W3Net, Ltd., and Pantellos Announce Interoperability Agreement; Cox Industries and First Energy Corp. First to Conduct Transaction Through Combined Network.Business Editors
YELM YELM Your Ever Lovin' Mom , Wash. & HOUSTON--(BUSINESS WIRE)--March 2, 2004
Supply chain solution companies W3Net, Ltd., and Pantellos announced today that they have established a fully interoperable The ability for one system to communicate or work with another. See interoperability. connection between their respective electronic marketplace transaction hubs.
Leveraging this interconnection, wood-products suppliers and utilities can now 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 the procurement and sales of wood products by "connecting once" to either W3Net or Pantellos. Rather than invest time and resources in building and maintaining expensive point-to-point connections to multiple buyers, suppliers and eMarketplaces, trading partners are now able to minimize their costs by maximizing their existing connections to W3Net and Pantellos.
Moreover, the interoperable connection reduces the management, administrative and data entry costs surrounding traditional transaction processes by providing both suppliers and utilities access to an entire suite of electronic business documents, from Orders and Order Responses to Change Orders and Advance Shipment Notices. By electronically accessing shared data and business documents, trading partners can greatly streamline their supply chain transactions, remove inefficient manual transaction processes and reduce the associated costs.
"We are excited to have partnered with Pantellos in order to reach this corporate milestone, which will help provide our customers the solutions they require to meet their business needs," stated Thomas J. Westbrook, co-founder, 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 W3Net. "We look forward to working with Pantellos to not only further this initiative, but also drive the adoption of electronic commerce solutions throughout the utility industry."
The Interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. Agreement instantly establishes an expanded trading community from which both supplier and utilities will greatly benefit. Pantellos utility customers can then use their existing Pantellos electronic supply chain solutions to complete the electronic procure-to-pay process.
"Pantellos is always looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to help its customers maximize their current investments in electronic supply chain solutions," said Jim Neikirk, president and CEO of Pantellos. "The Interoperability Agreement with W3Net extends to our customers an even larger community with which to transact via the single connection to the Pantellos Marketplace Hub and provides them with yet another opportunity to streamline their business processes in a more efficient and cost-effective manner."
W3Net and Pantellos also announced today that Cox Industries and FirstEnergy Corp. are the first supplier and buyer organizations, respectively, to successfully transact through the interoperable network. Combining the connection between W3Net and Pantellos with the W3Net Supplier Managed Inventory Module (SMI (1) (Storage Management Initiative) The initiative developed by the SNIA in 2003 to create a single standard interface for storage management technologies used by multiple vendors and networking communities. ), Cox Industries can now successfully and efficiently replenish re·plen·ish
v. re·plen·ished, re·plen·ish·ing, re·plen·ish·es
1. To fill or make complete again; add a new stock or supply to: replenish the larder.
2. distribution poles for FirstEnergy in multiple locations across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. through a completely electronic process that simultaneously updates its inventory management system.
"Electronic commerce and our relationships with W3Net and Pantellos are critical to our corporate strategy and our ability to support the needs of our customers in a highly competitive market," commented Greg Campbell
Gregory Dale Campbell (born March 10, 1964, Launceston, Tasmania) is a former Australian cricketer who played in 4 Tests and 12 ODIs from 1989 to 1990. , VP of Cox Industries' Utility Products Division. "By providing unlimited opportunity to transact electronically with current and future customers, W3Net and Pantellos are making it easier and much more cost-effective for us to reach our business objectives."
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 active trading community of more than 30 buyer and 500 supplier companies. Pantellos Marketplace solutions enable customers to electronically transact 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 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.
About W3Net, Ltd.
W3Net, Ltd., (World Wide Wood Network(R)) is a privately owned company with offices in Yelm, Washington Yelm is a city in Thurston County, Washington, United States. The population was 3,289 at the 2000 census. The current mayor is Ron Harding.
Yelm ranked 10th of 279 eligible incorporated communities in population growth between 2000 and 2005. . A company that facilitates the supply chain distribution process between buyers and sellers via its patent pending W3Net CBOS CBOS Cisco Broadband Operating System (R), W3Net(TM) provides information and supply chain management solutions that enable users to conduct business and access critical and timely business information within their enterprise and across their supply chain both from their desktops or remotely. W3Net also operates an electronic marketplace and transaction hub at www.wwwood.net.