Online Procurement Solution Queries Rose 33% in March

eJigsaw Analysis Shows Companies Looking to eProcurement to Cut Costs



Apr 30, 2001, 01:00 ET from eJigsaw

    HAYWARD, Calif., April 30 /PRNewswire/ -- eJigsaw (www.ejigsaw.com) today
 announced a sharp increase in organizations seeking online procurement
 solutions during March 2001. According to eJigsaw analysis, over 50% of
 companies looking for purchasing or sourcing applications on its IT research
 site specifically queried online procurement during Q1'01.
     While recent economic downturns may have dampened enthusiasm for some of
 the more Industry-specific B2B marketplaces -- individual companies are still
 very interested in online procurement as a means to help streamline their
 operations, gain more competitive pricing and ultimately lower costs,
 according to eJigsaw analysis. eJigsaw metrics show 70% of purchasing queries
 in March were for online procurement applications, reflecting a 33% increase
 over February.
     "Because of the complex requirements necessary for Internet-based supply
 chain automation, companies often view online procurement as one of the easier
 first steps that also offers a quick return on investment," said
 Raghu Viswanathan, eJigsaw President & CEO.
     For the first quarter of 2001, procurement consistently averaged 30% of
 all supply chain queries on the eJigsaw site, and 55% of all procurement
 searches were for "online" procurement for the same period. Perhaps the
 economic downturn has sparked renewed interest in online procurement. "If you
 have to quickly reduce operating costs, online procurement still holds the
 promise of lowering expenditures by 10 to 30% annually," said Viswanathan.
     eJigsaw builds technology markets by connecting IT customers and IT
 vendors using interactive exchanges. The popularity of the eJigsaw site, which
 has attracted over 50% of the Fortune 500, lead to the recent launch of the
 eJigsaw RFP FasTrakSM IT referral service, offering companies the ability to
 work one-on-one with an eJigsaw IT solutions expert who analyzes the
 customer's requirements and recommend solutions after completing a detailed
 analysis.
 
     About eJigsaw:
     eJigsaw (www.ejigsaw.com) helps business customers accelerate the IT
 decision process. eJigsaw offers a suite of interactive tools that enable IT
 decision makers to evaluate over 21,000 products and services segmented within
 50 different Industry solution channels.  eJigsaw's intelligent search engine
 enables users to compare vendor offerings using Industry, Business and
 Technology cross-matching. Founded in 1999, the privately held company is
 located at 25151 Clawiter Road, Hayward, California 94545.
 
     CONTACT:  Arleen Urquhart of eJigsaw, Inc., 510-266-7033, or
 arleen@ejigsaw.com .
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X12388671
 
 

SOURCE eJigsaw
    HAYWARD, Calif., April 30 /PRNewswire/ -- eJigsaw (www.ejigsaw.com) today
 announced a sharp increase in organizations seeking online procurement
 solutions during March 2001. According to eJigsaw analysis, over 50% of
 companies looking for purchasing or sourcing applications on its IT research
 site specifically queried online procurement during Q1'01.
     While recent economic downturns may have dampened enthusiasm for some of
 the more Industry-specific B2B marketplaces -- individual companies are still
 very interested in online procurement as a means to help streamline their
 operations, gain more competitive pricing and ultimately lower costs,
 according to eJigsaw analysis. eJigsaw metrics show 70% of purchasing queries
 in March were for online procurement applications, reflecting a 33% increase
 over February.
     "Because of the complex requirements necessary for Internet-based supply
 chain automation, companies often view online procurement as one of the easier
 first steps that also offers a quick return on investment," said
 Raghu Viswanathan, eJigsaw President & CEO.
     For the first quarter of 2001, procurement consistently averaged 30% of
 all supply chain queries on the eJigsaw site, and 55% of all procurement
 searches were for "online" procurement for the same period. Perhaps the
 economic downturn has sparked renewed interest in online procurement. "If you
 have to quickly reduce operating costs, online procurement still holds the
 promise of lowering expenditures by 10 to 30% annually," said Viswanathan.
     eJigsaw builds technology markets by connecting IT customers and IT
 vendors using interactive exchanges. The popularity of the eJigsaw site, which
 has attracted over 50% of the Fortune 500, lead to the recent launch of the
 eJigsaw RFP FasTrakSM IT referral service, offering companies the ability to
 work one-on-one with an eJigsaw IT solutions expert who analyzes the
 customer's requirements and recommend solutions after completing a detailed
 analysis.
 
     About eJigsaw:
     eJigsaw (www.ejigsaw.com) helps business customers accelerate the IT
 decision process. eJigsaw offers a suite of interactive tools that enable IT
 decision makers to evaluate over 21,000 products and services segmented within
 50 different Industry solution channels.  eJigsaw's intelligent search engine
 enables users to compare vendor offerings using Industry, Business and
 Technology cross-matching. Founded in 1999, the privately held company is
 located at 25151 Clawiter Road, Hayward, California 94545.
 
     CONTACT:  Arleen Urquhart of eJigsaw, Inc., 510-266-7033, or
 arleen@ejigsaw.com .
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X12388671
 
 SOURCE  eJigsaw