Global Food Exchange is Honored Among Most Successful E-commerce Providers by Jupiter Media Metrix.Business Editors, High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. & Food/Wine Writers ATLANTA--(BUSINESS WIRE)--Dec. 18, 2000 Global Food Exchange, the leading provider of web-based software for the perishable per·ish·a·ble adj. Subject to decay, spoilage, or destruction. n. Something, especially foodstuff, subject to decay or spoilage. Often used in the plural. foods industry, has been ranked among the top 25 largest independent Net Markets and as the number one net market in the food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. category. Global Food Exchange ranked 17th in Jupiter Jupiter, in Roman religion and mythology Jupiter, in Roman religion and mythology, the supreme god, also called Jove. Originally a sky deity associated with rain and agriculture, he developed into the great father god, prime protector of the state, Net Market Makers' "The Ground Zero 25", a listing of the 25 largest independent net markets. The ranking, which highlights the Web's most effective e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. sites, is based on information obtained from Securities and Exchange Commission (SEC) documents and surveys sent to approximately 1000 international Net Markets. Global Food Exchange software enables food retailers, wholesalers and their suppliers to buy and sell perishable products such as produce, meat and seafood seafood Edible aquatic animals excluding mammals, but including both freshwater and ocean creatures. Seafood includes bony and cartilaginous fishes, crustaceans, mollusks, edible jellyfish, sea turtles, frogs, sea urchins, and sea cucumbers. , more efficiently. Web-based e-commerce is especially valuable in the perishable foods industry, where 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. and other communication technologies have been ineffective. By closely monitoring orders as they move through the supply chain, retailers, wholesalers and distributors can better manage inventories, reduce mistakes, and minimize expensive spoilage spoilage decomposition; said of meat, milk, animal feeds especially ensilage. losses. Global Food Exchange software provides the following benefits:
-- Reduces product waste
-- Improves product availability in the retail store and brings a
fresher, higher quality product to the consumer
-- Lowers administrative costs by eliminating data reentry,
faxes, phone calls and paperwork
-- Reduces logistics cost
-- Allows faster response to market changes caused by weather or
changing consumer demand
-- Improves cash flow management and reduces inventory
"We've grown quickly as an e-commerce provider because we've focused on the perishables industry, where we can provide tremendous value," said Mark Moore Mark Moore (born March 10 1964, in London) is a British dance music record producer and DJ. He was founder of the pop band S'Express, and runs the London nightclub night " Electrogogo". , President of Global Food Exchange. "Our software allows suppliers to provide up-to-the-minute information on pricing and availability, and allows buyers to procure To cause something to happen; to find and obtain something or someone. Procure refers to commencing a proceeding; bringing about a result; persuading, inducing, or causing a person to do a particular act; obtaining possession or control over an item; or making a person product much more efficiently. Additionally, our fresh seafood auction has increased our transaction volume significantly." Jupiter Net Market Makers included the following companies in their "The Ground Zero 25" ranking:
Rank Company Industry
1 Onvia MRO
2 VerticalNet Multi-Industry
3 Virtual Chip Exchange Electronics
4 Ventro (Chemdex) Life Sciences
5 FreeMarkets Industrial Supplies
6 eSpeed Electronics
7 SciQuest Scientific Equipment
(Life Sciences)
8 Global Sources Retail
9 TestMart Scientific Equipment
10 Neoforma.com, Inc. Healthcare
11 PartsBase Aerospace
12 Datastream Systems (iProcure) MRO
13 Mercateo.com Professional Services
14 BulkDrugs.com Pharmaceuticals
15 Powersource Online Electronics (Computers)
16 NVST.com, Inc. Financial Services
17 Global Food Exchange Food & Beverage
18 Verida Internet (AgriPlace) Agriculture
19 vertacross Industrial Equipment
20 IMX Exchange Financial Services
21 LiveListings Automotive/Parts
22 Greentrac.com Lawn Turf Services
23 econia.com AG Goods & Services
24 AgEx.com Agriculture
25 20TONS.com Plastics
About Global Food Exchange Global Food Exchange provides web-based software for perishables management. The software increases buying and selling efficiency, reduces product waste, reduces inventory and logistics costs, and allows quicker response to changing market conditions. Global Food Exchange was developed for grocery, foodservice and manufacturing companies in the perishables food industry. For more information call (404) 872-4489 or visit www.GlobalFoodExchange.com. About Jupiter Media Metrix Jupiter Media Metrix is the global leader in market intelligence for the new economy. The Company delivers innovative and comprehensive Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the measurement, analysis, intelligence and events to provide businesses with unmatched global resources for understanding and profiting from the Internet. Jupiter Media Metrix brings together world-class, innovative and market-leading products, services, research methodologies and people. Jupiter Media Metrix brands include Media Metrix, AdRelevance, Jupiter Research, Jupiter and Net Market Makers Events. The Company is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and operates worldwide, across the Americas, Asia Pacific, Europe (as Jupiter MMXI MMXI Media Metrix Europe), and the Middle East. Visit us at http://www.jmm.com for more information. |
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