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EMPTORIS NAMED "BEST OF THE WEB" BY FORBES MAGAZINE
Collaborative
Strategic Sourcing Software Provider Cited as Key B2B Technology
Enabler
Burlington,
Mass., August 13, 2001 - Emptoris, Inc., a leading provider
of Web-based collaborative strategic sourcing solutions, today announced
that it was recently selected by Forbes Magazine as one of the top
business-to-business (B2B) technology enablers in the publication's
"Best of the Web B2B Directory, Summer 2001." Forbes editors
conferred with industry experts to compile a list of the most promising
B2B companies in 26 different industries. This year's companies
were evaluated on strategy, execution, financial staying power and
their websites. To read more please go to http://www.forbes.com/bow/b2b/main.jhtml.
Emptoris'
ePASS, a Web-based collaborative strategic sourcing solution,
enables enterprises to streamline the strategic sourcing process,
determine the optimal supply base allocation, and forge tighter
buyer/supplier networks. ePASS customers include Samsung America,
Molson, Staples and VerticalNet.
"Emptoris
is pleased to be recognized by Forbes Magazine as a leading B2B
technology enabler," said Avner Schneur, president and CEO
of Emptoris. "Our goal is to be the leader in providing strategic
sourcing solutions that help enterprises reduce the time it takes
to source essential goods and services, and dramatically cut sourcing
costs. Being named to Forbes 'Best of the Web B2B Directory,'
along with our recent customers wins, such as Staples and Molson,
is evidence that we are succeeding in reaching this goal."
About
ePASS
By implementing Emptoris' ePASS, multiple purchasing organizations
across an enterprise can efficiently aggregate and disseminate
their sourcing needs to their primary suppliers. Using ePASS'
collaborative sourcing capabilities, primary suppliers can interact
with other suppliers to quickly respond to the buyers' overall
demand. Through ePASS' optimization-based decision support technology,
buyers can quickly analyze all purchasing scenarios through scientific
algorithms to come to the optimal supply base allocation. Combining
advanced collaboration, sourcing event management and decision
support capabilities, ePASS enables enterprises to streamline
the strategic sourcing process, determine the optimal supply base
allocation, and forge tighter buyer/supplier networks, allowing
buyers to lower the total cost of ownership while enabling suppliers
to differentiate themselves through product criteria, historical
performance and flexible pricing structures. A flexible, end-to-end
strategic sourcing solution, ePASS is offered either through a
software license or as a hosted application, and can be easily
integrated and customized through Emptoris' industry-leading professional
services.
About
Emptoris, Inc.
Emptoris is a leading provider of collaborative strategic sourcing
solutions that support the end-to-end sourcing activities of multi-tier
buyer/supplier networks. By implementing ePASS (Electronic
Procurement Application for Strategic Sourcing), enterprises can
streamline the strategic sourcing process, determine the optimal
allocation of business among suppliers, and forge tighter buyer/supplier
networks. Through a functionally rich sourcing and communications
platform, ePASS facilitates efficient buyer/buyer, buyer/supplier,
and supplier/supplier collaboration. Key benefits include lower
costs, shorter sourcing cycles, and improved sourcing productivity.
Emptoris, a privately held company, is headquartered in Burlington,
Massachusetts.
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