Omnexus, the global, neutral eMarketplace for the
plastics
industry (www.omnexus.com), has formed a strategic alliance with IQMS
software, a
leading
enterprise resource planning software provider to the
plastics industry. The two
companies will offer the first of its kind ERP-to-ERP e-commerce connectivity
solution that
will allow plastics processors and buyers to realize the full benefits of seamless B2B
e-commerce.
Beginning in the third quarter of 2001, the newly released technology will fully integrate into
the Omnexus eMarketplace the hundreds of plastics processors in the United States and
Europe who are currently using the IQMS EnterpriseIQ ERP system. These processors
represent more than $1.5 billion in annual
raw materials purchases.
The technology, co-developed by Omnexus and IQMS, significantly enhances the time and
cost savings already being realized by Omnexus members. Currently, processors utilizing
Omnexus may access the world's leading suppliers in one
location, place orders with
multiple suppliers simultaneously, submit reorders in an instant, all while retaining their
current pricing, account numbers, and existing supplier
sales representatives. With the
release of the Omnexus/IQMS technology, order requirements are automatically transmitted
to the appropriate suppliers, and suppliers' invoices electronically submitted directly into the
buyer's ERP system, without human intervention; further time and cost savings are realized
through
supply chain automation.
"Buy-side integration has been described as one of the most costly yet crucial elements in
realizing full B2B savings and benefits," said Peter Dunning, CEO of Omnexus and former
senior executive with
SAP, the world's largest ERP provider. "Omnexus and IQMS have
pioneered a new approach to integrate numerous processors and their suppliers
economically and efficiently. The result is true back-end connectivity between multiple
suppliers and buyers."
"Using Omnexus today is truly faster than the telephone or FAX if you deal with multiple
suppliers," said David Jukes, senior vice-president of Omnexus. "This new technology will
deliver even greater incremental savings and continue to build the value of Omnexus
membership for both processors and suppliers. Unlike other Internet sites that sell only
resin, and primarily one brand, integration to Omnexus provides ERP connectivity to more
than 20 global suppliers - and that number is continually increasing."
By adding ERP-to-ERP connectivity to its EnterpriseIQ system, IQMS takes a leadership
role in providing "collaborative commerce" capabilities, identified by Gartner Group as one of
the key components of ERP e-business functionality. Though pioneered in the plastics
industry, this technology approach can be applied across all repetitive manufacturing
industries, according to Randy Flamm, president of IQMS Software.
"The winners in the new ERP and
supply chain management market will be those who can
deliver on promises to provide functional e-business capabilities to customers," said Flamm.
"With this new technology and our partnership with Omnexus, we provide the missing link in
manufacturers' supply chain management."
For plastics processors, ERP-to-ERP connectivity through a single integration hub provides
significant economies.
"From the onset,
Ticona saw the potential value Omnexus brings by serving as the
integration hub for the plastics industry, said Kevin Cronin, global eBusiness director at
Ticona, one of the founding suppliers of the Omnexus eMarketplace. "For us to have
electronically integrated into the
ERP systems of hundreds of companies individually would
have cost us millions. The Omnexus-IQMS software alone could justify our original
investment in Omnexus."