Corporate Profile for LoneSource, dated Nov. 8, 2002.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
Published Date: Nov. 8, 2002
Company Name: LoneSource
Address: 115 Mackenan Drive
Cary, NC 27511
Main Telephone
Number: 919/466-8615
Internet Home
Page Address
(URL) www.LoneSource.com
Chief Executive
Officer: Bradley King
Chief Financial
Officer: Todd Murphy
Investor Relations
Contact: Mark Hartley
Business number: 919/466-8615, ext. 227
E-mail address: mark.hartley@lonesource.com
Public Relations
Contact: Mark Hartley
Business number: 919/466-8615, ext. 227
E-mail address: mark.hartley@lonesource.com
Industry: e-Procurement Solutions
Trading Symbol/
Exchange: n/a
Market Makers: e-Procurement, Vendor Consolidation, ERP
Company description: LoneSource is the nations fastest growing provider of procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. solutions. We enable companies to focus on core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
-- Simplify their purchasing process through the consolidation of suppliers, -- Realize and manage corporate compliance, and -- Leverage the largest possible economies of scale to lower costs and increase purchasing power The LoneSource Procurement Platform is the first open site software solution that allows corporations to deliver single source purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. to their employees. The platform features private and restrictive catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. access, approval routing, budget management and summary reporting capabilities. The LoneSource unique distribution model allows companies to better leverage their spending with a single source provider versus managing relationships with redundant Repetitive. See redundancy. suppliers. LoneSource is truly the only source you need. |
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