Perfect Commerce Unveils Perfect Sourcing 3; Most Mature Strategic Sourcing Solution for Global 2000.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--June 4, 2001 Perfect Commerce, the leading strategic sourcing solution provider, today announced Perfect Sourcing(TM) 3. This Private Sourcing Exchange (PSX PSX Sony Playstation PSX Playstation X (name of the CD add-on unit for the pre-production NES) PSX Professional Services Expo PSX Play Station ) system puts the enterprise strategic sourcing process on line. By enabling rich negotiation on many attributes, not simply on price, Perfect Sourcing solves one of the greatest problems in e-procurement (Electronic-PROCUREMENT) Purchasing online. E-procurement systems are used to obtain materials and parts via the Web or using traditional EDI standards either for internal manufacturing (direct procurement) or office supplies and equipment (indirect procurement). -- inducing suppliers to participate in a private exchange. Perfect Sourcing 3 consists of Perfect Buyer(TM) and Perfect Supplier(TM). The product suite contains forty major enhancements based on two years of exhaustive customer feedback. Concurrently, Perfect Commerce is unveiling major new releases of the Perfect Process Designer(TM) and Perfect Insight(TM), the companion products that allow Perfect Sourcing to be implemented in less than two weeks. "With the release of Perfect Sourcing 3.0, Perfect Commerce has transcended its role in providing advanced negotiation tools by providing a full e-sourcing suite to the enterprise," said Pierre Mitchell Mitchell, city (1990 pop. 13,798), seat of Davison co., SE S.Dak.; inc. 1881. Mitchell is a trade, distribution, and shipping center for a dairy and livestock area. , service director, and Enterprise Management Strategies for AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research. "The application now sports flexible attribute modeling, an intuitive user interface, and an analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. data model for spending analysis." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. customer Timothy Pownell, general manager, e-Procurement Project at Unocal Corporation Union Oil Company of California, dba Unocal is a defunct company that was a major petroleum explorer and marketer beginning in the late 19th century, through the 20th century and into the early 21st century. (NYSE NYSE See: New York Stock Exchange :UCL UCL University College London UCL Université Catholique de Louvain UCL UEFA Champions League UCL Upper Confidence Limit UCL University of Central Lancashire UCL Upper Control Limit UCL Unfair Competition Law UCL Ulnar Collateral Ligament ), "Unocal has set aggressive goals for its e-business programs, and the use of Perfect's sourcing products is an important part of our strategy to meet those goals." "Considering the current economic conditions, we expect the latest version of Perfect Sourcing to resonate res·o·nate v. res·o·nat·ed, res·o·nat·ing, res·o·nates v.intr. 1. To exhibit or produce resonance or resonant effects. 2. well with large enterprises that are looking to cut costs and improve supply chain operations," said Tim Minahan, managing director of Supply Chain research at 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. . "Customers built Perfect Sourcing 3," said Kevin Surace, president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Perfect Commerce. "They told us they needed a system that could migrate personal sourcing relationships on line, leverage investments of existing supply chain systems, and institutionalize in·sti·tu·tion·a·lize v. To place a person in the care of an institution, especially one providing care for the disabled or mentally ill. in sourcing best practices. When Perfect Sourcing 3 was born we knew we nailed Nailed are a death metal band from Wakefield, West Yorkshire, UK. They currently have a worldwide distribution deal with UK label Copro/Casket Records. Biography it."
Three Areas of Process Improvement in Perfect Sourcing 3:
One: Migrate Traditional Personal Relationships and Processes On
Line
The goal is to emulate the way real buyers and sellers
traditionally do business, where human judgment, intuition and
relationships are critically important.
Two: Leverage Investments In Real Time, Purchasing and Supply
Chain Systems
The goal is to leverage existing systems to benefit the sourcing
process.
Three: Institutionalize Best Practice Improvement
The goal is to leverage and institutionalize best practices across
skill levels, business units and geographies.
New Features & Benefits in Perfect Sourcing 3
Robust Negotiation Support Beyond Price
Buyers and suppliers can conduct unlimited counter offers on any
criteria, not just price, e.g. on deal criteria (such as delivery
terms) or item criteria (such as purity). All offers and counter
offers are re-scored and ranked by the Perfect Decision Engine.
All messages and negotiation histories are maintained and viewable
for accountability and review.
Enhanced Decision Engine Optimization
The Perfect Decision Engine optimizes for quantity splits between
suppliers. In addition, suggested orders can enforce minimum
quantities for suppliers and can guarantee that special
circumstances are taken into account, e.g. pre-existing
relationships with key suppliers.
Flexible Private Exchange Rules
Buyers can set up a sourcing event as completely open bid;
completely closed bid, or any of several intermediate settings,
including allowing suppliers to see the relative ranking of their
offers. Competitive visibility is completely under buyer control.
Rich Collaboration Features
Buyers and suppliers can collaborate on RFQ issuance, response and
offer management. They can delegate RFQ ownership to colleagues or
save draft RFQs for review by a colleague, prior to submitting the
RFQ to suppliers.
