(TM) minimize the need for bulk storage of consumable goods while ensuring that supplies are always on hand. In addition to maintaining a just-in-time inventory of materials, DispenseSource's Smart Inventory Solutions(TM) help reduce the cost of procuring consumable goods by as much as 40% because the re-ordering process is achieved electronically, eliminating high-cost "emergency buys," while simultaneously reducing the incidence of out-of-stock inventory. Automated point-of-use dispensing units are a proven inventory management solution in health care facilities around the world. The units developed by DispenseSource, however, are specifically designed to meet inventory management requirements in corporate settings and MRO environments. To learn more about DispenseSource, visit www.dispensesource.com, call Phyllis Dretzka at 949/766-9933 or send an e-mail to pr@dispensesource.com. |
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