Datastream Systems, Inc. (Nasdaq: DSTM) today announced that Del Monte Foods Company (NYSE: DLM), the largest producer and distributor of premium quality, branded processed fruit, vegetable and tomato products in the United States, has selected Datastream’s iProcure(TM) network as its online procurement solution. Operating efficiencies and cost savings were key decision drivers for Del Monte Foods, which markets its products under three primary brands: Del Monte, Contadina and Sunfresh.
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The iProcure(TM) network automates electronic commerce for maintenance, repair and operations (MRO) procurement, which is an element of the total asset management cycle. Del Monte Foods joins the more than 300 Datastream customers, including Lear, USFilter and ConAgra Frozen Foods, using the iProcure(TM) network. Customers are turning to the iProcure(TM) network to streamline the procurement process, allowing for increased savings by gaining cost-efficient access to maintenance parts and supplies from leading distributors, including Applied Industrial Technologies, Fastenal Company, Ferguson Enterprises, LL National, MSC Industrial Supply, Office Depot and WESCO Distribution.
“Del Monte is dedicated to providing superior quality products while incorporating improved business processes,” said Glen Lewis, western region procurement manager for Del Monte Foods. “Datastream’s iProcure(TM) purchasing network gives immediate access to the materials and supplies that support our operations. We are also excited about the resulting efficiency gains in our direct and indirect procurement. The combination of the iProcure(TM) network’s industrial expertise, and its top-notch list of suppliers made iProcure(TM) a solid choice for our online procurement activity.”
“Leading companies such as Del Monte are reaping the benefits of streamlined procurement processes,” said Greg Jackson, vice president of iProcure. “By automating their asset procurement process via the iProcure network, Del Monte can optimize its administrative processes, purchasing procedures and vendor management. We look forward to working with Del Monte to provide a complete procurement solution for their procurement needs.”
About Del Monte Foods Company
Del Monte Foods Company (NYSE: DLM), with net sales of $1.5 billion in fiscal 2000, is the largest producer and distributor of premium quality, branded processed fruit, vegetable and tomato products in the United States. The Del Monte brand was introduced in 1892 and is one of the best known brands in the United States. Del Monte products are sold through national grocery chains, independent grocery stores, warehouse club stores, mass merchandisers, drug stores and convenience stores. The Company also sells its products to the U.S. military, certain export markets, the foodservice industry and food processors. The Company operates fourteen production facilities and seven distribution centers in the U.S., has operations in Venezuela and owns Del Monte brand marketing rights in South America.
About Datastream Systems, Inc.
Datastream Systems, Inc. (Nasdaq: DSTM) helps more than 56,000 customers in 129 countries maximize the profitability of capital assets throughout their lifecycle: from buying and tracking through maintaining and selling. Founded in 1986, Datastream now counts more than 75 percent of the Fortune 50 and more than 60 percent of the Fortune 500 among its user base. Through the Datastream network, the company offers configured applications, services and partnerships for its customers to intelligently manage their capital assets.
Datastream’s family of enterprise asset management products addresses the highly-specific needs of plants and facilities for effectively cataloging and tracking the status of capital assets. The iProcure(TM) marketplace helps companies to reduce MRO spend through the automated procurement of industrial parts and supplies. Through leading industry partners, Datastream provides services for automating the purchase and disposal of capital assets. For more information, please visit www.datastream.net.
Datastream, MP5i and iProcure are marks of Datastream Systems, Inc. or its subsidiaries. All other products or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
This news release contains forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. Potential risks and uncertainties include, but are not limited to, those described in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission for the year ended December 31, 1999. With respect to such forward-looking statements, Datastream seeks the protections afforded by the Private Securities Litigation Reform Act of 1995.
