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New Service Will Enable Fashion Retailers and Vendors To Streamline Buying, Selling and Merchandising Operations |
| GE Global eXchange Services (GE), a business-to-business
Internet commerce company, will partner with 7thOnline, a provider of
web-based merchandising technology and services for the fashion
industry, to offer a complete fashion retail service. The new online
service is expected to enable retailers and vendors to streamline their
overall buying, selling and merchandising operations.
The jointly developed service from 7thOnline and GE Global eXchange Services (GXS) is intended to enable vendors to create secure online showrooms that are accessed by retailers to shop, buy, and merchandise online. Vendors and retailers will be able to exchange business documents (such as purchase orders) through the service as well as bar-coded product information. The service will help retailers and vendors increase communication efficiency and reduce operational expenses compared with the current manual merchandising process. "To maintain our competitive edge in the fashion industry, our service must provide retailers and vendors with the ability to process transactions quickly, efficiently, and accurately,'' said Chaim Edelstein, Chairman of 7thOnline. "GE Global eXchange Services understands the complexities of retail e-commerce and this partnership will offer proven solutions to help our customers communicate in the most cost-effective manner.'' Combining the capabilities of GXS's hosted e-commerce services with 7thOnline's Web-based merchandising technology, the new service will assist customers in smoothly integrating their existing internal systems with the service's suite of collaborative solutions. The service will support electronic data interchange (EDI), extensible markup language (XML) and other online transaction formats. The service will also allow vendors and retailers to access GXS's centralized online catalog of Universal Product Code (UPC) and European Article Number (EAN) product information. The GXS catalog currently maintains coded information for nearly 60 million items. "We are excited about the opportunity to work together with 7thOnline to help its customers attain new levels of efficiency and cost savings,'' said Bob Brooks, GXS's general manager of retail solutions. "7thOnline has clearly become an e-business leader within the fashion industry.'' Source: Global eXchange Services 01/29/00 All the News | Strategy | Marketing | Technology | Profiles | Industry |
Updated: 17 Feb 2006 .
