Press Release
FMI and Corcentric Unite to Provide an eCommerce Solution to Members
New Program Can Reduce Equipment Purchasing Costs by 70 Percent
October 15, 2004, Washington, D.C. — The Food Marketing Institute (FMI) announced today it has joined forces with Corcentric, an eCommerce provider under the FoodFleetXchange program. The addition of Corcentric gives FMI’s retail and wholesale member companies a unique opportunity to automate their purchasing, fulfillment, and invoice management processes associated with transportation related equipment, reducing these costs by as much as 70 percent. Using the Corcentric Optimal eFlow™, Corcentric customers are able to experience real-time identification, analysis, and execution of transactions. Key benefits include:
- Elimination of manual orders and invoices
- Supplier-friendly implementation process
- Accounting system integration
- Web browser access 24/7 to history, tracking, invoice approval, and status
- Dynamic reporting and forecasting
- Instant access data warehouse
- Data conversion from current format to any other format (EDI, XML, etc.)
Through Corcentric, FMI members can enhance a grocery distribution system which will enable them to operate in the most efficient and competitive manner and at the same time is sensitive to social, economic, and governmental concerns.
“The alliance between FMI and Corcentric further demonstrates FMI’s perpetual commitment to providing its members with a host of resources that will enable their businesses to operate in the most efficient and competitive manner possible,” stated Pat Davis, FMI Director of Strategic Initiatives. “The cumulative savings afforded by this program can be enormous.”
“We are extremely excited about our alliance with FMI and providing the many resources available through our Corcentric Optimal eFlow™ for FMI’s members which will drive tremendous costs out of their business,” stated Dave Lindeen, Vice President of Sales. “The members can take advantage of Corcentric immediately because there is no change necessary to FMI members’ existing business systems or processes they have in place today.”
About Corcentric
Since 1998, Corcentric has specialized in helping companies in the
transportation industry reduce the costs associated with processing
business-to-business transactions. We build customized solutions that take you
from paper-based and manual processing to electronic and automated processing.
The result is increased revenues and reduced business costs.
If you are interested in the Corcentric solution or would like more information,
please contact Dave Lindeen, Vice President, Sales at (630) 925-7677, e-mail dlindeen@corcentric.com, or visit the Website at www.corcentric.com.
About Food Marketing Institute (FMI)
Food Marketing Institute (FMI) conducts programs in research, education, industry relations, and public affairs on behalf of its 1,500 member companies — food retailers and wholesalers — in the United States and around the world. FMI’s U.S. members operate approximately 26,000 retail food stores with a combined annual sales volume of $340 billion — three-quarters of all food retail store sales in the United States. FMI’s retail membership is composed of large multi-store chains, regional firms, and independent supermarkets. Its international membership includes 200 companies from 50 countries.
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