(BSNS WIRE) HomeBase Partners With IPNet Solutions to Optimize Supply Chain
HomeBase Partners With IPNet Solutions to Optimize Supply Chain Internet
Communications
Business Editors
IRVINE, Calif.--(BUSINESS WIRE)--April 6, 2000--Reflecting its
ongoing commitment to leverage progressive technological efficiencies,
HomeBase, Inc. (NYSE:HBI) Thursday announced it has partnered with
IPNet Solutions to provide real-time electronic transactions and
communication to its network of suppliers and distributors.
IPNet Solutions is a leading eBusiness software developer,
creating products that seamlessly link companies and their trading
partners in Virtual Trading Communities(TM).
Beginning in June 2000, HomeBase will provide its trading partners
with direct, non-stop connectivity, eliminating the need for expensive
eBusiness intermediaries, such as Value-Added Networks (VANs), common
in Electronic Data Interchange (EDI) environments.
With this radical departure from traditional transaction
management solutions used in retail settings, HomeBase is leading a
fundamental industry shift to electronic supply chain optimization.
"HomeBase has been an industry leader in business technology and
is always looking for ways to increase supply chain efficiencies,"
said Scott Richards, HomeBase executive vice president of
merchandising. "We are very excited to bring this business process
improvement to our suppliers, enabling them to dramatically reduce
their transaction costs.
"Additionally, this solution creates a business community that is
open to all retailers and their suppliers, thus creating enormous
potential synergies. We fully expect that many other retailers will
soon support this new method of business transaction."
"HomeBase has shifted their supply chain into an optimized Virtual
Trading Community," said Don Willis, IPNet Solutions Inc. founder and
chief executive officer.
"They have raised the bar for vendors supplying the very
competitive home improvement retail market and have created a more
efficient, more profitable business environment -- not only for
HomeBase and its customers, but for the other retailers collaborating
with the same vendors and supply chains."
The Virtual Trading Community will roll out with HomeBase serving
as the "hub" of communication, with its vendors functioning as the
"spokes." Each will have access to various levels of internal data,
processes and communication. Larger vendors will communicate
server-to-server while smaller vendors can fully participate with
nothing more than an Internet connection and Web browser.
HomeBase's transaction management solutions will initially support
standard transaction management documents, including orders, invoices,
shipping notices and inventory/sales visibility.
IPNet eBizness(TM) Transact, a component of eBizness Suite, will
soon be expanded to manage higher-level supply chain and financial
transactions, including collaborative planning, transportation
scheduling and remittance advice. The software also allows for the
transmission of object-oriented files for potential incorporation in
any future retail Internet storefront.
About IPNet Solutions Inc.
Founded in 1996, IPNet Solutions offers the industry's only
complete, fully integrated collaboration, order management, and
transaction management solution to help Global 2000 companies create
Virtual Trading Communities(TM).
By seamlessly linking companies and their partners and providing
secure, real-time access to key information, Virtual Trading
Communities enable faster, more accurate and more profitable
decisions. IPNet's XML-based solution allows businesses to leverage
the Internet to extend the benefits of their ERP, EDI, SCM and other
legacy systems.
IPNet provides a risk-free migration path from VANs and paper
processes to the Internet. Companies can achieve 100 percent trading
partner participation in eBusiness initiatives, regardless of trading
partner size or technology.
IPNet customers include Hanover Direct (AMEX:HNV), Celarix, 3dfx
(Nasdaq:TDFX), Northrop Grumman (NYSE:NOC), Shop `n Save (NYSE: SVU),
SMC Networks and U.S. Foodservice (NYSE:UFS). IPNet corporate
headquarters is located in Newport Beach, California, with offices in
San Francisco, San Diego, Boston, Houston, Chicago, Columbus, Raleigh,
Toronto, Washington, D.C. and Rutherford, New Jersey.
For additional information, contact IPNet Solutions at
949/476-4455 or www.ipnet-solutions.com.
About HomeBase Inc.
Operating 88 stores in 10 western states, HomeBase (NYSE:HBI) is
the second largest home improvement store chain in the west and ranks
among the 10 largest nationwide. HomeBase stores average 103,000
interior square feet, plus an expansive outdoor nursery and garden
center, and offer a diverse assortment of home improvement and
building supply products.
The HomeBase Web site is located at www.homebase.com.
Matters discussed in this press release include forward-looking
statements that involve risks and uncertainties that could cause
results to differ materially from those expressed. Such risks and
uncertainties include, but are not limited to, the company's ability
to continue to improve its core business; the impact of new
(BSNS WIRE) HomeBase Partners With IPNet Solutions to Optimize Supply Chain
HomeBase Partners With IPNet Solutions to Optimize Supply Chain Internet
Communications
Business Editors
IRVINE, Calif.--(BUSINESS WIRE)--April 6, 2000--Reflecting its
ongoing commitment to leverage progressive technological efficiencies,
HomeBase, Inc. (NYSE:HBI) Thursday announced it has partnered with
IPNet Solutions to provide real-time electronic transactions and
communication to its network of suppliers and distributors.
