FOR IMMEDIATE RELEASE
For more information contact:
Press Relations
Baxter Planning Systems, Inc.
PR@bybaxter.com
(512) 323-5959 ext. 123
Baxter Connects to Powersource Online's E-Marketplace
AUSTIN, TX - (June 4, 2001) - Baxter Planning Systems Inc. today announced
an alliance with PowerSource Online Inc. that reduces inventory costs and improves
customer service for service organizations that support and maintain computers,
printers, monitors, hard drives and other systems hardware.
The partnership connects users of Prophet by Baxter(TM), a Web-based software
suite that optimizes the supply chain for service companies, with members of
the Web-based, electronic markets that PowerSource Online Inc. operates for
buyers and sellers of new, used, refurbished and surplus computer parts, peripherals
and telecommunications equipment.
PowerSource Online and Baxter will also tune Prophet for use by selected members
of PowerSource Online's worldwide customer base of more than 2000 distributors,
dealers, resellers and service companies.
"Our joint goal is to improve customer service," said Tom Peck, president of
PowerSource Online, which is ranked among the top 25 revenue-generating, Web-based
markets by Net Market Makers, an industry researcher that provides information,
analysis and community to business-to-business intermediaries making markets
on the Internet.
"We are integrating supply-chain software for service companies with the industry-leading
electronic markets for spare parts. This puts the inventory that service companies
need into their hands, quickly, electronically. The service company doesn't have
to stock all the parts, yet it still meets its service commitments. These are
strategic advantages when customers expect 24-by-7 service levels," said Peck.
Prophet optimizes inventory flow and cuts the number of parts a service organization
must stock by forecasting and planning supply needs over the entire support
life of a product. Users of Prophet are aware in advance of potential shortages
and excesses, two factors that can significantly influence inventory costs.
With this knowledge, Prophet users can return inventory to optimal stocking
levels by connecting to PowerSource Online to buy via PowerBid and sell via
PowerAuction.
PowerBid is a transaction service that transmits RFQ orders ("requests for
quotes") from buyers to suppliers. PowerAuction gives Prophet users the ability
to sell excess inventory.
"The seamless integration between Prophet and PowerBid will help customers dramatically
reduce lead times and costs associated with meeting supply requirements," said
Greg Baxter, president of Baxter Planning Systems. "In addition, Prophet's end
of life planning capabilities can proactively determine excess inventory, which
can be offered via PowerAuction to ensure it is disposed of at the highest possible
market value."
About Baxter Planning Systems, Inc.
Baxter Planning Systems Inc.,
www.bybaxter.com, based in Austin, TX, pioneered the development
of Web-based planning and forecasting solutions for the service parts logistics
industry. With systems installed in Fortune 500 companies across the United
States, it is currently used by companies in the technology, medical equipment
and telecommunication industries, These companies include Agilent, Enterasys,
Hewlett Packard, Lucent Technologies, Network Appliance, Philips and Sony.
Prophet by Baxter is a modular suite of planning and forecasting solutions
that is easily integrated with any existing system and delivered as a licensed
software or ASP model. Equally powerful for companies with inventory in one
central location or any number of locations across the globe, Prophet by Baxter
optimizes warehouse and/or stocking locations based on service contracts and
required response times to ensure that products are in the right place at the
right time to meet demand.
About PowerSource Online
PowerSource Online Inc.,
www.powersourceonline.com,
based in San Diego, operates the leading Web-based, business-to-business global
trading exchanges and procurement systems for new, used, refurbished and end-of-life
computer, telecom and printer parts, peripherals and software.
With a customer base of more than 2,000 computer distributors, dealers, resellers
and service companies, PowerSoureOnline.com lists over $3 billion of computer
parts and systems, including hard drives, printers, laptop computers, memory,
networking equipment, monitors and accessories. In addition, PowerSource Online
operates ImageParts.com, a Web-based trading hub that inventories more than
500,000 new, refurbished and end-of-life parts, systems and peripherals for
buyers and sellers of printers, scanners, copiers, fax machines and multifunction
systems; and TelecomFinders.com, a Web-based trading hub that inventories more
than 100,000 new, used, refurbished and end-of-life parts, phone systems and
central office equipment at its marketplace for buyers and sellers of telecommunications
equipment.
