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Need2Buy Hires Michael Smith to Cultivate Relationships With OEMs and Contract Manufacturers.


Business Editors

LAS VEGAS--(BUSINESS WIRE)--May 17, 2000

Need2Buy.com, the most comprehensive online global marketplace for buyers and sellers of electronic components, announced today at the Electronics Distributors Show (Booth 6326) in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States.  it has hired Michael Smith Michael or Mike Smith may refer to: Journalists
  • Michael Smith (sports reporter), American sports reporter for the The Boston Globe and ESPN
  • Mike Smith (television presenter), British television and radio presenter
 as vice president, sales for OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and  and contract manufacturers.

Smith will be responsible for development of Need2Buy's Trade Partner Programs for these customers as well as for manufacturer rep organizations.

Smith brings to Need2Buy 20 years of experience with QuadRep, Inc., a leading independent global manufacturer's rep firm, with sales of more than $1 billion. At QuadRep, he served as president of the Northern and Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region,  divisions, on the Board of Directors for the QR, Inc., its parent company, and in various sales and marketing positions. While there, he established and grew the Southern California division then successfully re-created re-cre·ate  
tr.v. re-cre·at·ed, re-cre·at·ing, re-cre·ates
To create anew.

Adj. 1. re-created - created anew; "this re-created literalness"
 the Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern  division. Prior to QuadRep, Smith held sales and marketing positions for Union Carbide/Kemet Electronics, General Electric and AMP, Inc.

"With his long experience with QuadRep, Smith brings to Need2Buy a unique and valuable industry connection," said Jim Jefferies Jim Jefferies (born November 22, 1950 in Musselburgh, East Lothian) is the Scottish football manager of Kilmarnock F.C..

Also a former player, whose defensive versatility often counted against him in the attacking Hearts team in the 1970s, Jefferies has enjoyed considerably
, president of electronics worldwide. "His knowledge of OEMs and contract manufacturers and of manufacturer rep organizations will be important to our Trade Partner(TM) Program in the next few months. We're we're  

Contraction of we are.


we're we are
 really happy to add him to the team."

Need2Buy's Trade Partner(TM) Program

Need2Buy.com's Trade Partner(TM) program is an initiative to build strategic relationships with business enterprises across the electronic components supply chain--manufacturers, distributors and OEM buyers. This recently announced program allows Trade Partners to increase their effectiveness in utilizing the Need2Buy online marketplace, by moving beyond a purely transactional relationship to one that allows for system-to-system supply chain integration.

Companies who sign up as Trade Partners with Need2Buy will be able to integrate their own SCM (1) (Software Configuration Management, Source Code Management) See configuration management.

(2) See supply chain management.
 systems directly with the Need2Buy marketplace, allowing them to improve their response time and further reduce their cost of doing business. Trading partners have the ability to achieve varying levels of integration, ranging from simple data exchange to end-to-end end-to-end

a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine.
 systems interaction, while leveraging their existing technology infrastructure. In addition, Need2Buy also will provide Trade Partner participants with access to data mining and reporting tools to increase their visibility across the supply chain.

About Need2Buy.com

Located in Westlake Village, Calif. Need2Buy (www.need2buy.com) is the most comprehensive global online marketplace for buyers and sellers of electronic components. Need2Buy offers an open, scalable marketplace that allows buyers and sellers to post and bid on RFQs, access the global market for hard-to-find parts and sell excess inventory. It is the only online electronics marketplace that proactively matches buyers and sellers. The company's electronic commerce solution leverages the company's proven internet technology and extensive industry expertise to increase efficiency of the electronic components supply chain. Since its launch in May 1999, the Need2Buy Marketplace has enabled thousands of users to conduct transactions more efficiently than ever before.
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Publication:Business Wire
Date:May 17, 2000
Words:488
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