SupplyAccess Inc. to Provide eProcurement Solution for Los Angeles World Airports.Business Editors LOS ANGELES--(BUSINESS WIRE)--Dec. 11, 2000 Key Factors in Three-Year Contract Are Cost Savings, Fast Implementation, System Flexibility and Prior Experience Using a SupplyAccess Solution SupplyAccess Inc., an innovative provider of hosted software solutions that automate eProcurement in the IT and indirect goods markets, today announced that it has been awarded a three-year contract with Los Angeles World Airports Los Angeles World Airports or LAWA is the airport oversight and operations department for the city of Los Angeles, California. This department owns and operates Los Angeles International Airport, LA/Ontario International Airport, Palmdale Regional Airport, and Van (LAWA LAWA Los Angeles World Airports LAWA Lawrence's Warbler (bird species) ). LAWA is the government agency that runs Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. International, Ontario International, Van Nuys and Palmdale Airports. The SupplyAccess solution allows LAWA to streamline its processes and automate its procurement procedures. LAWA will maintain the flexibility it requires while cutting turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. to process orders, thereby significantly reducing procurement costs. Additionally, other city of Los Angeles
SupplyAccess is creating a private marketplace where LAWA's bidding process can be simplified and automated for all vendors. It will offer an automated workflow schedule to replace the existing paper-based workflow. In addition, SupplyAccess will host more than 250 catalogs of both IT and 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 from approved vendors. Each of these elements contributes to cost savings by replacing the paper-based processes currently being utilized by more than 2,300 government employees. SupplyAccess provides hosted global eProcurement connectivity to contracted suppliers and leading marketplaces without costly onsite application implementation by customers or suppliers. LAWA will utilize the functionality to transform the way their employees purchase indirect goods by redefining the procurement process, reducing its costs, eliminating inefficiencies and accelerating transaction cycles. Eyad Shahibi, director of Information Technology for the Los Angeles World Airports, said: "LAWA has very aggressive growth plans to support the exploding passenger and cargo traffic in Southern California. To keep pace, an efficient eProcurement system is an absolute necessity." Kevin Schatzle, chief executive officer of SupplyAccess commented: "The key factor in winning this contract is that our solution delivers real savings. It is designed with the flexibility to deliver the rigorous information reporting and controls that the strict guidelines of government agencies require. "Additionally, we are aggressively pursuing other government organizations to show them how quickly and cost-efficiently SupplyAccess solutions can help streamline their procurement processes by automating them." About SupplyAccess SupplyAccess Inc. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. providing software solutions that enable business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) eCommerce in the IT and operating resource markets. Through the SupplyAccess Commerce Platform(SM) -- a suite of integrated and Web-based, hosted software solutions -- SupplyAccess provides strategic eProcurement, supplier integration and marketplace solutions to various corporate, government and educational organizations. Powering B2B solutions for hundreds of customers, SupplyAccess enables more efficient trade and collaboration between buyers, suppliers and market makers. SupplyAccess investment partners include industry leaders such as SAP Ventures (a Division of SAP AG), Tech Data Corp. (NASDAQ/NMS: TECD TECD Training Equipment Change Directive ), Peregrine Systems (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PRGN), En Pointe Technologies (NASDAQ:ENPT), Rustic Canyon Ventures (formerly TMCT TMCT Trailer Mounted Communications Tower Ventures) and Avalon Investments. More information about SupplyAccess can be found at www.supplyaccess.com. About Los Angeles World Airports Los Angeles World Airports is a self-supporting branch of the city of Los Angeles, governed by a seven-member Board of Airport Commissioners. The board is composed of public-spirited business and civic leaders who are appointed by the mayor and approved by the City Council. Policies of the commission are carried out by a professional administrative staff and nearly 2,300 employees who operate and maintain four airports in the system, Los Angeles International, Ontario International, Van Nuys and Palmdale Airports. |
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