B2eMarkets Announces the B2eSourcing(TM) Solution Version 3.0

Expands Solution to Focus on Strategic Activities



Apr 30, 2001, 01:00 ET from B2eMarkets, Inc.

    ROCKVILLE, Md., April 30 /PRNewswire/ -- B2eMarkets, Inc., provider of the
 first end-to-end, Web-enabled strategic eSourcing solution, today announced
 the availability version 3.0 of their B2eSourcing solution.  Formerly referred
 to as the Strategic eSourcing Management(TM) (SeSM(TM)) solution, the
 B2eSourcing solution provides buyers with a collaborative sourcing environment
 to develop, share, and implement strategies for achieving sustainable bottom-
 line savings across the entire enterprise.
     The B2eSourcing solution provides structure around the entire sourcing
 process, enabling opportunity assessment, strategy formulation, strategy
 execution and relationship management.  Buyers can profile a category, develop
 and refine a sourcing strategy, and negotiate and award contracts.  Companies
 can model their sourcing process within the B2eSourcing framework and populate
 the solution with their unique content to enable enterprise-wide best
 practices.
     "The B2eSourcing solution meets all the needs and challenges of the e-
 sourcing market, and does so in such a way as to encourage repeated sourcing
 success," said Tim Minahan, research director of Aberdeen Group's eBusiness
 practice.
     The B2eSourcing solution delivers value through skill development,
 knowledge infusion, and performance enhancement:
 
     Skill Development
     The B2eSourcing solution is a platform for continuous learning, training,
 and performance.  Sourcing concepts and strategies are embedded into the
 solution through coaching to enable more strategic decision-making.  Companies
 can supplement this coaching with their own processes and strategies around
 corporate or category best practices.  B2eMarkets also offers eLearning
 courseware to introduce sourcing and reinforce the key principles.
 
     Knowledge Infusion
     Through a disciplined process and pre-configured content in the form of
 templates, the B2eSourcing solution enables sourcing professionals to document
 and share their expertise with their colleagues throughout the enterprise.
 Data from all sourcing activities is retained within the solution, thereby
 creating a repository of intellectual capital, promoting collaboration across
 the organization, and establishing visibility to ensure measurable return on
 investment (ROI).  This information is stored in a library to eliminate
 knowledge leakage that could result from outsourcing and attrition.
 
     Performance Enhancement
     To help sourcing professionals in day-to-day activities, the B2eSourcing
 solution includes tools and resources for collecting and analyzing
 information.  The structure enables more efficient collaboration and
 coordination to support cross-functional sourcing teams and to build supplier
 partnerships.  Reporting tools and project tracking promotes visibility and
 the ability to monitor buyer performance.
     "Unlike other sourcing solutions that provide one-time savings, the
 B2eSourcing solution drives sustained cost savings and performance
 improvement," said Orville Bailey, CEO and co-founder of B2eMarkets.  "We take
 a self-funding approach to deliver rapid results and a self-service solution
 that provides full spend coverage for enterprise-wide adoption."
     The B2eSourcing solution institutionalizes corporate sourcing best
 practices across the enterprise to achieve sustainable bottom-line savings
 across all spend. Companies subscribe to this hosted, Web-based software
 solution to provide their sourcing professionals with a customized,
 technology-based process guide for developing and executing sourcing
 strategies.
 
     About B2eMarkets
     B2eMarkets provides a platform to drive sustained sourcing performance
 through skill development, knowledge infusion and professional enhancement.
 Unlike consulting models and reverse auction technologies that deliver one-
 time savings, B2eMarkets creates a technology and knowledge framework for
 year-over-year cost savings and performance improvement.  The B2eSourcing
 solution allows buyers to profile a category, develop and refine a negotiation
 strategy, negotiate and award contracts, and manage contracts as well as buyer
 and supplier performance.  B2eMarkets, Inc., is a privately held company
 headquartered in Rockville, Maryland. For more information, visit
 http://www.B2eMarkets.com .
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X48664602
 
