Minneapolis, MN, August 31, 2000: ebXML, the United Nations sponsored global standard for electronic business
over the Internet, has adopted Logistical Software's model for Resources
and Contracts.
The Resources and Contracts design is a key section of ebXML. Resources include products, materials, services and financial instruments. Contracts include long term contracts, releases, purchase and sales orders.
The Resources and Contracts section contains all of the business
semantics of ebXML - it is the framework for ebXML to integrate
with internal business systems.
The Resource and Contracts design is based on REA - a framework for economic business modeling. REA stands for Resources, Events and Agents. Logistical has been the driving force in extending REA for business-to-business collaboration. The result was the ebXML Resources and Contracts model.
Members of the Global Commerce Initiative (GCI) have announced plans
to use ebXML as the backbone of their new data exchange standard for business-
to-business trade in the consumer goods industry. GCI members include 40 major manufacturers and retailers as well as eight trade associations, which in total represent 850,000 companies.
“It is clear to us that ebXML will soon become the standard for all
global trade.” said Peter Jordan, director of European systems for Kraft Foods
and member of the GCI Board of Directors.
About ebXML
ebXML (http://www.ebXML.org) is an International Initiative established by
UN/CEFACT and OASIS in late 1999 with a mandate to undertake an 18-
month program of work to research and identify the technical basis upon which
the global implementation of XML (Extensible Markup Language) can be
standardized. A primary objective of ebXML is to lower the barrier
of entry to electronic business in order to facilitate trade, particularly with respect to small- and medium-sized enterprises (SMEs) and developing nations.
About Logistical Software LLC:
Logistical Software (http://logisticalsoftware.com) is an Internet supply
chain software development company located Minneapolis, MN (USA). Logistical
has developed an REA-compliant, multi-company business model that enables
real-time, collaborative interactions among trading partners over the
Internet.
Logistical's has implemented its REA based resource and contract model
in it's Supply Chain Action Network software.
About UN/CEFACT
UN/CEFACT (http://www.uncefact.org) is the United Nations body whose mandate
covers worldwide policy and technical development in the area of trade
facilitation and electronic business. Headquartered in Geneva, it has developed
and promoted many tools for the facilitation of global business processes
including UN/EDIFACT, the international EDI standard.
About OASIS
OASIS (http://www.oasis-open.org) is the world’s largest independent,
non-profit organization dedicated to the standardization of XML
applications.
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