IPNet Solutions is a leading eBusiness software developer,
creating products that seamlessly link companies and their trading
partners in Virtual Trading Communities(TM).
Beginning in June 2000, HomeBase will provide its trading partners
with direct, non-stop connectivity, eliminating the need for expensive
eBusiness intermediaries, such as Value-Added Networks (VANs), common
in Electronic Data Interchange (EDI) environments.
With this radical departure from traditional transaction
management solutions used in retail settings, HomeBase is leading a
fundamental industry shift to electronic supply chain optimization.
"HomeBase has been an industry leader in business technology and
is always looking for ways to increase supply chain efficiencies,"
said Scott Richards, HomeBase executive vice president of
merchandising. "We are very excited to bring this business process
improvement to our suppliers, enabling them to dramatically reduce
their transaction costs.
"Additionally, this solution creates a business community that is
open to all retailers and their suppliers, thus creating enormous
potential synergies. We fully expect that many other retailers will
soon support this new method of business transaction."
"HomeBase has shifted their supply chain into an optimized Virtual
Trading Community," said Don Willis, IPNet Solutions Inc. founder and
chief executive officer.
"They have raised the bar for vendors supplying the very
competitive home improvement retail market and have created a more
efficient, more profitable business environment -- not only for
HomeBase and its customers, but for the other retailers collaborating
with the same vendors and supply chains."
The Virtual Trading Community will roll out with HomeBase serving
as the "hub" of communication, with its vendors functioning as the
"spokes." Each will have access to various levels of internal data,
processes and communication. Larger vendors will communicate
server-to-server while smaller vendors can fully participate with
nothing more than an Internet connection and Web browser.
HomeBase's transaction management solutions will initially support
standard transaction management documents, including orders, invoices,
shipping notices and inventory/sales visibility.
IPNet eBizness(TM) Transact, a component of eBizness Suite, will
soon be expanded to manage higher-level supply chain and financial
transactions, including collaborative planning, transportation
scheduling and remittance advice. The software also allows for the
transmission of object-oriented files for potential incorporation in
any future retail Internet storefront.
About IPNet Solutions Inc.
Founded in 1996, IPNet Solutions offers the industry's only
complete, fully integrated collaboration, order management, and
transaction management solution to help Global 2000 companies create
Virtual Trading Communities(TM).
By seamlessly linking companies and their partners and providing
secure, real-time access to key information, Virtual Trading
Communities enable faster, more accurate and more profitable
decisions. IPNet's XML-based solution allows businesses to leverage
the Internet to extend the benefits of their ERP, EDI, SCM and other
legacy systems.
IPNet provides a risk-free migration path from VANs and paper
processes to the Internet. Companies can achieve 100 percent trading
partner participation in eBusiness initiatives, regardless of trading
partner size or technology.
IPNet customers include Hanover Direct (AMEX:HNV), Celarix, 3dfx
(Nasdaq:TDFX), Northrop Grumman (NYSE:NOC), Shop `n Save (NYSE: SVU),
SMC Networks and U.S. Foodservice (NYSE:UFS). IPNet corporate
headquarters is located in Newport Beach, California, with offices in
San Francisco, San Diego, Boston, Houston, Chicago, Columbus, Raleigh,
Toronto, Washington, D.C. and Rutherford, New Jersey.
For additional information, contact IPNet Solutions at
949/476-4455 or www.ipnet-solutions.com.
About HomeBase Inc.
Operating 88 stores in 10 western states, HomeBase (NYSE:HBI) is
the second largest home improvement store chain in the west and ranks
among the 10 largest nationwide. HomeBase stores average 103,000
interior square feet, plus an expansive outdoor nursery and garden
center, and offer a diverse assortment of home improvement and
building supply products.
The HomeBase Web site is located at www.homebase.com.
Matters discussed in this press release include forward-looking
statements that involve risks and uncertainties that could cause
results to differ materially from those expressed. Such risks and
uncertainties include, but are not limited to, the company's ability
to continue to improve its core business; the impact of new
competitive openings; the development of a new retail concept; testing
of the new retail concept; the company's ability to take a dominant
position in key areas of business or expand upon current businesses;
to achieve significantly higher levels of growth and profitability for
the company; the growth of the home furnishings market; and the
factors set forth in the company's annual report on Form 10-K for the
fiscal year ended January 30, 1999 under the heading "Risk Factors"
and in the company's other filings with the Securities and Exchange
Commission.
--30--EZ/np* JC/np
CONTACTS: HomeBase Inc., Irvine
Jennifer Love, 949/442-5357
E-mail: jlove@homebase.com
homebase.com
or
IPNet Solutions Inc., Newport Beach
Sandra Sick, 949/838-1011
E-mail: ssick@ipnet-solutions.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BUILDING/CONSTRUCTION RETAIL
MARKETING AGREEMENTS
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