Business Editors & High-Tech Writers
EL SEGUNDO, Calif.--(BUSINESS WIRE)--July 31, 2001
iSuppli Corp., a leading provider of procurement and supply chain management services for the electronic components industry, today announced that its market intelligence services group
The four new iSuppli services are designed to assist in building better procurement and component sourcing programs, and involve the areas of BoM (Bill of Materials) Optimization, Component Strategies, Sourcing Strategies and Price Tracker. Using these procurement services, iSuppli customers can bring significant process improvement to their procurement operations, gaining significant cost savings and valuable data for strategic planning.
"Supported by fact-based procurement outlooks, our procurement services aid customers in optimizing internal systems, selecting suppliers, managing supply risk, and optimizing supplier base performance," said Greg Sheppard, vice president for market intelligence services at iSuppli.
"Our team of market intelligence experts, cooperating with supply chain management experts from our Suppli Network operation, can help eliminate errors in the data used to drive the procurement process, as well as resolve both strategic sourcing and tactical procurement challenges with the data, intelligence, and competence to fully synchronize component sourcing practices with the requirements of production."
Sheppard explained that the new iSuppli procurement services included:
-- BoM Optimization Services -- Assist procurement departments in analyzing all part numbers included in new or existing BoMs to flag and correct potential errors that could delay procurement or inhibit order aggregation, while identifying devices nearing end-of-life or other supply constrained conditions that will negatively impact future continuity of supply. iSuppli experts suggest both alternative components to solve sourcing dilemmas and further improvements in BoM structure and content to improve overall procurement efficiency. -- Component Strategies -- Provide detailed analysis and recommendations for specified commodity markets, including market segment overviews, supply and demand outlooks, pricing trends, capacity availability projections and technology assessments. -- Sourcing Strategies -- iSuppli procurement specialists apply the information in a component strategy to specific client objectives and recommend how to bring component requirements and sourcing efforts into a more effective alignment. iSuppli experts work with procurement professionals to develop approaches for new procurement strategies that address cost reduction and supply continuity, among other concerns. -- Price Tracker -- An annual service providing monthly spot and contract pricing for approximately 160 specific components that represent 15 different commodity groups. iSuppli analysts also provide component forecasts to help procurement professionals with long-term planning.
Costs for iSuppli procurement services begin at $5,000 per engagement and all offerings are completely customizable to meet customer needs for actionable information. These procurement services complement the outsourced procurement services currently offered by iSuppli's Suppli Network group.
About iSuppli
iSuppli and its wholly owned subsidiary Stanford Resources offer a wide range of market intelligence services that provide buyers and sellers of electronic components with the timely information needed to make strategic component procurement decisions.
iSuppli also offers the first true peer-to-peer, Web-enabled supply network that allows buyers and suppliers of electronic components to work profitably together to reduce the overall cost of acquisition, improve continuity of supply, and simplify supply chain processes.
Unlike online exchanges or auction sites, iSuppli provides complete procurement and supply chain management services -- from strategic procurement to inventory reduction to worldwide delivery -- allowing users to better focus their own resources.
These services have demonstrated the ability to reduce the cost of acquisition by 6% to 10%, reduce cycle times by 5% to 20%, increase fill rates as much as 30%, reduce shipment errors by up to 25%, improve bill-of-materials accuracy to 99.9%, and increase planner productivity by as much as 25%.
For more information, visit www.isuppli.com.