Commerce One Delivers New Strategic Sourcing Solution.Business Editors/High-Tech Writers PLEASANTON, Calif.--(BUSINESS WIRE)--Dec. 12, 2001 Best-of-Breed Sourcing Capabilities Combined with Proven Commerce One Platform to Enable Enterprise-Wide Strategic Sourcing Commerce One, Inc. (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ) today announced Commerce One Source(TM), a comprehensive sourcing solution designed to deliver rapid return on investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ) by enhancing visibility and control across the entire sourcing process for direct and indirect materials and services. Commerce One Source is currently in Beta release See beta version. with customers and will be generally available in December 2001. Commerce One Source is powered by a unique, integrated business process engine, enabling the creation of business process flows tailored to support industries, companies and even individual supplier relationships. These process flows help organizations construct simplified, repeatable processes across the enterprise, creating the opportunity for new levels of efficiency and ROI. Built on the company's proven e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. platform, Commerce One Source helps enterprises automate To turn a set of manual steps into an operation that goes by itself. See automation. and orchestrate or·ches·trate tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates 1. To compose or arrange (music) for performance by an orchestra. 2. critical sourcing and negotiation processes within the organization and extend them onto the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the to connect with trading partners. These capabilities are designed to deliver ROI through faster time-to-market for products, reduced cost for 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. and faster production cycles through better communication, negotiation and contract compliance. "Commerce One Source combines new, competitively distinct sourcing capabilities with Commerce One's proven e-commerce platform," said Dennis H. Jones, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Commerce One. "This combination enables enterprises to extend their visibility and control over the entire strategic sourcing process, while connecting silos of information and action both inside the enterprise and with trading partners anywhere, anytime." The Commerce One e-commerce platform also provides integration with existing enterprise ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and supply chain applications, along with the full suite of Commerce One procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and e-commerce solutions, to automate the complete source-to-pay process. Unlike traditional e-commerce solutions, the Commerce One platform provides business process management capabilities to coordinate sourcing processes across multiple organizations and enterprise applications. "In today's down economy, e-Sourcing provides one of the most rapid and direct means for companies to identify and achieve hard-dollar cost savings," said Tim Minahan, vice president, Supply Chain Research, Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. . "With Commerce One Source, Commerce One has expanded on its traditional online negotiation and auction capabilities to support more sophisticated and complex sourcing collaboration and decision support capabilities. Together, these components provide a compelling platform for addressing the complete sourcing cycle -- from spending analysis through contract award and management." Key capabilities of Commerce One Source include: Sourcing Guides an enterprise through the complete sourcing cycle, using sophisticated supplier management tools to gather critical information about suppliers. Easy-to-use RFx and project management capabilities speed the negotiation process. The application is designed to enable enterprises to improve collaboration with suppliers throughout the bidding and negotiation processes and to help buyers make the best decisions. Features include: RFx (requests for information, proposal and quote) Allows buyers to build complex bid packages. Buyers can bundle line items and specify criteria; suppliers can bid on partial or complete packages. Negotiation Provides structured one-on-one negotiation capabilities. Quotation QUOTATION, practice. The allegation of some authority or case, or passage of some law, in support of a position which it is desired to establish. 2. Quotations when properly made, assist the reader, but when misplaced, they are inconvenient. Analysis Supports "what if" scenarios and allows comparison of bid packages. Supplier Performance Management Provides tools for rating, categorizing, analyzing and tracking supplier performance. Sourcing Activity Reporting Capabilities range from basic process activity reports to spend and performance analysis by line item, commodity and supplier. Auction Reverse auction supports both strategic and ad-hoc sourcing efforts including real-time interactive bidding for direct and indirect goods and services. Enhanced multi-variable bidding allows buyers to analyze incoming bids by rank, weight and user-defined formulas. The module handles a variety of auction types and bids to source anything from commodity items to complex engineered goods. Sourcing Intelligence Sourcing Intelligence allows buyers to analyze spending by commodity, supplier, project or contract. The module enables in-depth analysis, ensuring enterprises have the information required to develop an effective sourcing strategy. Contract Management (Scheduled Availability, Q1 2002) Encompasses the entire lifecycle of the contract, providing tools for creation, review, negotiation, award and management. Analysis tools improve contract compliance through supplier performance ratings See benchmark. for attributes such as price, delivery and quality. The Commerce One Platform Commerce One Source is built on the Commerce One platform, an integration and e-commerce platform that links and orchestrates enterprise legacy applications and interaction with trading partners. The platform provides seamless, real-time information exchange to automate and streamline business processes within and outside the enterprise. About Commerce One Commerce One (Nasdaq:CMRC) is the e-marketplace company. Through its software, services and Global Trading Web(TM) of interconnected business communities, Commerce One enables worldwide commerce on the Internet. With headquarters in Pleasanton, California Pleasanton, nicknamed "P-town"<ref name="">Ptown (Pleasanton) Bike Advocates Meeting, East Bay Bicycle Coalition website, August 14, 2007, retrieved August 17, 2007, is a city in Alameda County, California and was incorporated in 1894. and offices around the world, Commerce One can be reached by phone at 800 308 3838 or +1 925 520 6000 or via the Internet at www.commerceone.com. Forward Looking Statements This press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements discuss the potential benefits of Commerce One's Source product and Commerce One products generally. Among the potential benefits attributed to the sourcing product, and/or other Commerce One products, are the following: improved management of sourcing and negotiation processes; shortened short·en v. short·ened, short·en·ing, short·ens v.tr. 1. To make short or shorter. 2. product-to-market cycles; reductions in the cost of goods and services; improved return on investment; faster production cycles through improved communication, negotiation, and contract compliance; the potential for improved collaboration with suppliers throughout the bidding process; real-time interactive bidding; effective integration with existing enterprise ERP and supply chain applications; coordination of sourcing processes across multiple organizations and multiple software applications; easy to use templates; the ability to build complex bid packages and map responses; the ability to analyze spending by commodity, supplier, project, or contract; and the ability to conduct multi-dimensional spend and performance analysis. The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Commerce One are intended to identify such forward-looking statements. These statements reflect the current views and assumptions of Commerce One, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These factors include, but are not limited to, the following: the potential that the Source product may not operate as effectively as expected, either with respect to the anticipated benefits described above or in other areas of performance; the possibility that other Commerce One applications may not meet user expectations, either by themselves or in conjunction with the Source product; various external factors, including economic conditions, that may impact the results obtained by particular customers; potential delays or complications in the release of the Source product; and potential problems as to the cooperation between Commerce One and its partners, or among the parties who use the products or those parties who produce or license third-party software that may be integrated with the Commerce One applications. The information provided in this press release is current as of the date of its publication. Commerce One expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any changes in expectations, or any change in events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or on which those statements are based, unless otherwise required by law. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000 and its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2001. Note to Editors: Commerce One, Many Markets. One Source. Global Trading Web, Commerce One.net, BuySite, MarketSite, eLink, MarketWise, Net Market Maker, XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Common Business Library, XML Development Kit, XML Commerce Connector, MarketSite Builder and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. |
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