SupplySolution Announces Second Quarter 2002 Milestones

SOUTHFIELD, Mich., June 28 -- SupplySolution, Inc., the leading provider of supply chain execution applications for manufacturing, distribution, exchange, and supplier organizations, today announced a number of significant milestones achieved in the company's second quarter of 2002, set to conclude at the end of this week. Among the milestones achieved by the organization is the sum total of 203 supply chains under management, and significant benchmark results from a select number of its over 2,000 customers.

The company's i-Supply Service is one of the most widely used fulfillment solutions in the manufacturing industry, providing real-time inventory visibility between trading partners at multiple layers within the supply chain. As of June, 2002, over 203 supply chains are being managed by the i-Supply Service.

Currently, the company has over 2,000 enterprise customers, including over 38% of the top 150 automotive suppliers. Automotive suppliers Freudenberg-NOK and Powers and Sons are among the numerous customers who extended annual service contracts with SupplySolution. In addition, the company continued its new customer acquisition with companies, including leading global Tier-1 supplier Robert Bosch Corporation signing onto i-Supply.

"The continuation of contracts awarded to SupplySolution, as well as the acquisition of notable new customers, are indicators of the results and successes driven by an i-Supply implementation," said SupplySolution CEO Chris Moritz. "We continue to receive tremendous feedback from our client base, who appreciate the flexibility and ease of use of the technology."

An informal assessment of a select number of SupplySolution clients yielded the following average results from implementation of the i-Supply Service:

Average inventory (dollar) reductions of 26.48% Average inventory (days on hand) reductions of 41.22% Average inventory (units) reductions of 33.46% "These results reflect the tangible ROI that our customers continue to see," added Moritz. "In addition, our customers have benefited from expanded functionality, such as automated Kanban, bar code functionality and added language functionalities. While most supply chain vendors are trying to determine how to offer such services, our clients are recognizing significant enhancements in their business -- particularly in their bottom line."

About SupplySolution

SupplySolution is a leading supply-chain execution company, delivering value to manufacturers, distributors, exchanges and suppliers through the implementation of collaborative supply chain applications, including the i-Supply Service, i-GetIt and the SupplySolution Global Infrastructure. Today, i-Supply is one of the most widely used real-time, direct-material fulfillment applications in the automotive industry, in operation at over 2,000 organizations.

SupplySolution was named a Top 100 Emerging Company for 2002 by Computerworld Magazine, and was a finalist in the 2002 Automotive News PACE Award for innovation in the automotive industry. The company's technology headquarters are located in Santa Barbara, California, and its sales and service headquarters are located in Southfield, Michigan. For more information, about SupplySolution, visit www.supplysolution.com .

i-Supply(TM) Service is a trademark of SupplySolution, Inc.