Adding Another Fortune 500 Company to Its Portfolio of Clients, Softface Announces PPG Industries, Ranked 233 in FORTUNE 500, Has Selected Softface Procurement Intelligence to Drive Savings.Business Editors/High-Tech Writers WALNUT CREEK Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif.--(BUSINESS WIRE)--Sept. 8, 2003 Softface, Inc., The Procurement Intelligence Company, today announced that PPG Industries PPG Industries (NYSE: PPG) was founded in 1883 as the Pittsburgh Plate Glass Company. PPG is an American manufacturer of glass and chemical products, including automotive safety glass. (NYSE NYSE See: New York Stock Exchange :PPG PPG Points Per Game (basketball player statistic) PPG Power Play Goals (hockey) PPG Planning Policy Guidance (UK) PPG Programmable Pulse Generator PPG Power Puff Girls ), a leading diversified, $8.1 Billion manufacturer of coatings, glass, fiber glass and chemicals, ranked 233 in the FORTUNE 500, has selected the Softface Procurement Intelligence Suite to help cleanse cleanse tr.v. cleansed, cleans·ing, cleans·es To free from dirt, defilement, or guilt; purge or clean. [Middle English clensen, from Old English item descriptions from over 20 worldwide data sources into highly structured supply chain information. Once usable for analysis, the cleansed cleanse tr.v. cleansed, cleans·ing, cleans·es To free from dirt, defilement, or guilt; purge or clean. [Middle English clensen, from Old English item information will assist in sourcing efforts at PPG Industries that are saving the company millions of dollars. The Softface Procurement Intelligence Suite will additionally be leveraged in an online environment to ensure that suppliers bid on sourcing events with precise accuracy. "With the perfectly structured and attribute-rich information that the Softface solution will provide us, we expect to analyze our spending at a highly detailed level to support strategic sourcing decisions and we will be able to track our savings over time. With this product, we now have the ability to automate a crucial piece of our supply chain infrastructure that will provide us a significant competitive advantage," said Jim Polak, Director of General Purchasing at PPG Industries. Prior to selecting the Softface product, PPG Industries utilized a manual approach that was unable to manage the hundreds of thousands of purchasing transactions executed throughout the company. With over 20 different data sources, each with its own item descriptions and groupings, reconciling all the data in one place to support corporate-level strategic sourcing was difficult. The Softface Procurement Intelligence Suite was selected for its ability to consolidate information quickly and accurately into precisely cleansed information. The Softface technology enables PPG Industries to execute sourcing events and then measure success against the new contracts by providing the highly structured and detailed commodity, services, and supplier information that is core to a successful, repeatable sourcing process. "Softface offers its customers a noninvasive solution to achieve intelligence about their procurement and sourcing processes. The Softface solution surrounds the purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements with an intelligent technology that keeps data clean, which enables companies, like PPG, to accelerate their sourcing processes and have unmatched visibility into their spending. Not only did we save PPG Industries money in the short term, but like other Softface customers, they will continue to save millions of dollars in spending every year," stated Olivier Sermet, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Softface. Softface customers, predominantly Fortune 500 companies, generally achieve in excess of 6% savings from their overall indirect spending, which in many cases represents tens of millions of dollars in savings each year. About PPG Industries Pittsburgh-based PPG Industries is a global supplier of glass, coatings, fiber glass and chemicals, with 120 manufacturing facilities and equity affiliates in 23 countries. Sales were $8.1 billion in 2002. In 2003, PPG is ranked 233 in the FORTUNE 500. About Softface, Inc. Softface is the Procurement Intelligence Company. Softface's solutions speed and simplify the transformation of previously unusable product, services, and supplier data into intelligence that helps our customers save millions of dollars. Our Global 1000 customers leverage our proven core technology to transform the data they already own, inside their transaction systems, into granular spending visibility and precise product content. The results of Softface's solutions drive cost-effective decisions, increase revenues, and enhance profits. Softface's products include the Procurement Intelligence Suite and the Enterprise Content Suite. Global 1000 customers include Royal Caribbean Cruise LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability , Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. , Hagemeyer North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Wilson Supply and Sasol. Softface is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. located in Walnut Creek, Calif. For more information on Softface, visit the company's web site at www.softface.com or call toll-free 1-866-763-8322. Softface, Softface Content Console, Softface Procurement Intelligence Console, Softface Designer, Softface Engine, Softface Procurement Intelligence Suite, and Softface Enterprise Content Suite are trademarks of Softface, Inc. All other company and product names mentioned herein are trademarks or registered trademarks of their respective holders. |
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