New Site Offers One-Stop Procurement Solution for Businesses
CHICAGO, June 7 -- W.W. Grainger, Inc. (NYSE: GWW), the leading North American distributor of maintenance, repair and operating (MRO) supplies, today announced that OrderZone.com ( http://www.orderzone.com ), a Web site offering businesses a simplified, one-stop source to purchase a wide variety of products and services across multiple suppliers, is open for business-to-business e-commerce.
The site offers an array of products from cleaning supplies to office equipment to electronic components. OrderZone.com is aimed at businesses with a wide-variety of purchasing needs. The service looks, feels and acts like a single business where customers only need to complete one easy registration with one log in to begin doing business with any or all of the six suppliers. Customers can order products using either credit cards or open account billing and receive just one invoice.
Grainger believes OrderZone.com will greatly simplify the business purchasing process by creating a one-stop shopping environment. "Research shows 40 percent of the total cost of supplies results from the processing and management of the order," said Donald Bielinski, Grainger group president. "OrderZone.com greatly reduces the repetitive layer of cost associated with purchasing important business supplies."
The six suppliers of OrderZone.com represent leading companies in their lines of business. Grainger Industrial Supply in maintenance, repair and operating (MRO) supplies; Cintas Corporation, specializing in uniform programs; Corporate Express, selling office and computer supplies; Lab Safety Supply, offering safety equipment; Marshall Industries, a leading electronics distributor; and VWR Scientific Products, selling laboratory and scientific supplies.
"Grainger's investment in OrderZone.com demonstrates our intent to grow the business-to-business e-commerce sector," said Daniel Hamburger, president, Grainger Internet Commerce. "According to Business 2.0 magazine, we are witnessing the emergence of an Internet economy in which business-to-business e-commerce accounts for more than 70 percent of all online revenues."
OrderZone.com joins Grainger.com® in providing businesses with an efficient e-commerce solution for business purchasing. "For more than 70 years, Grainger has built its business by providing a convenient source for companies to buy what they need, when they need it," said Richard Keyser, chairman and CEO, W.W. Grainger, Inc. "The OrderZone.com and Grainger.com Web sites continue this trend by providing our tradition of quality and reliability through this increasingly popular medium."
W.W. Grainger, Inc. (GWW) with 1998 sales of $4.3 billion, is the leading North American provider of maintenance, repair, and operating (MRO) supplies, services, and related information to businesses and institutions. GWW shares are traded on the New York and Chicago stock exchanges. For more information, visit Grainger online at ( http://www.grainger.com ).
CONTACT: Staci Dolgin-Rubinstein of Grainger Internet Commerce, 847-573-2666, or e-mail, firstname.lastname@example.org; or Dan Romanoff, of PR 21, 312-396-9752, or e-mail, email@example.com, for Grainger Internet Commerce.