 

SOURCE B2eMarkets, Inc.
    ROCKVILLE, Md., April 30 /PRNewswire/ -- B2eMarkets, Inc., provider of the
 first end-to-end, Web-enabled strategic eSourcing solution, today announced
 the availability version 3.0 of their B2eSourcing solution.  Formerly referred
 to as the Strategic eSourcing Management(TM) (SeSM(TM)) solution, the
 B2eSourcing solution provides buyers with a collaborative sourcing environment
 to develop, share, and implement strategies for achieving sustainable bottom-
 line savings across the entire enterprise.
     The B2eSourcing solution provides structure around the entire sourcing
 process, enabling opportunity assessment, strategy formulation, strategy
 execution and relationship management.  Buyers can profile a category, develop
 and refine a sourcing strategy, and negotiate and award contracts.  Companies
 can model their sourcing process within the B2eSourcing framework and populate
 the solution with their unique content to enable enterprise-wide best
 practices.
     "The B2eSourcing solution meets all the needs and challenges of the e-
 sourcing market, and does so in such a way as to encourage repeated sourcing
 success," said Tim Minahan, research director of Aberdeen Group's eBusiness
 practice.
     The B2eSourcing solution delivers value through skill development,
 knowledge infusion, and performance enhancement:
 
     Skill Development
     The B2eSourcing solution is a platform for continuous learning, training,
 and performance.  Sourcing concepts and strategies are embedded into the
 solution through coaching to enable more strategic decision-making.  Companies
 can supplement this coaching with their own processes and strategies around
 corporate or category best practices.  B2eMarkets also offers eLearning
 courseware to introduce sourcing and reinforce the key principles.
 
     Knowledge Infusion
     Through a disciplined process and pre-configured content in the form of
 templates, the B2eSourcing solution enables sourcing professionals to document
 and share their expertise with their colleagues throughout the enterprise.
 Data from all sourcing activities is retained within the solution, thereby
 creating a repository of intellectual capital, promoting collaboration across
 the organization, and establishing visibility to ensure measurable return on
 investment (ROI).  This information is stored in a library to eliminate
 knowledge leakage that could result from outsourcing and attrition.
 
     Performance Enhancement
     To help sourcing professionals in day-to-day activities, the B2eSourcing
 solution includes tools and resources for collecting and analyzing
 information.  The structure enables more efficient collaboration and
 coordination to support cross-functional sourcing teams and to build supplier
 partnerships.  Reporting tools and project tracking promotes visibility and
 the ability to monitor buyer performance.
     "Unlike other sourcing solutions that provide one-time savings, the
 B2eSourcing solution drives sustained cost savings and performance
 improvement," said Orville Bailey, CEO and co-founder of B2eMarkets.  "We take
 a self-funding approach to deliver rapid results and a self-service solution
 that provides full spend coverage for enterprise-wide adoption."
     The B2eSourcing solution institutionalizes corporate sourcing best
 practices across the enterprise to achieve sustainable bottom-line savings
 across all spend. Companies subscribe to this hosted, Web-based software
 solution to provide their sourcing professionals with a customized,
 technology-based process guide for developing and executing sourcing
 strategies.
 
     About B2eMarkets
     B2eMarkets provides a platform to drive sustained sourcing performance
 through skill development, knowledge infusion and professional enhancement.
 Unlike consulting models and reverse auction technologies that deliver one-
 time savings, B2eMarkets creates a technology and knowledge framework for
 year-over-year cost savings and performance improvement.  The B2eSourcing
 solution allows buyers to profile a category, develop and refine a negotiation
 strategy, negotiate and award contracts, and manage contracts as well as buyer
 and supplier performance.  B2eMarkets, Inc., is a privately held company
 headquartered in Rockville, Maryland. For more information, visit
 http://www.B2eMarkets.com .
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X48664602
 
 SOURCE  B2eMarkets, Inc.