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Overstock.com Successfully Implements HighJump Software's Warehouse Advantage® SuiteInternet Liquidation Leader Anticipates 15 Percent Labor Savings From Industry's Most Adaptable Supply Chain Execution Solution MINNEAPOLIS (December 17, 2001) -HighJump Software™, the premier provider of adaptable, Internet-powered Supply Chain Execution (SCE) and collaborative fulfillment solutions, today announced that Overstock.com, the internet leader for name-brands at clearance prices, has successfully implemented HighJump Software's Warehouse Advantage® Suite. HighJump Software's comprehensive suite of SCE solutions went online in October 2001 at Overstock.com's 200,000-square-foot distribution center, which handles the picking, packing, and distribution of Overstocks' 4,000+ SKUs. Overstock.com utilizes Warehouse Advantage Suite to ensure speed and accuracy in the company's picking, packing, receiving, and delivery operations. The solution also provides real-time visibility of inventory and order status, and complete automation of the fulfillment process. As importantly, Warehouse Advantage Suite's unique industry-leading adaptability tools empower Overstock.com to cost-effectively tailor the solution to its unique and ever-changing business requirements. "During the selection process, we evaluated a variety of supply chain solution software providers and we chose HighJump Software because they offered the most feature-rich, cost-effective solution," says Jim Hyde, vice president of operations for Overstock.com. "We're encouraged by the initial success and speed of this implementation and the underlying adaptability of the solutions' architecture that helps us meet our own very specific needs." According to Hyde, Overstock.com anticipates that the implementation
of Warehouse Advantage Suite will reduce labor costs by 15 percent. "Warehouse
Advantage Suite provides us with real-time visibility into our inventory.
The solution enables us to track picked goods through the order fulfillment
process. This capability will result in a dramatic improvement in inventory
control, thus enhancing operating efficiency and reducing labor Hyde adds, "This was the smoothest software installation
I've ever seen. Our normal order volume at this point in our growth ramp
(and in an off-peak month) is approximately 1,700 orders per day. The
day we took Warehouse Advantage Suite live, we fulfilled 800 orders; the
next day we did 900; and on the third day we were at full volume." Overstock.com and more than 700 satisfied customers worldwide — across such industries as high tech, retail, logistics, chemical, energy, and consumer products-have purchased SCE solutions from HighJump Software. About HighJump Software HighJump Software is the leader in leveraging the power
of the Internet to deliver the most flexible and adaptable
supply chain solutions that help businesses gain competitive advantage.
Ideal for manufacturers, distributors, e-businesses, and third-party logistics
companies, HighJump Software offers innovative, flexible, and affordable
warehouse management and data collection solutions. With headquarters
in Eden Prairie, Minn., HighJump Software counts among its customers more
than 700 premier companies that have benefited from its full-system approach-an
approach that includes software, hardware, About Overstock.com Overstock.com is a privately held company located in Salt
Lake City, Utah. Overstock.com acquires excess inventory through massive
closeout purchases and bankruptcies, and liquidates it through the Internet,
passing tremendous savings along to its customers. Capitalized and managed
by a team with a successful track record in value investing and managing
offline and online companies, Overstock.com can be found online at http://www.overstock.com
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