Procter & Gamble Partners With Syncra Systems to Deliver Supply Chain Collaboration Network.Business/Technology Editors CHICAGO--(BUSINESS WIRE)--April 17, 2000 Leading Consumer Packaged Goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one Manufacturer to Roll-out CPFR CPFR Collaborative Planning, Forecasting and Replenishment CPFR Collaborative Planning, Forecasting, and Replenishment (merchandising) CPFR Continuous Planning Forecasting & Replenishment CPFR Calling Party Forced Release to Retailers and Suppliers Syncra Systems, Inc., the leader in business-to-business (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 ) supply chain collaboration solutions and Procter & Gamble (NYSE NYSE See: New York Stock Exchange : PG), the world's largest consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and manufacturer announced today that Procter & Gamble has selected Syncra Systems' 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. , Syncra Ct(TM), as its primary trading partner collaboration tool A collaboration tool is something that helps people collaborate. The term is often used to mean collaborative software, but collaboration tools were being used before computers existed, a piece of paper can for example can be used as collaboration tool. for use throughout its extended supply chain trading community over the Internet. In addition, Procter & Gamble will be incorporating Syncra Systems' underlying collaboration technology into its promotional management system, designed to improve communication among internal departments and organizations. Syncra Ct is an Internet-based open, vendor-neutral application fully compliant with the Collaborative Planning, Forecasting and Replenishment (CPFR(R)) guidelines. CPFR is a strategic cross-industry initiative designed to improve the supplier/retailer partnership through co-managed planning processes and shared information. Developed by the Voluntary Interindustry Commerce Standards (VICS VICS Vehicle Information and Communication System VICS Voluntary Interindustry Commerce Standards (Association) VICS Virtual Institute of Caribbean Studies VICS Voluntary Interindustry Communications Standards ) Association, the CPFR guidelines define processes and best practices for establishing and implementing collaborative relationships among trading partners. CPFR represents the next logical step in the development of highly efficient collaborative trading networks. Through Syncra Systems' Internet-based CPFR applications and technology, Procter & Gamble will share forecast and planning information with its major suppliers, distributors and retail trading partners. Through this increased visibility and sharing of forecasts and plans with its trading partners, Procter & Gamble will better identify, understand, and address forecast and planning exceptions. With this knowledge the company is better able to align supply with demand to reduce inventory while increasing service levels. Terms of the agreement and deployment timeframes were not disclosed. "We chose Syncra Systems as our systems provider for this crucial rollout because of their leadership position with CPFR solutions and the openness and technical fit of their product within our vision for a broader collaborative supply chain network," said Ralph Drayer, Vice President, ECR ECR Efficient Consumer Response ECR European Congress of Radiology ECR Electron Cyclotron Resonance ECR El Camino Real (Kings Highway; California) ECR Electronic Cash Register ECR East Coast Radio (South Africa) Worldwide at Procter & Gamble. "The CPFR pilots we have conducted with Syncra Systems during the past year have reinforced the improvements possible with a better collaboration process and information sharing See data conferencing. with our supply chain partners. Syncra Ct highlights problems in the supply chain in a way that supports the collaboration needed to resolve them quickly. By deploying the CPFR process and Syncra Ct across our supply chain, we will realize benefits in reduced inventory costs, increased service levels, improved sales and better consumer value." "We are pleased that the world's leading consumer products manufacturer, Procter & Gamble has selected Syncra Systems for this critical application and we are committed to helping Procter & Gamble and its trading partners achieve significant quantifiable benefits," said Chris Sellers, president of Syncra Systems. "By adopting the principles of CPFR, leveraging their work over the past decade in ECR and utilizing new B2B technologies such as Syncra Ct, Procter & Gamble will continue to lead the industry in building a win-win network of trading partners." About Procter & Gamble Procter & Gamble markets more than 300 brands to nearly five billion consumers in more than 140 countries. Procter & Gamble has operations in 70 countries and employs more than 110,000 people. In fiscal year 1998-99, P&G sales were $38 billion. Procter & Gamble's superior products are based on superior technology. Procter & Gamble's 1,500 M.D. and Ph.D. scientists lead research and development at 19 technical centers around the world. In addition, Procter & Gamble works closely with hundreds of universities and research and technology partners worldwide. About Syncra Systems Syncra Systems, Inc. (www.syncrasystems.com), with offices in Cambridge, Mass., Chicago, Ill., and London, U.K., enables supply-chain collaboration via the industry-standard CPFR guidelines to help manufacturers, distributors, logistics services, and retailers collaborate with their trading partners to significantly reduce inventory and improve customer service levels. Since its inception, Syncra Systems has been an active participant in the development of the CPFR guidelines and a member of the VICS committees. Participating with Syncra Systems in the development and refinement of the CPFR guidelines are leading consulting, manufacturing and retailing organizations including: Andersen Consulting See Accenture. , Eastman Kodak, Federated Connected and treated as one. See federated database and federated directories. Department Stores, JC Penney, Kimberly-Clark, Kmart, Kurt Salmon Associates, Nabisco, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , Procter & Gamble, Wal-Mart and Warner Lambert. Syncra, Syncra Systems and Syncra Ct are trademarks of Syncra Systems. Collaborative Planning, Forecasting and Replenishment is a registered trademark of the Voluntary Interindustry Commerce Standards Association. |
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