Chemicals Manufacturer Adopts Verticalnet XE Supply Management Solutions; Global Manufacturer Follows Successful Pilot Project with Worldwide Rollout.MALVERN, Pa. -- Verticalnet, Inc. (Nasdaq:VERT), a leading provider of supply management solutions, today announced that a FORTUNE 1000(TM) global chemicals manufacturer has signed a long-term subscription to the Verticalnet XE Negotiation Manager module to automate To turn a set of manual steps into an operation that goes by itself. See automation. its sourcing processes. The manufacturer, which piloted the Verticalnet eSourcing solution in 2004 and achieved significant savings, is now rolling out the Verticalnet XE platform globally. The customer, with the support of its global management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects partner Pittiglio Rabin Todd & McGrath (PRTM PRTM Parks, Recreation, and Tourism Management PRTM Printing Response Time Monitor PRTM Pittiglio, Robin, Todd and McGrath (management consulting firm) ), will use the Verticalnet XE Negotiation Manager module to automate its sourcing process to generate sustainable bottom line savings. They have also signed a short term subscription to the Verticalnet XE Spend Manager module to perform spend analysis across business units and identify opportunities to achieve enterprise sourcing leverage. In addition, the customer has engaged Verticalnet to provide value-added consulting and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to assist the customer with implementation, spend data classification and normalization In relational database management, a process that breaks down data into record groups for efficient processing. There are six stages. By the third stage (third normal form), data are identified only by the key field in their record. , and training. "Verticalnet's on-demand solutions will allow our client to get a rapid start on the project, and its spend analysis expertise will be critical to conducting a global spend analysis quickly and accurately," said Bob Bruning, a Principal with PRTM's Operations Excellence group. "During the pilot, Verticalnet's eSourcing software demonstrated that it is easy to use, adapts to our sourcing methodology, and the results speak for themselves." Brent Brent, outer borough (1991 pop. 226,100) of Greater London, SE England. The area is a rail and industrial center. Its manufactures include automobile parts, clocks and watches, and electrical equipment. W. Habig, Verticalnet's EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition of Sales and Consulting, said, "Leading mid-sized corporations are learning that they can match the supply management capabilities of much larger companies by subscribing to the Verticalnet XE suite of on-demand solutions. Our solutions enable them to access leading edge functionality through a subscription model, lowering their costs and project risk. We look forward to working with them to build on their early strategic sourcing successes." About Verticalnet Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble nim·ble adj. nim·bler, nim·blest 1. Quick, light, or agile in movement or action; deft: nimble fingers. See Synonyms at dexterous. 2. enough to provide individual attention and remain focused on customer priorities, Verticalnet has helped numerous Global 2000 companies take their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise. To learn more, please visit us at www.verticalnet.com. About PRTM PRTM (www.prtm.com) works closely with leading companies worldwide to achieve breakthrough business results--fast. Since 1976, we've delivered measurable value to our clients, earning one of the highest levels of repeat business in the management consulting industry. PRTM is also a recognized thought leader and innovator. There are 14 PRTM offices and more than 400 consultants in the U.S., Europe, and Asia. Verticalnet is a registered trademark or a trademark 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. and other countries of Vert Tech LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . |
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