BURLINGTON, Ontario, April 22, 2005 — The Avantis unit of Invensys Process Systems announced it has enhanced the Avantis enterprise asset management (EAM) solution with new capability that can reduce purchasing-related activity time by enabling customers and vendors to efficiently collaborate over the Internet in a secure and traceable manner.
“The Avantis solution streamlines the procurement process and helps ensure accuracy,” said Neil Cooper, general manager of Invensys’ Avantis unit. “With our new supply chain collaboration capabilities, purchasing agents can be sure that their orders are received, the correct parts and quantities are shipped on time, and that purchase orders and invoices match perfectly…without time-consuming phone calls, faxes, or paperwork. This new, easy-to-deploy capability compliments Invensys’ overall strategy of reducing operation costs while maintaining a high-level of asset reliability and performance.”
Purchase orders generated in Avantis are sent to a secure web page, which automatically notifies the suppliers of the new order by e-mail and prompts them to verify receipt. After reviewing the order on line, the supplier accepts, rejects, or requests a change to the order. Buyers are immediately notified of the supplier actions and the purchase order is automatically updated.
Both the buyer and supplier can view the most recent version of a purchase order electronically over the Web with no conflicting information from old faxes or e-mails. As a result, any issues can be resolved faster; price, quantity, and ship date are all finalized quickly; Avantis is automatically updated; and invoices match purchase orders.
About Avantis [ www.avantis.net ]
For more than 20 years, customers throughout the world have relied on Avantis enterprise asset management (EAM) solutions to improve resource productivity by driving down operating costs, minimizing the risk of unplanned downtime and maximizing financial return on capital assets. Avantis is a unit of Invensys Process Systems.
About Invensys Process Systems [ www.invensys.com ]
Process Systems, a business unit of Invensys plc, provides products, services and solutions for the automation and optimization of industrial process plants. In addition to its rapidly expanding Global Solutions group, Invensys Process Systems includes industry-leading brands such as Foxboro, Triconex, SimSci-Esscor, Wonderware, and Avantis, whose products are installed in more than 100,000 plants across the world. These range from small hybrid and batch plants to the world’s largest refineries, gas plants, petrochemicals plants, power plants, and pulp and paper mills.
The Invensys Group is headquartered in the UK and listed on the London Stock Exchange. With 35,000 employees operating in 60 countries, Invensys helps customers to improve their performance and profitability, building value for end users and shareholders alike.