SiteStuff.com introduces new customer 'SiteStore'.SiteStuff.com, the e-marketplace for the commercial real estate industry, announced the national grand opening of its online SiteStore, a one-stop shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into to buy all the goods necessary to operate commercial and multi-family properties. Buying through SiteStore streamlines the purchasing procedures of real estate companies, allowing them to dramatically reduce their costs. "SiteStuff is bringing the Internet revolution to the real estate industry. Commercial property owners and managers can now save time, money and gain better control of their purchasing through technology advances created by the Internet," said Michael Stewart Michael Stewart may refer to:
A benchmarking report by Deloitte Consulting on procurement in the real estate industry found that the SiteStuff procurement solution can decrease processing costs for multi-family properties by 56 percent or from $51 to $22 per order. The same research report found that SiteStuff can decrease the costs for commercial office property management companies by 71 percent or from $77 dollars to $22 dollars per order. Free to users, SiteStuff makes purchasing more efficient by saving time in the ordering process. Buying is easy through such efficiencies as an online catalog Similar to an online library or databases in the information storage respect, ‘’’online catalogs’’’ allow potential customers to browse a company’s items for sale from a different location using the internet. of products, personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. shopping lists to automate routine purchasing, online general ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. (GL) coding and customized order reminders. The site will soon offer a request for proposals (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. ) feature, which gives users instant multiple quotes online. SiteStuff helps real estate companies gain better control of their spending through greater access to information. By accessing purchasing pattern data compiled by SiteStuff, companies can easily look for ways to decrease operating costs operating costs npl → gastos mpl operacionales by examining why and how they spend money. The site also reduces paperwork by trimming the number of vendors and decreasing overall transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). . "Traditional purchasing procedures have resulted in huge paperwork and cost burdens with major real estate companies having to process up to several thousand invoices monthly," said Stewart. "With SiteStuff, customers receive only one weekly invoice to pay." Several leading real estate companies have already been purchasing through the site, including Heitman Capital Management, Lend Lease Apartment Management, Summit Properties, The Staubach Company and others who represent more than 1 billion square feet of commercial and multi-family real estate. |
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