Milwaukee Electric Tool Corporation Powers Over Competition with Inovis
VAN Consolidation Yields 60% Savings, 100 Percent Order Accuracy,
Improved Customer Service
Atlanta — February 25, 2004 — Inovis, a provider of business commerce
automation solutions, today announced that Milwaukee Electric Tool Corporation,
a leading manufacturer of heavy-duty, portable electric power tools and accessories,
has reduced costs, achieved new operational efficiencies and increased customer
service with the help of Inovis. Through the combination of moving its e-commerce
processing in-house and outsourcing its EDI transactions to Inovis, Milwaukee
Electric Tool has achieved significant results throughout its supply chain:
60 percent reduction in Value-Added Network (VAN) costs; increased order accuracy
to nearly 100 percent; and decreased the average cost of an order.
Milwaukee
Electric Tool chose Inovis to save money while improving accuracy and trading
partner adoption. Milwaukee Electric Tool implemented TrustedLink,
a data transformation tool to facilitate communications and commerce between
trading partners, and also consolidated its EDI transactions on the Inovis
VAN.
“Inovis has proven to be a trusted, reliable and extremely cost-effective
partner,” said John Streff, EDI administrator for Milwaukee Electric
Tool. “With business-critical transactions happening daily, we know that
if it comes into our system through the Inovis VAN, the information is secure
and accurate. Having worked with many EDI vendors to ensure the highest service
levels, I can confidently say that Inovis has the highest quality of service
and has saved us money, giving us piece of mind and an edge over the competition.”
Milwaukee
Electric Tool has a reliable single point of access to securely exchange
data transactions with its trading partners, distributors and retailers
worldwide. In addition, the company can now transact with its customers using
the AS2 protocol, meeting mandates from its key trading partners, and ensuring
that data is sent securely and in nearly real-time.
Milwaukee Electric Tool
now operates a virtually problem-free EDI environment with more than 99 percent
up time, and has increased its volume of business
transactions while reducing the cost by one third. The company has cost-effectively
expanded its sales and supplier channels while streamlining the cost of processing
orders, building its product and invoicing customers.
“Inovis arms manufacturers and retailers with the tools necessary to
do business with their trading partners more efficiently and effectively,” said
Michael Croxton, senior vice president of marketing for Inovis. “Our
goal is to allow our customers to focus on their core competencies while outsourcing
critical business functions to a proven, trusted partner. Inovis’ industry-leading
solutions guarantee best-in-class service. Our flexible communications capabilities
allow companies to significantly reduce the cost of doing business electronically,
increase customer satisfaction, and comply with new communications protocols
as they arise.”
About Milwaukee Electric Tool Corporation
Since its founding in 1924, Milwaukee Electric Tool Corporation has focused
on a single vision: to produce the best heavy-duty electric power tools and
accessories available to professional and home users. Today the company has
more than 2,000 employees and markets its products worldwide as part of the
Atlas Copco Group.
About Inovis
Inovis, Inc. is a leader in providing business commerce automation solutions
that facilitate the effective management of retail, supply and manufacturing
partnerships. With more than 20 years of experience and almost 20,000 customers,
Inovis provides a complete line of B2B software and managed services. These
solutions enable companies to optimize profitability through timely and
efficient communications with their trading partner communities. For more
information visit www.inovis.com.