First Choice Holidays Mainstream Sector Deploys Frictionless SRM Software; Global sourcing organization standardises procurement processes and ensures contract compliance.CAMBRIDGE, Mass. -- Frictionless(R) Commerce, a leading supplier relationship management (SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. ) software provider, announced today that First Choice Holidays PLC (London: FCD FCD FC Dallas (soccer) FCD Foundation for Child Development FCD Floating Car Data (now generally superseded by FDV) FCD Flood and Coastal Defence (UK) FCD Flood Control District ), a leading international leisure travel company, has deployed Frictionless SRM software to standardise procurement processes and ensure contract compliance across its Mainstream Holidays Sector. As part of a procurement transformation process, the Sector required an SRM application to support their efforts to ensure contract compliance, provide a structured tendering process and deliver savings. Frictionless was selected due to the product's breadth of functionality and company's proven track record in working with global organisations. "Through Frictionless SRM, we are able to be a fully auditable and efficient Procurement department. By embedding our sourcing process into the software, we can effectively implement policies and mitigate risk," said Norman Turner, Procurement Director, for the Mainstream Holidays Sector. All sourcing projects originate in Frictionless SRM, from initial planning, to RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. and auction event execution, to contract generation and management. The application is the main reporting tool for the Procurement group, and is used to track savings. Through the software's XPress module, the Sector will be able to engage the business units by enabling non-Procurement users to initiate RFQ events, from specification to award, resulting in increased spend under management. "We began rolling out this application throughout our mainstream business sector at the end of December and we are now averaging a new RFX event every week with various reverse auctions planned. The implementation has been a great success and as a result we are already delivering commercial and operational benefits," said Neil Aitken, Procurement Manager, First Choice Holidays. "We are very pleased to provide First Choice's Mainstream Holidays Sector with a single system to manage their contracting and supply management processes. They understand that automated and standardised processes combined with compliance are key to sustained savings," said Tony Harris, Director of EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. Operations, Frictionless Commerce. Notes to Editors About First Choice Holidays PLC www.firstchoiceholidaysplc.com First Choice Holidays PLC is a leading international leisure travel company. It operates from 17 major source markets, has 8 million customers and nearly 80 brands. The Group reported profit before tax, goodwill amortisation and exceptional items of GBP GBP In currencies, this is the abbreviation for the British Pound. 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. 114m for the year ended 31 October 2005. The Group operates in four Sectors each offering a particular type of leisure travel experience. It could be a two-week holiday in the Mediterranean or Florida, a trek up Mount Kilimanjaro, sailing in the Caribbean, a cultural tour in Egypt or booking a hotel for a weekend away. About Frictionless Commerce Founded in 1998, Frictionless Commerce is a leading Supplier Relationship Management (SRM) software provider. Frictionless SRM software enables Global 2500 companies to effectively perform spend analysis, supplier profiling and performance management, sourcing and contract management. Through our product, services and customer community, Frictionless customers lower supply base costs, reduce time-to-market, leverage external innovation and guarantee access to high-quality 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. . Customers include: First Choice Holidays, Aetna, Bristol-Myers Squibb, PSEG PSEG Public Service Enterprise Group , Revlon, We Energies, Florida Power & Light, Wachovia, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen LLP UK, United Utilities Plc, MetLife, TDS TDS total dissolved solids. , Alticor, Prudential Plc, Telewest, CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) , and Philip Morris U.S.A. For more information, contact Frictionless Commerce at (617) 495-0180 or visit www.frictionless.com. The FRICTIONLESS Trademark is owned by Frictionless Commerce Incorporated, and is registered in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, and the European Union. |
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