Software offers supplier relationship management.
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Press Release Summary:
Apexon3 automates closed-loop business processes between manufacturing plants and suppliers, and includes Quality, Execution and Performance products. Execution module manages fulfillment processes with suppliers across multiple replenishment modes. Quality provides rapid response to supplier quality issues and automated compliance with QS-9000 and Six-Sigma quality initiatives. Performance provides integrated solution for monitoring and evaluating performance across entire supplier relationship.
Original Press Release:
Apexon Releases Apexon3: Supplier Relationship Management Redefined for Manufacturing Plants and Suppliers
Apexon3 Delivers an Integrated Solution Suite Spanning Supplier Quality, Execution and Performance Management
SAN JOSE, Calif.--Oct. 7, 2002-- Apexon, Inc. today announced the launch of Apexon3, the only integrated operational Supplier Relationship Management (SRM) suite spanning the critical functions of quality and execution coupled with real-time performance management. Apexon3 automates closed-loop business processes between manufacturing plants and their suppliers, and includes the following product lines: Apexon Quality, Apexon Execution and Apexon Performance. Apexon3 delivers significant bottom-line results by driving measurable improvements in total supplier costs, inventory and supplier response times.
"The current economic climate is driving interest in increasing the value that suppliers provide to the organization," said David Hope-Ross of Gartner. "Increasing supplier value transcends price reduction, requiring organizations to take a cross discipline, multi-enterprise approach to increase operational efficiency, flexibility, and quality."
Proven at Honeywell
"Honeywell-Garrett Engine Boosting Systems' suppliers use Apexon3 daily because there is significant value for them to be part of our quality and supply chain processes on-line," said Jerry Rockstroh, Vice President Worldwide Supply Management at Honeywell Garrett. "These suppliers are located in more than ten countries and will represent in excess of 80% of our direct material spend worldwide upon final roll-out. Apexon3 enables us to standardize our business processes across operations and suppliers and allows suppliers to see inventory, orders and other information, and collaborate on a real-time basis."
About Apexon3
Apexon Execution manages the fulfillment processes with suppliers across multiple replenishment modes, effectively reducing inventory and mitigating risk of line shut down. Apexon3 includes new functionality in Vendor Managed Inventory with adaptive inventory target management and Advanced Shipping Notification with integrated shipment planning and in-transit inventory management and reporting.
Apexon Quality provides rapid response to supplier quality issues and automated compliance with QS-9000 and Six-Sigma quality initiatives. Apexon3 offers new capabilities in Corrective Action to identify and resolve the root cause of supplier quality problems and Cost Recovery to link financial recovery to material non-conformances.
Apexon Performance provides an integrated solution for monitoring and evaluating performance across the entire supplier relationship. Apexon3 now offers industry specific pre-configured supplier scorecards that are tightly integrated with the Apexon Execution and Apexon Quality product lines.
Apexon3 Architecture
The foundation of the Apexon3 SRM suite is the Apexon Asynchronous Response engine, a pure Internet architecture designed to provide the performance, scalability and access control required by large global enterprises. Built purely on open industry standards XML and Java, the Apexon Asynchronous Response engine allows rapid development of bi-directional integration with existing IT systems while enabling closed-loop processes across enterprises.
"Our customers face major challenges managing thousands of transactions a day across multiple worldwide plants and suppliers," said David Rosenberg, Apexon Vice President of Engineering. "We designed a truly unique architecture based on persistent business objects and asynchronous reliable messaging to handle large-scale data flows in a highly distributed, cross-firewall environment. The Apexon3 architecture has been proven in production at customers with thousands of users and suppliers on a global basis."
About Apexon
Apexon, Inc. is a leading provider of operational Supplier Relationship Management (SRM) solutions that manage the day-to-day business processes between manufacturing plants and their suppliers. Its Apexon3 SRM suite enables manufacturers to synchronize the efforts of their global supply base to drive down total supplier costs, reduce inventories and improve supplier response times. Apexon is privately held with investments from Accel Partners, Foundation Capital, Menlo Ventures, Rolling Thunder Network and David A. Stamm, co-founder and former CEO of Clarify, Inc. The company is based in San Jose, Calif. and can be reached via the Internet at www.apexon.com or by calling 408/573-2500.
Apexon and the Apexon logo are registered trademarks of Apexon. Other product or service names mentioned herein are the trademarks of their respective owners.
