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PaperExchange Unveils PEx StockMover

Thursday, January 11, 2001

Press release from the issuing company

Boston, MA, - PaperExchange SM, the global e-marketplace and business solutions provider for the pulp and paper industry, today officially unveiled PEx StockMover, a specialized online marketplace for managing and moving excess and idle inventory. This Web-hosted solution provides visibility of excess and idle inventory across multiple locations within the same organization, enabling manufacturers, converters and printers to generate revenue. If there is no internal demand, customers can also use PEx StockMover to make the inventory available for bidding to outside buyers of their choice. Based on feedback PaperExchange gathered from its customers, PEx StockMover was developed to address a specific problem in the industry. Presently, locations within the same organization often do not have the ability to efficiently recognize when and where excess and idle inventory exists that can be used internally. It is also difficult to recognize when to dispose of this inventory. PEx StockMover integrates with existing systems to allow users to manage visibility of the inventory in stages to three distinct markets: their internal organization, a specific, user-defined network of preferred trading partners, and all PaperExchange customers. By defining their own unique channel strategy for this inventory, customers can realize better pricing, reach new trading partners and lower transportation costs. “In speaking with our customers, it became clear that one of the biggest challenges they face is how to efficiently maximize revenue from excess and idle inventory,” states Bob Brenner, CEO of PaperExchange. “Working closely with both our customers and our partners, we have created PEx StockMover to provide an effective solution to meet this challenge and improve the way our customers conduct business.”




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