GE Plastics Conducts XML-Based, Online Transactions With Customers Worldwide

09-Mar-2001

GE plastics, an operating unit of General Electric Company (NYSE: GE), announced today it has conducted online ordering based on eXtensible Markup Language, or XML, with customers in the United States, Europe and the Pacific. Using e-commerce technology provided by GE Global eXchange services (GXS), GE Plastics is one of the first in the plastics industry to perform worldwide XML-based transactions with its customers, offering customers a fast, cost-effective method of data exchange using the Internet.

Using XML-based transactions, GE Plastics and its customers can use the Internet to conduct “real time” information exchange on all documents—from purchase orders to order confirmations. XML-based ordering replaces automated facsimile ordering, which had a 48-hour turnaround time and required GE Plastics to manually enter data. XML orders are generally faster and more accurate because manual data entry is eliminated. GE Plastics estimates the amount of its XML-based transactions will increase by year’s end.

“By providing our customers with XML-based transaction capabilities, they have an opportunity to simplify procurement with GE Plastics, their customers and other businesses,” said Mark Rohrwasser, GE Plastics’ e-business manager. “XML transactions eliminate the added costs of double order entry and let customers focus on more profitable activities. We also support the de facto XML standard used in each customer’s industry to help ensure a faster, more cost-effective XML implementation in the future.”

“GE Plastics has made significant benefits available to its customers worldwide by enabling them to order over the Internet using XML,” said Steven Scala, GXS’s vice president of integration solutions. “We look forward to our ongoing work with GE Plastics and its customers helping them achieve new levels of efficiency using our integration technology.”

GE Plastics is a global manufacturer of high performance engineering thermoplastics, with manufacturing facilities and technology and innovation centers around the world. GE Plastics supplies a spectrum of high performance resins and application development resources to help its customers achieve a competitive edge through performance and design differentiation.

For more information about GE Plastics products and services, visit www.geplastics.com. For more information about gepolymerland.com, visit www.gepolymerland.com. GE Global eXchange Services (GXS) operates one of the largest business to business e-commerce networks in the world, with more than 100,000 trading partners. The network’s 1 billion annual transactions account for $1 trillion in goods and services. With a presence in 58 countries, GXS applies Six Sigma quality processes to provide e-commerce support helping businesses around the globe remove costs from their supply chains. GE Global eXchange Services is a part the General Electric Company, U.S.A., and is headquartered in Gaithersburg, Md. 800-560-4347. Visit our Web site at www.gegxs.com.

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