SupplySolution Signs Valeo for Multi-Year
Deal
European Industrial Group Chooses i-Supply(TM) Service
SOUTHFIELD, Mich., March 7 SupplySolution, Inc., leading
providers of supply chain execution applications, has announced its signing of
Valeo, Inc., a global automotive equipment supplier, headquartered in Paris,
France. The announcement was made today by Chris Moritz, president and CEO of
SupplySolution.
Valeo designs, manufactures and sells components, integrated systems and
modules for cars and trucks, both in the original equipment and aftermarket
segments. After participating in a pilot agreement with SupplySolution, Valeo
has signed a 3-year contract to use SupplySolution's i-Supply Service to
manage its inventory efficiently.
Currently, i-Supply is the automotive industry's most widely used Web-
based application for direct material fulfillment, operating at over 750
automotive supplier companies. Implementation of i-Supply directly results in
process improvements, including 30-70% inventory reductions and significant
cost savings, in a period of weeks.
i-Supply is a real-time direct material fulfillment application, providing
suppliers, manufacturers and distributors with instant information from their
customers' Enterprise Resource Planning (ERP) or other legacy systems,
allowing them to effectively manage inventories and work collaboratively with
their supply chain partners. Implementation time for i-Supply can be as short
as two weeks.
About SupplySolution
SupplySolution is the only supply chain execution company currently
delivering value to manufacturers, distributors and suppliers through the
implementation of the i-Supply Service. Today, i-Supply is the most widely
used real-time direct material fulfillment tool in the automotive industry,
with over 750 manufacturing organizations as current subscribers. Within
eight weeks, i-Supply is capable of driving significant cost savings and
process improvements within supply chains such as a 30-70% reduction in
inventory, a 50-90% reduction in premium freight costs and 40-80% reduction in
administrative tasks. SupplySolution has technology partnerships with
Peregrine Systems and webMethods, Inc. The company's technology headquarters
are located in Santa Barbara, Calif. and sales and service headquarters are
located in Southfield, Mich. For more information, visit
http://www.supplysolution.com .
About Valeo
Valeo is an independent industrial Group fully focused on the design,
production and sale of components, integrated systems and modules for cars and
trucks, and ranks amongst the world's top automotive suppliers. The Group has
175 plants, 41 R&D centers, 10 distribution centers and employs 75,000 people
in 25 countries worldwide.