Chicago, IL,
FMI Show – Syncra Systems, Inc., a leading provider of value chain collaboration
solutions, and The WorldWide Retail Exchange (WWRE), the premier Internet-based
business-to-business exchange in the retail e-marketplace, today announced
that the WWRE has selected Syncra Systems to provide enhanced supply chain
collaboration solutions to its members and their trading partners.
“Many of our members are now ramping up their collaborative
initiatives,” said Sally Herbert, CCO at WWRE. “Our
purpose was to find a robust way to support their efforts,
and Syncra’s functionally rich and scalable solution
is well-suited to their needs. We also felt confident in our
selection of Syncra because of the company’s track record
of success at many of the world’s leading manufacturers.”
Retailers and their suppliers are increasingly using collaborative
planning to streamline their supply chains, driving improvements
in service levels, reductions in inventory and increases in
sales. One key area of collaboration in the retail industry
is around promotional events, whereby suppliers get increased
visibility into expected demand surges, thus enabling them
to meet demand while reducing costs and inventory levels.
The structure of the partnership between the WWRE and Syncra
gives retailers and manufacturers the freedom and flexibility
to choose how they collaborate. Companies can collaborate either
directly via the WWRE using Syncra’s software in an ASP
model, or they can integrate their existing internal Syncra
hubs with the WWRE. This offering would include the implementation
support and services required to bridge the internal and external
collaboration efforts and systems.
“This partnership is what the industry has been waiting
for –- a single platform and a common approach to collaboration,” said
Jeffrey Stamen, CEO of Syncra. “Retailers and manufacturers
can now leverage collaboration to drive real cost savings in
their supply chains and real profitability in their promotional
events.”
About Syncra Systems, Inc.
Syncra Systems, Inc. is a leading provider of software and
implementation services enabling supply chain collaboration.
Leading retailers, manufacturers, and their suppliers rely
on our collaborative planning applications to strengthen
their trading relationships by improving service levels,
reducing inventory and logistics costs, and enhancing trust.
We provide the tools to help them coordinate event plans,
forecast demand more accurately, and replenish more efficiently
through an advanced suite of collaborative applications for
planning and managing the alignment of supply and demand.
Syncra Systems can be found on the web at www.syncra.com.
About the WWRE®
The WWRE is the premier Internet-based business-to-business exchange for retailers
and suppliers. Designed to facilitate and simplify trading between retailers,
suppliers, partners and distributors, the WWRE currently consists of 62 members
from Africa, Asia, Europe, North America and South America with combined sales
of approximately U.S. $900 billion. To date, the WWRE has saved its members
over $495 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.
2003, Syncra Systems, Inc. All rights reserved. Syncra, Syncra
Systems, Syncra Ct, Syncra Xt, Syncra Events, Syncra Demand,
Syncra Supply, Syncra Replenishment Planning, Syncra Analyzer,
and SyncUp are trademarks or registered trademarks of Syncra
Systems, Inc. in the US and in other countries. CPFR is a
registered trademark of the Voluntary Interindustry Commerce
Standards Association. All other trademarks mentioned in
this document are the property of their respective owners.
WorldWide Retail Exchange, LLC. All rights reserved.