Pantellos Contracts with SAIC for Technology Services.Energy Editors/Business Editors THE WOODLANDS, Texas--(BUSINESS WIRE)--March 17, 2004 Business Agreement Further Accelerates Greater Innovation and Delivery of Supply Chain Solutions for Utility and Energy Industries In order to accelerate its service development and delivery capabilities, Pantellos today announced an outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. agreement with SAIC SAIC - http://saic.com. , the nation's largest employee-owned research and engineering company, for the labor and performance services of its information technology platforms. As of March, SAIC will provide the labor required to operate, support and maintain Pantellos' information technology infrastructure, including the Pantellos eMarketplace, all hardware infrastructure, software applications and content services. SAIC will also provide integration services required between the Pantellos eMarketplace and customers' existing procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ), enterprise asset management (EAM (1) (Enterprise Asset Management) The management and control of the information technology assets within the enterprise. The asset management repository includes a description of the asset as well as contract information pertaining to its acquisition. ), and accounts payables (A/P A/P Airport A/P Accounts Payable A/P Advanced Placement (education) A/P Anterior/Posterior A/P Active/Passive A/P Assessment & Plan (medical) A/P Automatic Pilot A/P Aircrew Personnel ) systems. Pantellos will further drive innovation in all aspects of developing and delivering next-generation supply chain solutions and be able to implement them more quickly as a result of the additional technology skill sets and resources available through this agreement. Current and future Pantellos customers will benefit from greater technology capabilities, increased flexibility and improved service levels. Additionally, Pantellos will further maintain its low cost structure compared to other public or private e-marketplaces, as well as its strong financial position. "Working with SAIC allows us to continue to improve our focus on innovation and on delivering and implementing supply chain solutions that help our customers measurably reduce costs, increase supply chain efficiencies and improve internal service levels for bottom line impact," said Jim Neikirk, president and chief executive officer of Pantellos. "We look forward to extending and expanding our solutions portfolio and business opportunities with SAIC to further meet the needs of our customers." This agreement also enables SAIC to offer technologies, support operations and services to other 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 eMarketplaces, leveraging a core infrastructure and intellectual capital to help reduce cost, increase reliability and enable further innovation. To help support this effort, SAIC has offered the majority of Pantellos Technology Services and Support Center employees positions within the company. Those employees will transition to SAIC during the first quarter of 2004 and are expected to work on the Pantellos account and implementation of the agreement. "Pantellos has utility supply chain expertise, technology experience and proven results," said Kris Hillstrand, SAIC senior vice president, Utilities and Power. "The organization has demonstrated that the B2B eMarketplace concept and business model works and produces tangible benefits for customers. We look forward to working with Pantellos to help them expand their technology capabilities so they can better serve their current and future customers." About SAIC SAIC is the nation's largest employee-owned research and engineering company, providing information technology, systems integration and eSolutions to commercial and government customers. SAIC engineers and scientists and consultants work to solve complex technical problems in national and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , energy, the environment, space, telecommunications, health care, and logistics. More information about SAIC can be found at www.saic.com. About Pantellos Pantellos is the leading supply chain services company for the utility and energy industries. Built by the industry, for the industry, Pantellos delivers deep industry knowledge and expertise around a broad suite of supply chain tools and services to its trading community of more than 30 buyer and 500 supplier companies. Pantellos Marketplace solutions enable customers to electronically transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting on a host of direct and indirect goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. through either direct integration with its Marketplace or via managed Web solutions. Since inception, utilities have used Pantellos to source, 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 and manage more than 100 categories of products and services. Pantellos supply chain services include: supply management services, enterprise sourcing services, services management solutions, electronic settlement solutions and program implementation. Pantellos is based in The Woodlands, Texas, USA. For more information visit: www.pantellos.com. |
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