|
QRS Announces General Availability of QRS Reveal™
RICHMOND, CA – October 08, 2004 – QRS Corporation (Nasdaq: QRSI) today announced the general availability of QRS Reveal™, a new solution for transaction lifecycle visibility, which includes increased supply chain efficiency and improved accuracy of trading partner communications. Boscov's and Federated were both participants in the beta program.
"We believe QRS Reveal can help improve business relationships with retailers because it gives suppliers the ability to be proactive, and will promote a more collaborative approach to problem solving," said Steve Shiovitz, Supply Chain Services Manager of Levi Strauss and Co., a leading brand manufacturer that participated in the QRS Reveal beta program. "If a supply chain breakdown is detected in advance, retailers can be contacted and alerted. With QRS Reveal, resources can be applied on both sides of the transaction to resolve the issue proactively, or even avoid problems altogether."
QRS Reveal improves the way retailers and suppliers manage and monitor trading community transactions from original order placement through delivery and payment. Without transaction lifecycle visibility, many retail companies can only passively track documents that are sent and received. This passive type of tracking allows companies to identify problems or disruptions – but only after they occur.
"Retailers and suppliers face out-of-stocks, chargebacks and missed sales when disruptions occur in the course of business transactions," said Beth Enslow, Vice President of Enterprise Research, Aberdeen Group. "Our research shows that companies that proactively monitor the order fulfillment process routinely achieve 20%-40% improvements and greater in lead times, perfect orders, and data error reductions. Proactive tracking capabilities are rapidly becoming a key initiative for companies because of the supply efficiency and reliability gains they enable."
With customizable business rules and proactive alerting capabilities, QRS Reveal allows retailers and suppliers to identify impending disruptions before their effects are realized. This advance notification and visibility can help companies improve their business by reducing stockouts and late or missed deliveries.
"Now more than ever, retailers and suppliers need to increase their competitiveness and capitalize on revenue opportunities," said Liz Fetter, President and CEO, QRS. "Designed specifically for the retail industry, QRS Reveal offers a solution that proactively monitors transactions to reduce costly errors and can lower the cost of serving customers and communicating with trading partners."
QRS Reveal features include:
- Document tracking – comprehensive view of inter-document tracking history for a range of retail business users including buyers, salespeople and supply chain managers
- Configurable business rules – multiple warning and violation conditions for different trading partners' requirements
- Alerts and notifications – delivered to users within the retail organization or along its supply chain
- Expansive reporting capabilities – reporting and ad hoc querying on historical information to identify trading partner performance and resolve trading disputes
About QRS Reveal™
QRS Reveal is a powerful solution hosted by QRS that provides transaction lifecycle visibility. Its early warning capabilities let retailers and suppliers proactively monitor the order fulfillment process. Unlike traditional solutions that provide after-the-fact information, QRS Reveal can alert business managers about costly disruptions before their effects are realized. QRS Reveal is accessed via a user-friendly web-based interface that provides both high-level and detailed views of transactions.
About QRS
QRS (Nasdaq: QRSI) is a technology company that serves the global retail trading community. We offer collaborative commerce solutions that drive a new standard for global brand execution. At QRS, we manage the flow of critical commerce information and leverage our retail technology expertise to address fundamental industry challenges such as global data synchronization, mandate compliance, transaction management and global trade management. QRS solutions help approximately 9,800* customers expand into new markets and channels, improve operational efficiency and differentiate their brand.
*Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between July 1, 2003 and June 30, 2004.
Click here for a listing of all press releases.
|