Excelligence Learning Corporation Builds Intelligence Into Managing Dropship Orders With VendorNet From DirectNet Solutions.Business Editors/High-Tech Writers MONTEREY, Calif.--(BUSINESS WIRE)--Dec. 9, 2002 Excelligence Learning Corporation (NASDAQSC: LRNS), a retailer of school supplies, today announced it is the first specialty retailer in the industry to automate supplier communications through Internet-based supply chain technology. Powered by VendorNet from DirectNet Solutions, this collaborative solution augments the price advantage Excelligence offers with faster delivery and improved customer service by completely automating order processing, tracking, and invoicing between Excelligence and its dropship suppliers. "One of our goals is to offer our customers superior products at the best-prices possible. That makes efficiency a must for all of our business processes," said Kelly Crampton, vice president and general manager of Discount School Supply at Excelligence. "We knew as soon as we reviewed VendorNet that it would bring significant cost savings and improved efficiency on multiple levels. It eliminates cumbersome manual processes for both us and our suppliers, minimizes our inventory requirements, provides real-time visibility to order status and vendor performance, improves customer satisfaction, and allows us to more easily extend our dropship product selection." VendorNet Dropship Manager is part of DirectNet Solutions' VendorNet suite of products that electronically integrates retailers and suppliers for real-time communication of critical order and invoicing information. VendorNet automates labor-intensive order transaction activities via a web-based platform to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. and synchronize See synchronization. the exchange of information between retailers and suppliers. Excelligence chose a phased implementation process to bring its suppliers online with VendorNet. The first two phases are complete with all suppliers expected to be VendorNet enabled by February 1, 2003. In addition to implementing VendorNet Dropship Manager, Excelligence plans to leverage VendorNet Stock PO Manager to realize additional cost savings and operational efficiencies for bulk inventory shipments to its distribution centers. "Based upon the success we are already achieving with VendorNet Dropship Manager and the ease of implementation, it's a natural progression to move forward with like improvements to our in-house stock operations," stated Crampton. "Both products will allow us to easily expand our supplier networks to offer our customers a better and more diverse product selection." "Excelligence is focused on efficiency, scalability and intelligence, core principals delivered by VendorNet," added Sharon Gardner, president at DirectNet Solutions. "We developed VendorNet to bring real-time intelligence to retailer/supplier communications that have traditionally been encumbered Encumbered A property owned by one party on which a second party reserves the right to make a valid claim, e.g., a bank's holding of a home mortgage encumbers property. by manual processes. With VendorNet, Excelligence can closely align itself with its suppliers to reduce costs, expand sales opportunities, and improve customer service, ultimately benefiting Excelligence, its suppliers, and its customers." About Excelligence Learning Corporation Excelligence Learning Corporation is a developer, manufacturer and retailer of educational products to child care programs, preschools, schools, and consumers, focusing on children from infancy infancy, stage of human development lasting from birth to approximately two years of age. The hallmarks of infancy are physical growth, motor development, vocal development, and cognitive and social development. to 12 years of age. With proprietary product offerings, a multi-channel distribution strategy and extensive management expertise, the Company helps to further children's education and to reinforce the connection between learning at school and at home. The Company is composed of two business segments, the Early Childhood Division and the Elementary School elementary school: see school. Division. Excelligence Learning Corporation is headquartered in Monterey, California For other uses, see Monterey (disambiguation). The City of Monterey is located on Monterey Bay along the Pacific coast in central California. As of 2005, the city population was 30,641. , www.excelligencelearning.com. About DirectNet Solutions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control 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 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. . DirectNet Solutions' 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, Cornerstone Consolidated Services Group, Hammacher Schlemmer, 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, CompactAppliance.com, and The Wine Enthusiast A person who enjoys using computers and electronic equipment. Enthusiasts like technology and are willing to learn more of the ins and outs of a product than the average consumer, who just wants to use it. An enthusiast is more like a "prosumer." See consumer and prosumer. Company. For more information, visit www.directnetsolutions.com. |
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