ARC Automotive Selects TradeBeam to Improve Global Inventory and Supplier Management
Automotive Supplier to Use Collaborative Inventory Management Solution i-Supply to Drive Costs Out of Supply Chain
| Source: TradeBeam
SAN MATEO, CA -- (MARKET WIRE) -- October 31, 2006 -- TradeBeam, Inc., a leading provider of
on-demand Global Trade Management (GTM) software and services, today
announced that ARC Automotive, Inc., a unit of Sequa Corporation (NYSE : SQAA ) and a global automotive supplier of airbag inflators, signed an
agreement to use TradeBeam's Collaborative Inventory Management solution
i-Supply as part of an effort to improve the company's inventory
management and drive bottom line benefits. Currently, i-Supply is being
rolled out to ARC plants and its suppliers in the U.S., Mexico and China.
"TradeBeam's i-Supply product is a proven system, and we're confident it
will help us improve our supplier and inventory management and, ultimately,
lead to bottom-line cost savings and enhanced customer service," said Kenny
Edwards, Vice President of Supply Chain Management at ARC Automotive.
"TradeBeam's solution and delivery model was appealing for a number of
reasons. In addition to affording rapid implementation and superior
functionality, the fact that the system can be accessed from anywhere
provides a low cost option for communicating electronically with our supply
base."
Like many manufacturers, ARC Automotive needs to address changes in
customer requirements and to communicate this information to suppliers as
quickly as possible. The ARC team recognized the need to transition from a
manual system of inventory management to the advanced system provided by
TradeBeam in order to improve asset utilization, minimize excess inventory,
avoid premium freight charges, and improve customer satisfaction.
TradeBeam's i-Supply will help ARC Automotive meet the challenge by
bringing a high degree of automation to supplier management.
By leveraging and enhancing the key information locked within existing
software systems, i-Supply makes value-added information visible to all
participants in the supply chain. This accessibility leads to real-time
execution of component replenishment and provides a collaborative
environment where all parties can gain better control of their operations.
Additionally, as ARC Automotive moves away from paper-based methods of
supply chain management they will enjoy both increased efficiency and cost
savings derived from electronic communication with its supply chain
partners, and their customers will benefit from the dual advantage of
improved on-time delivery and enhanced service.
"Effective supply chain management is increasingly vital to global
manufacturers' success, and automation is one of the keys to unlocking
efficiencies," said Graham R.F. Napier, CEO and President of TradeBeam.
"ARC Automotive is a forward-thinking organization that is committed to
taking the management of their supply chain to the next level."
About Sequa
Sequa Corporation is a diversified manufacturer with seven discrete
operating units organized around six segments -- aerospace, automotive,
metal coating, specialty chemicals, industrial machinery and other
products. Focused on operations with a strong technological component,
Sequa holds positions of leadership in key industries and continues to
extend its market reach through both internal and external growth
strategies. For more information, please visit www.sequa.com.
About ARC Automotive
ARC Automotive, Inc. is a Sequa company producing automotive airbag
inflators for the global automotive market (driver, passenger, side and
curtain). With more than 50 years of design expertise in propellant and
inflator technology, ARC Automotive, Inc. is committed to providing
customers innovative, high quality products and service. For more
information, please visit www.arcautomotive.com.
About TradeBeam
TradeBeam is an on-demand Global Trade Management software and services
company providing solutions that streamline global trading processes for
enterprises and their partners. TradeBeam's integrated solutions provide
import and export compliance, inventory management, shipment tracking,
supply chain event management and global trade finance solutions such as
open account and letter of credit management. TradeBeam has over 3,000
customers with users in over 100 countries worldwide. For more information,
please visit www.tradebeam.com.
Copyright © 2005 TradeBeam, Inc. All rights reserved. TradeBeam and logo,
TradeBeam 3.0 GTM Application Suite, i-Supply, and TradeBeam Solution
Blueprints are trademarks and/or registered trademarks of TradeBeam, Inc.
and/or SupplySolution, Inc. TradeBeam, Inc. and SupplySolution, Inc. are
wholly owned subsidiaries of TradeBeam Holdings, Inc. All other company,
product and brand names are trademarks of their respective owners.