SupplySolution and Peregrine Systems Announce Strategic Relationship
11 October 2000
SupplySolution, Inc. and Peregrine Systems Announce Strategic RelationshipPeregrine's Real-Time XML Translation Enhances SupplySolution's Inventory Management Solution for Automotive Manufacturers and Suppliers SAN DIEGO, Oct. 10 SupplySolution, Inc., a company providing Internet-based collaborative supply chain services, today announced an agreement with Peregrine Systems, Inc., the leading provider of Infrastructure Management software, employee self service solutions and e- Business connectivity, that will enhance its collaborative inventory management solution for automotive suppliers. Under the agreement, SupplySolution will utilize Peregrine's Power.Enterprise!(TM) and other services being hosted on Peregrine's Get2Connect.net(SM) business portal for XML and other varied data translation, bringing true any-to-any capabilities to its flagship service, i-Supply(TM), a web-based direct material fulfillment service connecting Tier-1 automotive buyers to Tier-2 sellers real-time. Peregrine also brings to the table relationships with more than 10,000 existing automotive customers and will be working with SupplySolution to address their business-to-business needs. The two companies announced the relationship at PLANET(R) 2000 San Diego, a strategic business-to-business conference bringing together more than 7,000 industry decision makers committed to gaining a competitive advantage in The New Economy. Peregrine's translation technology will be embedded in i-Supply's web- based service, which provides a streamlined method of collaborative inventory management. The i-Supply Service provides real-time online collaboration for fulfillment of direct materials. Power.Enterprise! will enable the service to perform real-time translation between XML and other legacy protocols so that SupplySolution can transmit the inventory data between i-Supply and its customers. "Through this agreement, SupplySolution will enjoy the dual benefits of further enhancing our data transformation capabilities, as well as leveraging Peregrine's global infrastructure to extend our worldwide reach," said Steve Bell, president, founder and CEO of SupplySolution, Inc. "Concurrently, Peregrine's 10,000 automotive customers provide an exciting opportunity for introducing the i-Supply(TM) Service, the only operational web-based direct material fulfillment system allowing them to fully integrate their business process with their supply chains." "We are excited about supporting i-Supply's development with robust XML translation capabilities," said Steve Gardner, CEO at Peregrine. "In today's economy, e-Business applications must be able to connect the dots between new and existing standards and protocols. At Peregrine, we develop our tools with easily adaptable translation, mapping and connectivity capabilities to do just that." i-Supply, and its suite of application services, dramatically increases efficiency and accuracy in planning, ordering and inventory control, as well as enabling an unprecedented level of collaboration between buyer and seller. The i-Supply(TM) Service creates a fundamentally more efficient and economical method of fulfilling direct material needs. By providing automotive suppliers with direct, real-time information from their customers' Enterprise Resource Planning (ERP) systems, suppliers can effectively manage inventories and work "in-sync" with their customers. This type of collaboration greatly reduces "just-in case" inventories, premium freight, stock-outs and administrative costs for both customers and suppliers.