TradeMC Selects Atlas Commerce Software to Power Supply-chain Management Marketplace.Business/Technology Editors MALVERN, Pa.--(BUSINESS WIRE)--Oct. 10, 2000 Atlas Commerce, a leading provider of Internet business applications, today announced that TradeMC, a cross-industry e-procurement marketplace for capital and indirect goods, has selected Atlas Metaprise Software(TM) to enable its supply chain eHub and power its business to business service. TradeMC maintains a marketplace of strategically sourced capital goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods , such as fabricated steel, valves, pipes and fittings, and pressure vessels, in addition to indirect goods, such as office supplies, furniture, computers, networking equipment, and promotional merchandise. TradeMC will use Atlas Metaprise Software(TM) for deploying and managing its online markets, enabling trading partners to collaborate, automating inter-enterprise business processes, aligning resources across multiple suppliers, improving demand forecasting and conducting global transactions. TradeMC operates its marketplace to deliver tangible benefits, such as lower cost of goods, improved margins and faster response times. "Atlas Commerce shares our vision as to the desired state of e-procurement offerings. Their hosted application will enable our customers efficient access to the community of strategically sourced capital and indirect goods suppliers that we have been building for the past 24 months," said John Hopkins, 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. of TradeMC. "We selected Atlas to provide the software for our marketplace based upon its proven record as a flexible solution for managing complex buyer and supplier relationships, automating multi-tier supply chains, and ability to support global multi-language and multi-currency requirements. We expect that Atlas Commerce will provide our customers with another competitive edge." "Atlas is excited about the opportunity to partner with TradeMC and helping to advance its value proposition for marketplace participants," said Dan Tiernan, president and co-founder of Atlas Commerce. "Our relationship with TradeMC also affords us the opportunity to work with their customers to make private collaborative supply-chain management a true competitive advantage." Atlas Metaprise Software(TM) is an Internet application for deploying and managing supply-chain eHubs; enabling trading partners to share collaborative, inter-enterprise business processes, align resources across multiple suppliers, improve demand forecasting, and conduct transactions globally. These capabilities deliver tangible benefits for Atlas customers and their trading partners, such as increased revenue, lower cost of goods, improved margins, and faster response times. This flexible technology enables seamless integration with leading enterprise applications. TradeMC is leveraging the capabilities of Atlas Commerce to help its members save time by consolidating procurement through its preferred suppliers, while at the same time connecting to other Internet exchanges. About TradeMC Founded by IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE NYSE See: New York Stock Exchange :IBM) and Fluor Corporation (NYSE: FLR FLR Floor FLR Florence, Italy (Airport Code) FLR Flare FLR Florida Lambda Rail FLR Forest Land Reserve FLR Forward-Looking Radar FLR Female Led Relationship FLR Force of Lower Readiness ), TradeMC works with suppliers of capital 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. to eliminate supply chain inefficiencies, substantially reducing the costs of these goods and services while maintaining product quality and preserving supplier margins. TradeMC offers buyers access to its price-advantaged supplier relationships via the Internet and traditional channels. TradeMC's technology offerings are designed to expedite buyer implementations, minimize cost and facilitate full buyer/supplier collaboration. Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. (NYSE: RY, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : RY) is a TradeMC anchor/equity participant. TradeMC is headquartered in Dallas, Texas. For more information visit www.trademc.com. About Atlas Commerce Atlas Commerce delivers Internet business applications for private e-hubs. Atlas enables global organizations to turn their existing business partnerships into competitive advantage by automating sourcing processes, improving management of supply and demand, and integrating commerce transactions across their entire value chain. The company demonstrates its expertise with support for strategic sourcing of direct materials; global commerce transactions; multi-tier supplier relationships; collaborative planning, forecasting, and replenishment Collaborative Planning, Forecasting, and Replenishment (CPFR) is a concept that aims to enhance supply chain integration by supporting and assisting joint practices. CPFR seeks cooperative management of inventory through joint visibility and replenishment of products throughout the ; and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. integration with legacy applications and trading exchanges. Atlas offers proven value, helping its customers achieve increased revenue, lower cost of goods sold Cost of goods sold The total cost of buying raw materials, and paying for all the factors that go into producing finished goods. cost of goods sold , improved margins, and faster response times. Founded in January 1998, Atlas Commerce is headquartered in Malvern, PA, with offices worldwide. For additional information, please call 610-240-0600, or visit the web at http://www.atlascommerce.com Atlas Commerce is a Safeguard Scientifics (NYSE: SFE See Sydney Futures Exchange. ) partner company. |
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