Prophet 21 Releases Trading Partner Connect Version 8.0; Internet Trading Network Continues to Improve Services for Members.Business Editors/High-Tech Writers YARDLEY, Pa.--(BUSINESS WIRE)--March 10, 2003 Prophet 21 announced today the release of Trading Partner Connect version 8.0. Prophet 21 provides distributors and manufacturers/suppliers with technology solutions that help them increase sales, improve customer service, and reduce operating costs operating costs npl → gastos mpl operacionales . Trading Partner Connect, an Internet trading network, streamlines the commerce process between distributors, manufacturers/suppliers, and end-users. "Trading Partner Connect 8.0 delivers new features and tools that will increase ease-of-use and functionality for trading partners," says Chuck Boyle, Prophet 21 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. . "This version also strengthens the infrastructure of the network." Streamlined Dead Stock Purchasing Trading Partner Connect 8.0 features an enhancement in which the dead stock database is queried when a member's purchasing agent Noun 1. purchasing agent - an agent who purchases goods or services for another agent - a representative who acts on behalf of other persons or organizations begins his processes, allowing him to buy dead stock - at a discounted price - from other trading partners. This will give members additional opportunities to sell their obsolete inventory Obsolete Inventory Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company. . "The integration marries the timing issue with the dead stock issue - and that's significant," says Lee Eagan, CEO of Oliver H. Van Horn. "This will lead to a significant reduction in dead stock, as well as a margin increase for those who 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 the dead stock." "If someone makes 20 percent on an item when they buy it from their supplier, they could make 40 percent when they buy it as dead stock from another distributor. And the best thing is, they'll buy it when they really need it," continues Eagan. "One guy gets rid of his dead inventory and the other guy makes more money - it sounds like a win-win to me." News Alerts Other new tools available to members of the Internet trading network include alerts when new manufacturer lines available for rationalization rationalization, in psychology: see defense mechanism. , encouraging trading partners to rationalize ra·tion·al·ize v. 1. To make rational. 2. To devise self-satisfying but false or inconsistent reasons for one's behavior, especially as an unconscious defense mechanism through which irrational acts or feelings are made to appear as many lines as possible for maximized sourcing. To aid in this process, members may view the number of items that they have rationalized in a line, as well the total number of items in that line available for rationalization. This dynamic list will also include which vendors are included for each line. Alerts will also notify members when a new member joins, encouraging new partnerships. All members are listed in an online directory, which is personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. for each member to indicate members with whom trading relationships have been established. Pricing and Availability Trading Partner Connect version 8.0 is currently available. For additional information and pricing, please visit www.p21.com or call 1-800-PROPHET. Existing customers can contact their Prophet 21 Inside Sales Representative directly. About Trading Partner Connect Trading Partner Connect, Prophet 21's Internet Trading network, is the industry standard for distributors and manufacturers who want a secure, fast, and reliable network in which to share information and conduct e-commerce. Trading Partner Connect streamlines the commerce process between distributors, manufacturers/suppliers, and end-users, thereby increasing sales and improving customer service while reducing operating costs. Through Trading Partner Connect, distributors can access millions of items, enabling them to compete on a larger scale and improve customer service. Distributors further benefit from eliminated 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. VAN charges and dead stock reduction. Trading Partner Connect also provides distributors with a Web-based storefront to give end-users online customer service as well as ordering capabilities 24 hours a day, seven days a week. Manufacturers benefit as well, by improving their ability to interact with distributors, reducing supply chain costs, more accurately predicting consumer usage of their products, and increasing sales. Trading Partner Connect consists of four components: 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 Alliance, B2B Marketplace, B2B Gateway Business-to-Business (B2B) Gateway Business-to-Business (B2B) Gateways integrate data from back-end systems enabling information exchange across trading partners. , and B2B Seller. About Prophet 21 Since 1967, Prophet 21 has been a leader in providing durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. distributors with innovative, adaptive solutions essential for running their businesses. With more than 2,000 customers and 70,000 users conducting over $35 billion in highly complex supply chain transactions annually, Prophet 21 is a true business partner, helping companies of all sizes leverage technologies and maintain a competitive advantage. Through its business technology and services, Prophet 21 seeks to streamline customers' business processes and reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). to maximize profit and growth. Prophet 21 offers enterprise software solutions that provide organizations with powerful, highly customizable applications designed to improve customer service and maximize their return on investment. In addition, the company offers an Internet trading network that streamlines the commerce process between distributors, manufacturers/suppliers, and end-users. A complete line of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. backs all Prophet 21 solutions. For more information about Prophet 21, please visit www.p21.com or call 1-800-PROPHET, ext. 3120. Copyright (C) 2003 Prophet 21, Inc. All rights reserved. Prophet 21 is a registered trademark of Prophet 21, Inc. All other trademarks and registered trademarks are the property of their respective companies. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion