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For Immediate Release
Contacts:
Malcolm Hollombe
Exxel Grocery Supply Inc.
310.271.7050
malcolmh@exxelusa.com
Ronald Margulis
RAM Communications
908.232.3230
ron@rampr.com
Exxel Grocery Supply Solves Supplies
& Packaging Challenges with e-commerce Technology
Solution can increase net income by up to 14% for retailers;
8% for manufacturers
CHICAGO (May 7, 2000) With the launch of Exxel Grocery Supply at
the Food Marketing Institute’s Annual Convention here, the
supermarket industry now has an answer to the $5.6 billion Supplies
and Packaging dilemma. Beverly Hills, Calif.-based Exxel Grocery
Supply’s patent-pending system provides a logistics solution
that simultaneously streamlines and economizes supermarket consumables
replenishment activities, while providing grocery retailers, distributors
and manufacturers with the means for direct and accurate communication
for pricing, store level usage by product.
Exxel Grocery Supply’s offering uses the latest technology
to optimize in-store inventory and reduce supply-demand chain costs
of consumables like paper and t-shirt bags, register tape, produce
bags, foam trays, soaker pads, stretch wrap, labels, paperboard,
janitorial supplies and fixture supplies. Initial estimates for
savings experienced by using the Exxel system for the retailer will
substantially affect the bottom line.
"Our systems does nothing less than revolutionize
the processes surrounding the ordering and replenishment of retail
consumables. By automating the entire flow of product and information
from the point of production to the point of disbursement, Exxel
takes significant costs out of the supply-demand chain and returns
it to where it should be — on the retailers and manufacturers
bottom line," Herbert Halimi, CEO, Exxel Grocery Supply.
Exxel Grocery Supply employs the proprietary Exxel Grocery Supply
System (EGSS), a Unix based software environment that integrates
the inventory and re-ordering activities of supermarkets, distributors
and manufacturers as well as the financial transactions between
the parties.
Exxel Grocery Supply Solves Supplies & Packaging Challenges
with e-commerce Technology
"Data from all trading partners is routed through the Exxel Operations
Center using the Internet, and critical secure and select communication
links are established between manufacturer and grocery retailer, providing
completely private data interchange, eliminating costly over and understocking,"
explains Mal Hollombe, Vice President, Marketing. "The system
automatically prepares orders to replenish items and completes shipping
lists to facilitate product movement. The EGSS aggregates and prepares
all invoices, and completes the electronic transfer of funds through
a central clearinghouse bank.
Among the key benefits from the Exxel system for manufacturers
are an improved product distribution process that places them in
direct contact with a grocery chains corporate headquarters as well
as on the receiving end of information from every individual store;
the result is great cost efficiencies due to elimination of unnecessary
work, information to do production planning from, reduced finished
and raw materials inventories, and increased profit margins. For
distributors, the system eliminates the large capital investment
required for inventory and reduces the risk of obsolescence and
price decreases; and improves operating efficiencies. For retailers,
Exxel delivers a state-of-the-art inventory management system that
insures a minimum adequate stock level at all times, eliminates
manpower requirements for maintenance, saves money and offers the
convenience of using any desirable manufacturers products and current
distribution if so desired. The Exxel system increases cash flow
by reducing stockouts, overstocks and wasted stockroom floor space.
Exxel Grocery Supply Inc., founded in 1999 and based
in Beverly Hills, California, provides a secure, private and
automated web-based business-to-business system that reduces
supply-chain costs for the Supplies and Packaging sector of
the grocery industry. This is accomplished through increased
efficiencies and improved communications between grocery retailers,
manufacturers and distributors. The Company employs the proprietary
Exxel Grocery Supply System (EGSS), a Unix-based software environment,
to integrate inventory and re-ordering activities. The system
includes a business model for financial transactions between
trading partners that has a patent pending. Additional information
on the Company is available at www.exxelusa.com.
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