Commerce One Hosts Strategic Sourcing Seminar Series; Free Seminars in 14 Cities to Demonstrate Strategic Sourcing for Companies Seeking Short-Cycle ROI.Business Editors/High-Tech Writers PLEASANTON, Calif.--(BUSINESS WIRE)--Feb. 25, 2002 Commerce One (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) ), the Business Internet Company, today announced it is hosting strategic sourcing seminars in 14 cities across 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. in February and March. The free, half-day seminars are premier events for enterprise executives looking to improve bottom line performance by increasing revenue and reducing costs for their companies. Attendees will receive critical information on how to optimize optimize - optimisation their sourcing and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. practices, improve business processes and achieve rapid, measurable return on their software investments. Highlights of the interactive Optimize Sourcing seminars include real business scenarios on companies reducing their operational costs, discussions on the value of using strategic sourcing as a cost-cutting tool, presentations from one of Commerce One's key partners, Compaq, along with demonstrations of leading-edge automation solutions for the source-to-pay process. "Strategic sourcing solutions can deliver significant cost savings opportunities for companies by streamlining the source-to-pay process and providing visibility and control across the entire 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 ," said Dennis H. Jones, vice chairman, 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. "We have developed the Optimize Sourcing seminars to give executives the business scenarios and technical information they need to succeed in today's market environment, and allow them to focus on fast-solution deployment and obtaining measurable 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). ." The Commerce One Optimize Sourcing seminars will be conducted in the following cities between Feb. 21, 2002 and March 7, 2002: Atlanta, GA; Boston, MA; Chicago, IL; Cleveland, OH; Columbia, MD; Dallas, TX; Denver, CO; Detroit, MI; Miami, FL; Morristown, NJ; San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA; Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , CA; Seattle, WA; St. Louis, MO and Tarrytown, NY. For more information or to register for a seminar, please visit http://www.commerceone.com/sm/optimize/. About Commerce One Commerce One (Nasdaq:CMRC) is the Business Internet Company. Through its software, services, and global network of interconnected enterprises and e-marketplaces, Commerce One enables organizations to reduce costs and drive productivity by automating business processes between buyers and suppliers. Visit http://www.commerceone.com/ for more information. 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 the securities laws. These forward-looking statements discuss the potential for sourcing software to increase revenue, accelerate measurable return on investment, and reduce operational costs. The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Commerce One and/or its sourcing software are intended to identify any 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 potential that Commerce One's sourcing software may not meet user expectations, and various external factors, including economic conditions, that may impact the results obtained by particular customers. 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 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 quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended Sept. 30, 2001. Note to Editors: Commerce One, Powering the Business Internet and Commerce One Source are trademarks of Commerce One Operations, Inc. All other company, product, and brand names are trademarks of their respective owners. |
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