RosettaNet Global E-Business Standard Reaches Critical Mass in High Technology Sector.Business Editors/High-Tech Writers SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--May 12, 2003 Industry Leaders Standardize Key Business Processes Using RosettaNet; Consortium Continues Expansion Into New Geographies and Markets RosettaNet, the technology industry's leading e-business standards consortium, today announced the release of the organization's 2002/2003 Annual Summary Report highlighting the successful implementations of RosettaNet standards by industry leading companies such as Intel, Nokia, Sony and dozens of other global leaders in the technology industry. The achievement of these implementations mark a point of critical mass for the RosettaNet standard as it continues to outpace new investments in Electronic Data Interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (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 industry alternatives, across the high technology value chain. The driving force behind RosettaNet's continued growth and stronghold in the industry is the commitment of its Board members and Partner companies. Among those leading the charge is Intel, Nokia and Sony, each of which have successfully demonstrated a forward thinking vision in the area of business-to-business integration. For example, Intel publicly announced plans to end EDI business processes company-wide by 2006 and rely on RosettaNet as a key enabler to their future e-business strategy. To date, Intel has implemented RosettaNet as the company's standard for business-to-business integration with 89 of its trading partners in 17 different countries. The company processed more than 10 percent of its revenues and supplier purchases in 2002 using RosettaNet e-business technology standards. As reported, Intel transacted more than US$3 billion in customer orders and US$2 billion in supplier purchases on RosettaNet, increasing by approximately seven times the total amount of business processed via RosettaNet connections in one year. RosettaNet is the primary enabler for Nokia's system-to-system integration with its demand supply network allowing the company to automate the extreme challenge of processing over 10 million components per hour. Currently, the major business groups within Nokia, including suppliers, contract manufacturers, logistics and customers, are involved in RosettaNet implementations across the globe. In 2002, Sony centralized its vendor managed inventory Vendor Managed Inventory (VMI) is a family of business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's system (VMI VMI Virginia Military Institute VMI Vendor Managed Inventory VMI Vertical Motion Index VMI Valtakunnan Metsien Inventointi (Finnish: National Forest Inventory) VMI Video Module Interface ) by connecting with over 90 suppliers using the RosettaNet standard. Like Intel, Sony intends to replace EDI with RosettaNet. Sony's EDI replacement will initially cover their mass-production procurement, but in the longer term RosettaNet will replace EDI for all aspects of Sony's business. "RosettaNet implementations continue to expand across the globe at an astounding a·stound tr.v. a·stound·ed, a·stound·ing, a·stounds To astonish and bewilder. See Synonyms at surprise. [From Middle English astoned, past participle of astonen, rate," said Jennifer Hamilton, RosettaNet 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. . "The emphasis placed upon production implementations by our Board members and the role of RosettaNet standards as an integral part of company e-business strategies has been the underpinning to the consortium's proven success." Over the past few years, RosettaNet Milestone Programs have served as unifying forces within the industry -- driving collaboration to solve critical supply chain challenges, aligning priorities within the high technology trading partner and solution provider communities and speeding development and production implementation. In 2002, RosettaNet production grew in excess of 270%, as measured by Board member company implementations, averaging 53 connections per company. Effectively, 2002 implementation priorities for RosettaNet's Semiconductor Manufacturing Board were in the areas of Forecasted Inventory Management, led by JSR JSR Java Specification Request JSR J Sargeant Reynolds Community College (Virginia) JSR Journal of Sedimentary Research JSR Jump to Subroutine (6502 processor instruction) & NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Corporation; Order Management, led by Motorola; Work-in-Process and Work Order, both led by TSMC TSMC Taiwan Semiconductor Manufacturing Company, Ltd TSMC Taiwan Semiconductor Manufacturing Corporation TSMC Traffic Systems Management Center TSMC Toll Station Management Controller TSMC Transportation Supply Maintenance Command TSMC Technical Services Manager Code . The Electronic Components Board focused on business processes relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Design Engineering and Order Management in Japan, both led by Sony and Ship from Stock, led by Arrow Electronics Arrow Electronics NYSE: ARW is a Fortune 500 company headquartered in Melville, New York. This company specializes in products and services of electronic components and computer products. . In 2003, RosettaNet is expanding into new process areas with the introduction of Warranty Management, Sales Reporting, Payment, Billing, Materials Composition and Third-Party Logistics A third-party logistics provider (abbreviated 3PL) is a firm that provides outsourced or "third party" logistics services to companies for part, or sometimes all of their supply chain management function. Milestone Programs. To date, the consortium has a total of 53 Partner Interface Processes(R) (PIPs(R)) in production, up from 38. In addition to RosettaNet's success around production implementations, the consortium continues to focus on the creation of enablers for rapid and visionary standards development. In 2002, RosettaNet's Architecture Office and Board Members delivered a robust 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 standards roadmap, based upon existing and future e-business capabilities and trading partner network size. As part of this strategic roadmap, several standards infrastructure components, or Foundational Programs, were initiated and completed. Specifically, the consortium released version 2.0 of the RosettaNet Implementation Framework (RNIF RNIF RosettaNet Implementation Framework (RosettaNet) ) core specification, as well as version 3.0 of the RosettaNet Technical Dictionary (RNTD RNTD Rosettanet Technical Dictionary ), each viewed as a key enabler to trading partner adoption and implementation of RosettaNet e-business processes. Software compliance and interoperability also played a significant role with the launch of RosettaNet Ready(TM). To support and enhance the activities around compliance and interoperability, the RosettaNet Solution Provider Board created and led a Software Interoperability Trial and several supply chain companies sponsored Interoperability Festivals throughout Asia. The consortium also launched a Developer Tools Library, complete with no-cost community resources to assist in the creation of tools for RosettaNet implementation and integration. Asia demonstrated its leadership and support for the standard as represented by US$51M in government grants for RosettaNet implementations and projects through 2003. RosettaNet's expansion into the region remains strong with a Malaysia affiliate added in 2002 and a Philippines affiliate announced in 2003. Looking ahead, RosettaNet will continue in its efforts toward growth in global adoption and implementation by expanding into new geographies and industry sectors. For instance, China has already experienced Board member driven implementations and the opportunities for deployment in this region is substantial. The newly formed Telecommunications Council, which will promote open, e-business standards in the telecommunications industry, signifies RosettaNet's intrinsic business value and ability to extend into other vertical markets. RosettaNet's 2002/2003 Annual Summary Report is available online at www.rosettanet.org -- About RosettaNet -- Corporate Information. About RosettaNet RosettaNet is a non-profit consortium dedicated to the collaborative development and rapid deployment of open internet-based business standards that align processes within the global high technology and telecommunications trading networks. More than 500 companies, representing over $1 trillion in annual information technology, electronic components and semiconductor manufacturing revenues, currently participate in RosettaNet standards development, strategy and implementation programs. For more information on the consortium's worldwide activities in the Americas, Europe and Asia, and a complete list of Partner companies, visit www.rosettanet.org. RosettaNet is a subsidiary of the Uniform Code Council, Inc. (UCC An abbreviation for the Uniform Commercial Code. ). |
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