FacilityPro Secures Procurement Outsourcing Agreement With H.B. Fuller Company.Business Editors ATLANTA--(BUSINESS WIRE)--Nov. 5, 2003 Customer Signings Across Manufacturing and Utility Industries Affirm To ratify, establish, or reassert. To make a solemn and formal declaration, as a substitute for an oath, that the statements contained in an Affidavit are true or that a witness will tell the truth. FacilityPro's Leadership Position In Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. Services FacilityPro, a leading provider of procurement business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) services, today announced a new business agreement with H.B. Fuller Company (FUL), a $1.256 billion, global manufacturer of adhesives, sealants, coatings and other specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. . H.B. Fuller represents the latest in a series of new customer agreements for FacilityPro. FacilityPro, founded in 1999, provides procurement outsourcing Procurement Outsourcing is the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies. solutions for companies in the manufacturing, real estate and services industries. The company's unique Procurement Center of Excellence business offering consists of a dedicated team of procurement experts, combined with enabling technologies and best practices, who use strategic sourcing to develop lower cost product and service agreements, deploy contracts to ensure successful adoption of new suppliers and sustain savings over time through active compliance management of both internal users and external suppliers. Under the newly signed agreement, FacilityPro will establish a Procurement Center of Excellence at H.B. Fuller. The Center of Excellence provides sourcing, contract deployment and compliance management services for H.B. Fuller's indirect expenditures, including plant-level maintenance, repair and operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble (MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) products and services. "We are constantly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the quickest and most cost-effective ways to purchase the indirect materials H.B. Fuller needs for its operations," says Ed Snyder, chief process improvement officer for H.B. Fuller. "We felt the outsourcing of our indirect procurement operations was the quickest and most cost-effective method to achieve these results. We evaluated a number of service providers and determined that FacilityPro had the most comprehensive procurement outsourcing model." In addition to H.B. Fuller, FacilityPro recently signed an outsourcing agreement with a major utility company. "These recent customer signings, in the manufacturing and utilities industry segments, represent a tremendous endorsement of our service offering and business strategy," said Lawrence Hall, president and chief executive officer of FacilityPro. "Today's marketplace demands a comprehensive procurement outsourcing service that can combine strategic sourcing expertise with best practices and technologies for contract deployment and compliance management to consistently deliver and sustain the cost savings created from sourcing activities." The 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. , a leading analyst firm covering the supply chain marketplace, has identified the outsourcing of the procurement lifecycle as the next major trend in both business process outsourcing and supply management. "Procurement outsourcing is a nascent nascent /nas·cent/ (nas´ent) (na´sent) 1. being born; just coming into existence. 2. just liberated from a chemical combination, and hence more reactive because uncombined. market that, in our estimation, is about to explode," Aberdeen Group's Tim Minahan, vice president of supply chain research, wrote in a recent research report. "FacilityPro delivers highly flexible, low-risk solutions that allow customers to access the benefits of total cost compliance without the associated burdens and costs of managing such resources and technologies internally. They currently boast among the largest number of full business process outsourcing relationships in the procurement space." About FacilityPro FacilityPro is a leader in procurement business process outsourcing for Fortune 1000 companies. FacilityPro offers a comprehensive and integrated set of procurement processes, technologies and people, organized as a Procurement Center of Excellence to manage all aspects of a corporation's expenditures. Clients can outsource individual components of the Center of Excellence including Strategic Sourcing, Contract Deployment, and Compliance Management. FacilityPro rapidly identifies and removes costs from an organization, and sustains those cost savings over time, resulting in improved profitability and shareholder value for customers in the manufacturing, real estate and service industries. FacilityPro is based in Atlanta. For more information call 678-731-8544 or visit www.facilitypro.com. |
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