CHICAGO, Sept. 8 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW), has
announced a multi-year agreement with Requisite Technology, Inc., a leader in
electronic catalog technology and content services, as part of a
broad-reaching initiative to enhance the way it serves customers and
suppliers. The two companies will utilize web-based technologies to build and
maintain Grainger's product information, making it easily accessible over the
Internet or inside a customer's purchasing systems. Grainger also announced
it participated in Requisite Technology's recent round of financing, as part
of its emphasis on electronic commerce.
"We believe that helping end-users find solutions to real problems quickly
and accurately is key to how we create value for our customers and suppliers,"
said Grainger Group President, Don Bielinski. "This is reflected in the
success of our electronic catalog and Internet commerce initiatives.
Requisite will help us create a seamless flow of product information from our
suppliers, through Grainger, to our customers. We plan to significantly
improve the indirect materials supply process and drive down its total cost."
Requisite's electronic cataloging technologies and content services
include an integrated text and parametric finding engine, and tools for
sophisticated data authoring, maintenance and publication. "Their ability to
bring order to large volumes of product information in an easily and
intuitively searchable electronic format, will make life a lot easier for our
customers and suppliers," Bielinski added.
W.W. Grainger, Inc. (GWW), with 1997 sales of $4.1 billion, is the leading
distributor of maintenance, repair, and operating (MRO) supplies and related
information to the commercial, industrial, contractor, and institutional
markets in North America. GWW shares are traded on the New York and Chicago
stock exchanges. For more information, visit Grainger on-line at
http://www.grainger.com.
SOURCE W.W. Grainger, Inc.
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Related links:
http://www.grainger.com
CONTACT:
Peter Hirsch of W. W. Grainger, 212-601-8109
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