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FOR IMMEDIATE RELEASE
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Contact:
Colleen Rolph, Business Manager
Interactive Training, Inc.
Tel: (508) 820-8634
cvrolph@trainingforum.com
INTERACTIVE TRAINING, CHADWICK MARTIN BAILEY, AND NEW ENGLAND SUPPLIERS INSTITUTE TO DEVELOP ASSESSMENT TOOLKIT FOR WEB
FRAMINGHAM, MASSACHUSETTS, February 28, 1997 -- Interactive Training, Inc., (IT), a provider of digital media solutions for the training market, Chadwick Martin Bailey (CMB), a market and organizational measurement firm, and New England Suppliers Institute (NESI), a not-for-profit organization focusing on organizational growth through business relationships, today announced an agreement to develop a "Supply Base Management" (SBM) Assessment Toolkit which will reside on IT's award winning Web site, TrainingForumTM. The Toolkit will be available in Summer, 1997.The SBM Assessment Toolkit allows organizations to assess their Supply Base management capabilities in great depth. This measurement system is related to the supplier management sections of the Malcolm Baldrige National Quality Award Program. The purpos e of this Internet-based solution is to provide the means for professionals to independently assess their strengths and weaknesses using a structured SBM Assessment tool in order to help their companies achieve improved performance and greater market resp onsiveness.
"This solution is the first of its kind. By allowing organizations immediate access to an SBM improvement tool, they are better able to make the internal improvements that lead to enhanced performance of their organization and of their supply base." said Robert Scott, IT's Director of Internet Products. "The infrastructure leverages TrainingForum's major strengths which are on-demand assessment, feedback, and delivery ."
John Martin, Chairman of CMB and a former Baldrige examiner, commented, "We're very excited to initiate this first project with IT. CMB sees many opportunities for expanding its assessment and consulting capabilities through the Internet. IT's technolog y and delivery system create a significantly improved value model for collecting and analyzing assessment information." Sherry Gordon, Executive Director of NESI, added, "Providing innovative, leading edge tools to customers and suppliers to improve thei r business performance is critical to our mission. Partnering with IT and CMB will help us meet that objective."
Supply Base Management is the integration of internal company resources to work effectively with external suppliers. The objective is to enhance a company's overall performance through improved manufacturing capability, market responsiveness, and custome r-supplier relationships. Typical operational improvements from integrating the supply base include improvement in on-time delivery from suppliers, inventory reduction, order fulfillment cycle time, forecast accuracy, and overall increase in productivity.
Chadwick Martin Bailey, based in Boston, Massachusetts, designs customized measurement programs to provide actionable information for marketing and organizational decisions, e.g. market potential, customer loyalty, brand equity, organizational effectivene ss, and supplier management. CMB serves a global base of manufacturing, healthcare, retail, government, and financial services organizations.
New England Suppliers Institute is a not-for-profit organization that enables suppliers and their customers to achieve excellence in their business relationships. The Company does this by providing leading edge expertise, innovative tools, and practical techniques to improve cost, quality, and responsiveness. The SBM Improvement Process is one significant aspect of its work.
Interactive Training, Inc. provides on-line solutions to meet corporate training and testing needs. IT integrates CD-ROM and Internet media in creating Training On-Demand (tm) systems that can be accessed from individual workstations or deployed on corpo rate intranets. The Company targets its solutions to meet customer needs in specific market segments, including healthcare and manufacturing. IT's Web site, TrainingForum (http://www.trainingforum.com/), was recently recognized by NetGuide as a four star Gold Site winner placing in the top 5% of 100,000 sites that were reviewed.
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