Aventis Pharmaceuticals Deploys the BayBuilder SmartBuyer Platform in Search of Procurement Savings.Business Editors/High Tech & Medical Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--March 1, 2001 Leading Pharmaceutical Manufacturer Makes Strategic Move With Electronic Sourcing Initiative BayBuilder(TM), the leading Internet procurement price negotiation tool provider, today announced that Aventis Pharmaceuticals, the U.S. pharmaceuticals business of Aventis Pharma AG, has agreed to pilot the BayBuilder SmartBuyer(TM) Platform to create global economies of scale and supply chain efficiencies with its suppliers and trading partners via the Internet. Aventis Pharmaceuticals will use BayBuilder's SmartBuyer solution to test the viability of electronic sourcing automation for the purchase of indirect materials and assets. BayBuilder's service will enable Aventis Pharmaceuticals to expand its use of reverse auction and other sourcing technology to the desktop platform, resulting in time and cost savings with a fast return on investment. With U.S. sales of over $4 billion and approximately 8,000 employees in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Aventis is one of the world's leading drug companies. This agreement with BayBuilder furthers Aventis' position as an E-Commerce innovator in its business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . "Aventis is excited to explore the BayBuilder SmartBuyer solution in 2001. Under our agreement, BayBuilder sourcing technology will be available for Aventis Pharmaceuticals to convert requests for proposals into functional online bidding events very quickly and easily," said Emmanuel Lawrence, Manager ofInformation Technology Purchasing at Aventis. The BayBuilder SmartBuyer(TM) Platform helps companies realize greater economies of scale and commerce process efficiencies, resulting in lower costs and competitive advantage without deploying potentially time-intensive and expensive internal IT resources. The BayBuilder SmartBuyer solution and service will provide Aventis with a reliable desktop tool that electronically aggregates suppliers across many areas of direct and indirect goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. purchasing to allow bidding events with full information transfer, dynamic content and multi-dimensional quotation factors. Because BayBuilder solutions are delivered in an ASP format and snap-on to Aventis's existing system infrastructure, the initial rollout of the BayBuilder solution at Aventis has been completed in less than 2 business days. About Aventis Aventis Pharma AG is the pharmaceutical company of Aventis S.A. (NYSE NYSE See: New York Stock Exchange :AVE), a world leader in pharmaceuticals and agriculture. Aventis is dedicated to improving life through the discovery and development of innovative products in the fields of prescription drugs prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, , vaccines, therapeutic proteins, crop production and protection, animal health and nutrition. Aventis announced in November 2000 that it intends to focus on pharmaceuticals and plans to divest its activities in agriculture. With its global corporate headquarters in Strasbourg, France, Aventis employs around 95, 000 people in more than 120 countries and recorded pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma sales in 1999 of 20.5 billion euros. Aventis was launched in December 1999 through the merger of Hoechst AG Hoechst AG was a German life-sciences company that became Aventis after its merger with Rhône-Poulenc S.A. in 1999. It has been called "The pharmacy of the world" due to its important role in the world's drug market. of Germany and Rhone-Poulenc SA of France. For more information, visit www.Aventis.com . About BayBuilder BayBuilder is the leading provider of strategic sourcing tools for enterprise procurement by prominent enterprises around the world. BayBuilder delivers its SmartBuyer(TM) solution to Fortune 1000 and Global 2500 corporations in a broad range of industries that value lower costs and an enhanced sourcing process. Clients including Lexmark International, Lennox International Lennox International Inc. (NYSE: LII) is a leading global provider of indoor climate-control solutions. The company designs, manufactures and markets a wide range of heating, ventilation, air-conditioning, refrigeration, indoor air quality and hearth products for residential and , and Arch Coal Arch Coal (NYSE: ACI) is a United States coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Coal is the second largest supplier of coal in the U.S. , Inc. have helped send over half a billion dollars in total auction volume through the system since August 2000. SmartBuyer(TM) is a fully-hosted and supported, best-of-breed platform for buyers to take advantage of value-added corporate purchasing tools and : reverse auctions that electronically enable suppliers to compete for business online. With additional features including Supplier Survey, RFI (Radio Frequency Interference) High-frequency electromagnetic waves that emanate from electronic devices such as chips. RFI - Radio Frequency Interference , and Consortium Purchasing, SmartBuyer is regarded as the most advanced technology platform available today. BayBuilder can be contacted in the U.S. at 888/516-2297 or found on the Web at http://www.baybuilder.com. |
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