January 16, 2003
H-E-B AND ITRADENETWORK BUILD ON INITIAL SUCCESS AND MOVE TO ONLINE TRADING FOR FRESH COMMODITIES
Produce, Floral, and Meat Procurement in Production
Livermore, Ca January 16, 2003. H.E. Butt Grocery Company (H-E-B) has completed deployment and is in production with the iTradeNetwork (ITN) collaborative workflow solution for produce, floral and meat commodities. For Produce and Floral, the ITN Internet solution is integrated with H-E-B's procurement system and allows for real-time functionality including quotes, order negotiation; as well as processing, invoicing, invoice reconciliation and catalog management. Meat purchase orders are transmitted via ITN and are integrated to H-E-B's purchase order system.
"H-E-B is committed to using cost effective technology to improve supply chain efficiencies. Over the years, iTN has proven to be a valuable partner and is now helping our produce, floral and meat trading partners accomplish our mutual e-commerce objectives," said Alan Markert VP of Knowledge/Data Management and B2B at H-E-B.
"Over the last year, ITN has worked closely with H-E-B to successfully implement our solution for H-E-B produce, floral and meat procurement. ITN's comprehensive solution delivered the ROI and functionality required to meet H-E-B needs, as well as those of their trading partners. We look forward to working with excellent companies like H-E-B to provide them with proven performance and rapid ROI." said Robert Bonavito, CEO of iTradeNetwork.
About H.E.Butt:
Founded in Kerrville, Texas in 1905, H-E-B proudly employs 55,000 employees and operates 300 stores throughout Texas, Louisiana and Internationally in Mexico.
About iTradeNetwork:
iTradeNetwork, is a privately held company that provides collaborative workflow solutions (Procurement, Logistics, Promotion, VMI, Financial Services and Content) for the food industry and low cost integration to customers legacy systems. iTradeNetwork's e-business solutions are being utilized by 38% of the U.S. Retail Grocery and Foodservice Industries with over 1,700 customers. In 2002, iTradeNetwork's e-commerce solutions were used to facilitate more than $3B in commerce.
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