Varian Semiconductor Launches Supplier Portal Website
Portal Promotes Real Time Information Exchange Reducing Lead Times
Tuesday October 1, 8:25 am ET
GLOUCESTER, Mass.--(BUSINESS WIRE)--Oct. 1, 2002--Varian Semiconductor Equipment Associates, Inc. (NASDAQ: VSEA - News), the leading supplier of ion implantation systems, today announced the launch of its supplier portal website.
The supplier portal website will enable the Company to reduce customer lead times and better monitor its parts deliveries.
Designed to speed communications between Varian Semiconductor and its suppliers, the portal enables suppliers to log in and view real time forecasts, purchase orders, scheduling information, and supplier quality reports. The portal also enables suppliers to enter delivery data that is uploaded directly into Varian Semiconductor's corporate ERP system.
Richard A. Aurelio, chairman and chief executive officer of Varian Semiconductor, noted that the supplier portal is just one of the many ways in which the Company is using information technology to streamline its business processes and reduce costs. "In addition to promoting a more rapid information exchange, the supplier portal is efficient - it reduces the workload of both Varian Semiconductor's employees and its suppliers. This is vital to reducing costs for both our company and our suppliers, lowering lead times, and improving productivity."
Because it is built on the same platform used for vShop, Varian Semiconductor's e-commerce site, the creation of the supplier portal is cost-effective. "We continue to find ways to maximize our return on investment for information technology purchases," said Cameron Kelly, director of information technology of Varian Semiconductor. "In addition, the supplier portal is just one of the many ways we have been successful in improving per person productivity - a key metric in today's high technology organizations."
Several of Varian Semiconductor's suppliers also expressed delight with the new supplier portal website. During a recent training session, a number of the suppliers attending agreed that the site would save them time by reducing manual processes. In addition, a few other suppliers commented that the real-time nature of the site will enable them to respond more quickly to Varian Semiconductor's needs by informing them of changes when they occur. "This is the best supplier site we've seen," commented Costa Sideridis, president of Ferro-Ceramic Grinding. "It's intuitive and offers more information than we've seen in other supplier portal sites. In addition, the VSEA supplier portal allows us to enter our latest information, which is a feature other sites don't have. This streamlines our processes and lets us keep Varian Semiconductor better informed."
About Varian Semiconductor
Varian Semiconductor Equipment Associates is the leading producer of ion implantation equipment used in the manufacture of semiconductors. The company is headquartered in Gloucester, Massachusetts, and operates worldwide. Varian Semiconductor maintains a web site at www.vsea.com. The information contained in the Company's website is not incorporated by reference into this release, and the website address is included in this release as an inactive textual reference only.
Note: This release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. For this purpose, the statements concerning the anticipated benefits of the new product discussed in this release are forward-looking statements and any statements using the terms "believes," "anticipates," "expects," "plans," or similar expressions are forward-looking statements. There are a number of important risks and factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, the possible failure of the new product to provide the anticipated customer benefits or to achieve significant market acceptance, volatility in the semiconductor equipment industry; economic conditions in general and as they affect the Company's customers; significant fluctuations in the Company's quarterly operating results; the impact of rapid technological change; the Company's dependence on the development and introduction of new products; the Company's concentration on ion implantation systems and related products; concentration in the Company's customer base and lengthy sales cycles; the highly competitive market in which the Company competes; risks of international sales; foreign currency risks; and general economic conditions; and other factors identified in the Company's Annual Report on Form 10-K, and the most recent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release. |
