Bombay Company Saves Over 27% Using Sorcity.com Reverse-Auction Service; Purchasing Department Improves Company Profitability.DALLAS -- Bombay Company The Bombay Company is a furniture and home accessories retailer based in Fort Worth, Texas, United States. History It was founded in 1978 by Brad Harper in New Orleans as a mail-order company. Harper later opened two retail stores in New Orleans. , designer and marketer of furniture and home accessories through more than 400 stores worldwide, has saved over 27% on purchases by using the Sorcity.com Reverse-Auction Internet service. Recognized for the past six years as a leading provider of Reverse-Auction services, Sorcity helps Supply Managers accelerate purchasing steps and virtually eliminate the time spent on negotiating lower prices, by allowing suppliers to compete for this business in a downward auction. Kay McCarthy, C.P.M. and Director of Purchasing for The Bombay Company, who led this new sourcing method says, "We have been using Sorcity for several years because it doesn't come with the baggage of software or consulting solutions. It's an easy service that includes several professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to ensure we get the lowest price on the 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. we buy, without disrupting our internal processes. And there's no cost to us." "Another advantage we discovered is that Sorcity can save us days on each purchase sourced. It also solved a major concern in that we are able to maintain several of our current supplier relationships but with a lower price," says McCarthy. From a financial standpoint, Reverse-Auctions cut the price a company pays for goods and services, which can represent millions of dollars in savings. In the case of Bombay, if the savings are large enough, it could reflect even better retail prices to consumers, possibly increasing sales. "Bombay has used Reverse-Auctions to source diverse products like air mattresses, adhesive labels, warehouse strapping tape and carton tape." McCarthy continues, "The most impressive savings thus far have resulted from POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale tape and Stretch film but we now have larger, multi-year purchases planned for Reverse-Actions to save on corrugated cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. cartons, office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). , light bulbs, store fixtures, visual props, mill work and possibly even signage printing." Wes Guillemaud, 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. of Sorcity.com says, "Our goal is to deliver 10-20% savings to our clients entire spend without asking them to invest time or money. Our philosophy is simple: Make it easy and highly rewarding for Supply Managers to use our service, and we will commit to making them more successful and valuable. It's an easy way for purchasing directors and CFOs to shine." Bombay: http://www.bombaycompany.com Sorcity: http://www.sorcity.com |
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