AUBURN HILLS, MI--(Marketwire - March 18, 2009) - Plex Systems, Inc., provider of Plex Online software for the manufacturing enterprise, today announced the availability of supplier and customer consignment features, which manage and track consigned inventory received from suppliers or shipped to customers -- helping optimize cash flow and ensure uninterrupted product availability.

The world's leading manufacturers use Plex Online to improve cash flow by paying only for raw materials or parts as they are consumed. This helps companies reduce inventory storage costs, cut premium freight charges, and speed production cycles. Inventory usage data automatically triggers materials requirement planning, invoicing, shipping and purchasing, without the need for error-prone manual, data entry.

"Traditional accounting, ERP or inventory software systems do not handle consignment inventory adequately. Most manufacturing companies can't take advantage of consignment, or are forced to track the process manually with double data entry," noted Mark Symonds, president and CEO, Plex Systems, Inc. "The Plex Online system automatically tracks the movement and accounting of inventory that is in the possession of a customer or supplier, in real time. That means the manufacturer always has an accurate inventory count, and only pays for the inventory after it is consumed, resulting in favorable accounts payable and accounts receivable schedules. Plex Online tracks the entire process seamlessly."

With Plex Online supplier consignment, inventory from a supplier is delivered to the warehouse and consumed and invoiced directly from stock. From the customer consignment side, invoicing, inventory retirement, and replenishment can occur at time of shipment or customer usage. And because Plex Online is a web-based, software as a service (SaaS) solution, no additional "portal" needs to be set up for communications with suppliers or customers.

Plex Systems, Inc. (formerly Plexus Systems, Inc.) is the developer of Plex Online, an on-demand software solution for manufacturers. Plex Online includes over 350 functional modules to manage operations from the shop floor to the top floor, including manufacturing execution system (MES) modules such as quality management, traceability and machine integration, enterprise resource planning (ERP) modules such as accounting and human resources, customer relationship management (CRM) modules such as order entry and tracking, and supply chain management (SCM) modules such as supplier quality management and corrective actions/preventive actions (CAPA). Plex Online's SaaS model delivers reduced cost of operations, faster implementations and a continuously improving feature set.

About Plex Systems, Inc.

Since 1995, Plex Systems, Inc. (Auburn Hills, Mich.) has maintained a singular vision -- to drive significant cost, quality and productivity improvements for manufacturers, from the shop floor to the top floor, using the software as a service (SaaS) model. Today, Plex Online's ERP functionality also enables manufacturers to manage accounting, financials, regulatory compliance, human resources and other critical priorities, based on real-time, highly accurate data from their manufacturing operations. Plex Systems serves a global cross-section of manufacturing industries (OEMs and suppliers), particularly automotive, medical device, aerospace and defense, and food & beverage companies. In 2006, Apax Partners (www.apax.com) made a strategic investment in Plex Systems, joining the founding investment group as stakeholders in Plex. For more information, visit www.plex.com.

Plex Systems and Plex Online are trademarks of Plex Systems, Inc.