News December 27, 08:00 Eastern Time
UPS COMPLETES ONE-MILLIONTH TRANSACTION ON ORACLE(R) INTERNET PROCUREMENT WORLD'S LARGEST PACKAGE DISTRIBUTION COMPANY SAVES 25% IN Procurement Costs With Oracle Internet Procurement
REDWOOD SHORES, Calif., Dec 27, 1999 /PRNewswire via COMTEX/ --
(http://www.oracle.com/tellmemore/?134005) Oracle Corp. (Nasdaq: ORCL),
the number one choice for e-business, today announced that United
Parcel Service (UPS), has processed its one-millionth transaction on
their 13,000-user Oracle(R) Internet Procurement solution. The
Internet-based system has allowed UPS to consolidate and fully automate
procurement for more than $10 billion annually in non-production
purchases, resulting in a reduction of the procure-to-pay lifecycle of
25 percent, or 10 hours per person per week. UPS has also successfully
reduced requisition processing from six weeks to five-to-seven days.
Each year, UPS ships more than three billion packages and documents
through a global network that uses more than 500 aircrafts, 157,000
vehicles and 1,700 facilities to provide service in over 200 countries
and territories. UPS relies on technology to maintain efficiency, to
keep prices competitive, and to provide new value added customer
services.
UPS had two key criteria for procurement; the system had to allow
connection of their large and decentralized organization together via
the Internet and enable the consolidation of all purchasing processes
across the enterprise.
"The Oracle procurement suite is the backbone of a key procurement
process at UPS that provides direct connectivity to leverage vendor
relationships and streamline invoice processing," said Jack Busche, UPS
vice president of procurement. "Just last month, we hit the one million
mark on processed requisitions from more than 13,000 users, a
demonstration of the successful consolidation of our purchasing process
and reduced redundancies."
"The challenge for UPS is one of sheer size," said Barry Lacy, vice
president of IS at UPS. "Oracle Internet Procurement offered UPS the
chance to take advantage of the maturing Internet to connect a very
decentralized company of more than 326,000 employees worldwide. Now, we
can leverage the information stored in our automated system for more
efficient purchase decisions."
Prior to implementing Oracle, UPS had a fragmented procurement system.
Each of the company's operating districts and regions had separate
financial centers that processed purchasing transactions and maintained
individual vendor relationships with 70,000 separate vendors. Since
deploying Oracle Internet Procurement, UPS has been able to shrink its
84 processing locations to 1 main financial center and 12 satellite
locations. New automated purchasing processes for items such as
furniture have allowed UPS to eliminate paper-based purchase orders
entirely, and the cycle time has gone from as long as two weeks to just
a few hours.
Oracle Corporation is the world's leading supplier of software for
information management, and the world's second largest independent
software company. With annual revenues of more than $9.3 billion, the
company offers its database, tools and application products, along with
related consulting, education, and support services, in more than 145
countries around the world.
For more information about Oracle, please call 650-506-7000. Oracle's
World Wide Web address is (URL) oracle.com
NOTE: Oracle is a registered trademark of Oracle Corporation.
SOURCE Oracle Corporation
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
|