Up-to-Date Supplier Ratings
Historical delivery performance, 3rd party ratings and other
ratings can be weighted and factored into the decision. Also,
other supplier attributes such as support for collaborative design
may be included in the scoring of the supplier's offer.
Enhanced Document Management
Buyers and suppliers can exchange and modify documents (such as
CAD files or data sheets etc.) at all points in the sourcing
process. Documents can also be included as attachments, or
referenced elsewhere via support for URL document pointers.
Workflow and Delivery Schedule Handling
RFQ specifications can include detailed line item specific
delivery schedules. Each delivery schedule can have unlimited
dates, delivery locations and requested quantities. The supplier's
ability to meet these workflow criteria is included in the
scoring.
Real Time Notification of Sourcing Events
Several forms of real-time notification are available. Buyers can
be paged when a new offer or counter offer is received, or
suppliers can be e-mailed when a new RFQ is created that is
appropriate for them.
Real Time Desktop Manager
Both buyers and suppliers monitor the real-time flow of sourcing
activity through a window display that provides constant access to
the latest RFQ, offer and counter offer activity.
Best Practices Management
End users, group managers and central sourcing organizations can
easily create RFQ templates from scratch or by using an existing
RFQ as a model. Templates rolled out across an organization save
data entry and promote the enforcement of standards. Templates
ensure best practice usage for buyers of different skill levels,
in differing business units and in dispersed geographies.
Roles and Accountability
Buyers can be assigned roles and authorities that require approval
beyond certain sourcing limits. This institutionalizes best
negotiation and sourcing practices and improves accountability.
The Perfect Sourcing 3 Product Suite
These products are available immediately as either a hosted solution
(ASP) or as an on-premises licensed software product. The system can
be up and running in under two weeks.
Perfect Buyer(TM) and Perfect Supplier(TM) Deliver Sourcing the
Way Real People Do Business
Perfect Buyer and Perfect Supplier enable people to do business
naturally, expressing trade-offs and focusing the negotiation on
what is really important.
Perfect Insight 3 Delivers Spend, Sourcing Process, and Supplier
Analytics
Perfect Insight 3 is targeted at the business intelligence needs
of top financial, procurement and sourcing management. Starting
with high-level spend, sourcing process and supplier metrics,
managers can drill down into the underlying rationale of
purchasing decisions and performance drivers. Perfect Insight's
data warehouse is automatically built and fed by Perfect Sourcing,
making it effortless to receive world-class procurement analytics.
Perfect Process Designer 3 Delivers "Zero Engineering"
Configuration
Unlike competitors' use of SDK's requiring ongoing engineering and
consultants for changes, Perfect Process Designer is the basis of
the Perfect Sourcing "Configure and Go" tailoring method, allowing
non-technical personnel to configure (and later to re-configure,
as necessary) Perfect Sourcing with the particulars of their
unique sourcing process, categories, and needs without any
engineering.
Professional Services Provides Total Process Support
In-house experts in strategic sourcing are available for any
necessary work in analyzing the spec-to-select process;
implementation and training; and on-going support.
About Perfect Commerce, Inc. Perfect Commerce, Inc. develops, markets and supports Perfect Sourcing, a Private Sourcing Exchange system, and Perfect Insight, its strategic sourcing analytics companion. Perfect Sourcing, which consists of Perfect Buyer and Perfect Supplier, migrates the critical Specifications-to-Negotiation-to-Selection (Spec-to-Select) strategic sourcing process on line. The Perfect Decision Engine, a patent-pending multivariate The use of multiple variables in a forecasting model. reverse auction, optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. and decision support engine, enables best overall value decisions for sourcing custom and complex goods, services, and contracts. Perfect Insight delivers "out of the box" procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. analytics to inform a buying decision. Perfect Process Designer is used to configure See configuration. (software) configure - A program by Richard Stallman to discover properties of the current platform and to set up make to compile and install gcc. Cygnus configure was a similar system developed by K. the system without using expensive engineering or consulting, allowing for low-cost rapid implementations and empowered end users. Perfect Insight's spend analysis and the Perfect Process Designer's zero engineering configuration capability allow for on line sourcing in as little as two weeks. Founded in 1999 and based in Palo Alto, Perfect Commerce is privately held. Its investors include SOFTBANK Venture Capital (www.sbvc.com), New Enterprise Associates, Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. & Co., Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. , WitSoundview, NeoCarta Ventures, Odyssey Odyssey (ŏd`ĭsē): see Homer. Odyssey Homer’s long, narrative poem centered on Odysseus. [Gk. Lit.: Odyssey] See : Epic Odyssey Capital Group, Primedia Ventures, Staenberg Private Capital, and Angel Investors An individual who invests his or her own money in a private company, which is typically a startup. An angel investor is not an employee or member of a bank, venture capital firm or other financial institution that normally makes such investments. LP. For more information, please visit www.perfect.com. (c) 2000, 2001 Perfect, Perfect Commerce, Perfect.com, Perfect Sourcing, Perfect Insight, Perfect Process Designer, Configure and Go, and the Perfect logo are trademarks and/or service marks of Perfect Commerce, Inc. All other company, brand and product names are trademarks or registered trademarks of their respective owners. |
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