V 2.0 Accelerates Communications Between Buyers, Sellers Of Beef, Pork and Poultry Products
Provision X, a neutral, web-based private industry network for buyers and sellers of beef, pork and poultry products, today announced the release of Provision X v. 2.0, marking another step in the beef and poultry industry’s online evolution. Provision X v. 2.0 builds upon the seamless, Web-based capabilities of v. 1.0 with enhanced dashboard features, easier navigation and improved price management.
Provision X’s “meat engine” is currently powered by five founding companies representing 55% of the 70 billion dollar beef, pork and poultry business: IBP (IBP), Gold Kist, Excel Corporation, Farmland Industries, and Tyson Foods, Inc. (TSN).
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“The Provision X product is so important to the industry because it emulates the way the meat and poultry business has been conducted offline for decades. The product represents a painless way for the meat and poultry industry to become comfortable quickly and begin realizing the types of efficiencies and cost savings that Provision X can deliver,” says Kevin Nemetz, CEO, Provision X.
“Provision X v. 2.0 is completely fueled by customer feedback. We don’t make a move until we’ve listened to what the market needs,” says Steve Dorfman, CIO, Provision X.
“Any changes to the product are driven by beef, pork and poultry buyers and sellers.”
Provision X streamlines the process of buying and selling meat and poultry products by consolidating the tedious process of numerous phone calls, faxes and e-mails into a simple browser-based dashboard. Current Provision X users are already utilizing the product’s efficient online functions, including price discovery, order management and invoicing. V 2.0 offers enhancements to the current product and significantly improves communications between purchasers and suppliers.
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By GlobalDataProvision X v. 2.0 enables purchasers and suppliers, through a private industry network, to communicate throughout the price negotiation process, emulating the manner in which they currently conduct business over the telephone. In addition, the improved v. 2.0 dashboard displays changes in status for Request For Quotes (RFQ), contracts and new orders, while providing an audible tone to alert users to such changes. Among the numerous benefits, Provision X v. 2.0 allows purchasers and suppliers to download price lists in the same formats in which they were uploaded.
About Provision X
Provision X is a neutral web-based private network solution developed for buyers and sellers of beef, pork and poultry products and related services. The Provision X platform was built by technology innovator Model N, and has been touted by industry analysts as representing the future of the meat and poultry industry. Five companies representing 55% of the 70 billion dollar beef, pork and poultry business founded Provision X: IBP (IBP), Gold Kist, Excel Corporation, Farmland Industries, and Tyson Foods, Inc.(TSN). For more information on Provision X: http://www.provisionx.com
About IBP
IBP is the world’s largest producer of fresh beef, pork and related allied products and is also a high quality supplier of fully prepared meats for the retail and foodservice industries. Headquartered in South Dakota, IBP has more than 60 production sites in North America, joint venture operations in China, Ireland, and Russia, and sales offices throughout the world. The 40- year-old company, which generated sales of $16.9 billion in 2000, employs 52,000 people.
About Gold Kist
Gold Kist Inc. is the second largest and only farmer-owned poultry processor in the United States. Farmers in Georgia, Alabama, Florida and North and South Carolina contract with the Company to produce approximately 14 million chickens per week. Products are marketed under the Gold Kist Farms brand name, private labels and store brands.
About Excel Corporation
Excel Corporation, a wholly owned subsidiary of Cargill Inc., is the recognized leader in the beef and pork packing industry. Headquartered in Wichita, Kansas, Excel is a global meat company with over 20,000 employees worldwide. The company offers an extensive line of premium quality beef and pork products and programs to recognized retail and commercial food service markets around the world.
About Farmland Industries
As the largest farmer-owned cooperative in North America, the Farmland story begins with the producer who works the land. More than 600,000 independent family farmers own the 1,700 local cooperatives that encompass the Farmland Cooperative System. It is these producers and their local cooperatives — in the United States, Canada and Mexico — that Farmland has been in business to serve since 1929.
About Tyson Foods
Tyson Foods, Inc., headquartered in Springdale, Arkansas, is the world’s largest fully integrated producer, processor and marketer of chicken and chicken-based convenience foods, with 68,000 team members and 7,000 family farmers in more than 100 communities. Tyson has operations in 18 states and 16 countries and exports to 79 countries worldwide. Tyson is the recognized market leader in almost every retail and foodservice market it serves. Tyson’s Cobb-Vantress subsidiary is a leading chicken breeding stock supplier. In addition, Tyson is the nation’s second largest maker of corn and flour.
