June 28, 2001 08:41
Pepsi Bottling Group Taps VerticalNet to Provide Web-Based Procurement Application to Consolidate Purchasing Information
HORSHAM, Pa. & SOMERS, N.Y.--(BUSINESS WIRE)--June 28, 2001-- VerticalNet, Inc. (Nasdaq:VERT), the Internet's leading e-business enabler, announced today that it has launched a procurement portal for Pepsi Bottling Group, Inc. (NYSE:PBG) that consolidates the company's worldwide purchasing communications into one online location. This site is secure to Pepsi and employees of Pepsi Bottling Group and hosted by VerticalNet.
"This announcement provides further validation of the ways in which VerticalNet's cutting edge solutions help connect companies to the information they need to run their businesses more efficiently," said Mike Hagan, president, CEO and Co-founder of VerticalNet. "Our ability to streamline the purchasing operations of large global Fortune 1000 organizations is a testament to the strength and scalability of our software platform."
VerticalNet's host of software solutions facilitates information sharing, content management, and transactions across an array of value chain partners to provide greater effectiveness and efficiency over traditional business processes. A core market application of this technology is the creation of private collaboration arenas that enables companies to create and manage multiple communities of trading partners with a single management tool. VerticalNet's "commerce hub" software not only gives users greater power in performing searches, comparisons and ratings across their channels, but also enables users to tailor the presentation of their offerings to each community. In this way, suppliers will be able to extend their relationships with their key distributors to increase the bottom line while reducing administration cost.
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