WWRE and viaLink Formalize Alliance to Enhance Synchronized Trading Relationships for the CPG and Retail Industry.Business Editors/Hi-Tech Writers ALEXANDRIA, Va. and DALLAS--(BUSINESS WIRE)--Nov. 12, 2001 Exchange Will Use viaLink's syncLink For Trading In North America; Cites Speed to Value and Billions in Quantified Supply Chain Cost Savings as Key Benefits The WorldWide Retail Exchange (WWRE WWRE World Wide Retail Exchange ), the premier business-to-business exchange for retailers and suppliers, today announced the signing of a definitive agreement with The viaLink Company (Nasdaq:VLNK VLNK Virtual Link VLNK Visited Link ), the first of several preferred partners for data synchronization services. viaLink will provide advanced, commerce-level data synchronization services to WWRE members and their trading partners. "As the marketplace leader for advanced, commerce-level data synchronization, no other solution provider came close to matching syncLink(SM) functionality," said Peter Jueptner, chief commercial officer of the WWRE. "This alliance is an important step towards delivering on the WWRE's commitment to eliminate billions of non-value added cost from the supply chain. Bottom-line, our members and their trading partners can begin to realize tangible cost savings today by accessing real-time product, cost and promotional data. viaLink offers an enhanced level of collaboration and expands our catalog services from base-item to commerce-level data." viaLink pioneered, and first deployed in 1996, the application of advanced, commerce- level data synchronization to the CPG CPG central pattern generators. and retail industry. The company's core service, syncLink, creates commerce "data of record" for each and every product, cost and promotion in a trading relationship. Suppliers, distributors and retailers then use "data of record" as the basis for accurately executing their commerce transactions electronically. "viaLink also extends WWRE's value by solving for the inherent complexities of the multi-tier distribution models like DSD (Direct Stream Digital) See SACD. ," stated Don Norman, chief information officer for the WWRE. "viaLink's capabilities are a key component of our global catalog solution and are also foundational to several advanced supply chain solutions, like collaborative planning, forecasting and replenishment." "Walgreens is encouraged by this agreement because it executes against the founding vision of the WWRE," said John Gleeson, the Vice President of Corporate Strategy for Walgreens. "The Exchange is providing a proven, standards-based approach to product, cost and promotion that will enhance collaboration between WWRE retailers and their suppliers." "viaLink is pleased to have earned WWRE's full support to accelerate the deployment of syncLink. Together, we are committed to create and sustain the critical mass of synchronized trading relationships necessary to the success of collaborative commerce," stated Bob Noe, viaLink's president of consumer packaged goods and retail. About viaLink The viaLink Company (Nasdaq:VLNK) is a leading supply chain management company providing business-to-business electronic commerce services that enable bricks and mortar A store (shop, supermarket, department store, etc.) in the real world. Contrast with clicks and mortar. companies to manage their highly complex supply chain information. viaLink's core service, syncLink(SM), allows manufacturers, wholesalers, distributors, sales agencies (food brokers), retailers and foodservice operators to communicate and synchronize product, cost and promotion information in a more cost-effective and accessible way than has been possible using traditional electronic and paper-based methods. The viaLink Partner Package is a suite of advanced e-commerce services, which give trading partners visibility into product movement through the supply chain and enable more collaborative business processes. These services include clearLink(SM), promoLink(SM), honor check-in and sbtLink(SM). For more information, visit viaLink's website: www.vialink.com. About the WWRE The WWRE is the premier Internet-based business-to-business exchange in the retail e-marketplace. The Exchange was created with the fundamental purpose of reducing costs and improving efficiencies throughout the supply chain, employing product and service solutions typical of a global procurement and supply operation. Designed to facilitate and simplify trading between retailers, suppliers, partners and distributors, the WWRE currently consists of 59 retail members from Africa, Asia, Europe, North America and South America with combined sales of over U.S. $830 billion. To date, the WWRE has saved its members over $212 million through the use of online negotiations, its first product offering. For more information, visit the website at www.wwre.org or www.worldwideretailexchange.org. WWRE Members: AEON Co., Ltd (Japan, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 8267) Albertson's (U.S., NYSE NYSE See: New York Stock Exchange : ABS) Auchan (France) Best Buy (U.S., NYSE: BBY) The Boots Company (U.K., LSE LSE - Language Sensitive Editor : BOOT.L) C&A Europe (Belgium) Casino (France, Parisbourse: 12558) Coop Italia (Italy) Coop Schweiz (Switzerland) Cora (France, PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. : 06176) CVS/pharmacy (U.S., NYSE: CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. ) Dairy Farm International (Hong Kong, SES: DAIR.SI/Reuters, DAIRYNEW SP/Bloomberg) Dansk Supermarked (Denmark) Delhaize Group (Belgium, BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). : DEL) Dixons Group plc (U.K., LSE: DXNS) Edeka (Germany) El Corte Ingles (Spain) Galeries Lafayette (France, Parisborse: 12124) Gap Inc. (U.S., NYSE: GPS) Giant Eagle (U.S.) H.E. Butt Grocery Company (U.S.) Hy-Vee (U.S) J.C. Penney (U.S., NYSE: JCP) John Lewis (U.K., JLH) Kesko (Finland, HEX: KES KES In currencies, this is the abbreviation for the Kenyan Shilling. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) Kingfisher (U.K., LSE: KGF kgf abbr. kilogram force ) Kmart Corporation (U.S., NYSE: KM) Laurus (The Netherlands) Longs Drugs (U.S., NYSE: LDG) Lotte Group (South Korea, Q.LOT) Makro Asia (Bangkok) MARKANT (Germany) Marks & Spencer (U.K., LSE: MKS) Meijer, Inc. (U.S.) Otto Versand (Germany) Publix Super Markets (U.S.) RadioShack Corporation (U.S., NYSE: RSH) REWE (Germany) Rite Aid Corporation (U.S., NYSE, PSE: RAD) Royal Ahold (The Netherlands, NYSE: AHO) SCA Hygiene Products (Sweden) Safeway Inc. (U.S., NYSE: SWY) Safeway plc (U.K., LSE: SFW.L) Schlecker (Germany) Seibu Department Stores Ltd. (Japan) ShopKo Stores, Inc. (U.S., NYSE: SKO) Sobeys Inc. (Canada, TSE: SBY) SUPERVALU INC. (U.S., NYSE: SVU) Target Corporation (U.S., NYSE: TGT) Tengelmann Group (Germany) Tesco (U.K., LSE: TSC.OL) Toys R Us (U.S., NYSE: TOY) Wakefern Food Co. (U.S.) Walgreen Co. (U.S., NYSE: WAG) Wegmans Food Markets Wegmans Food Markets, Inc. is a 71-store U.S. regional supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, and Maryland. History Wegmans is a family-owned company, founded in 1916 by John and Walter Wegman. , Inc. (U.S.) Winn-Dixie Stores, Inc. (U.S., NYSE: WIN) Wooltru Ltd. (South Africa, JSE JSE See: Johannesburg Stock Exchange : WLO) Woolworths (Australia, ASX ASX See: Australian Stock Exchange : WOW) |
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