A.T. Kearney Procurement Solutions signs services agreement with WorldWide Retail Exchange
01-Jun-2004 :
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AT Kearney Procurement Solutions, the eSourcing technologies and services unit of AT Kearney, announced that they have signed an agreement with the WorldWide Retail Exchange (WWRE), an Internet-based business-to-business exchange for retailers and suppliers.
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The agreement gives the WWRE access to a Supplier Repository, in the form of customized supplier search capabilities, and also provides its members access to Supply Market Solutions, a web-based resource for strategic sourcing content and methodologies. By enabling members with access to knowledge repositories and ready-to-use sourcing/procurement templates for data gathering, these services will expand the WWRE WorldSOURCE suite, which contains Negotiations/Auctions and Collaborative Procurement offerings.
“A.T. Kearney Procurement Solutions has created customized sourcing support services and business tools which can be tailored to our members' specific sourcing and procurement requirements,” adds Pete Plotas, Director of Strategic Alliances, WWRE. “This relationship will benefit any WWRE member with a focus on sourcing.”
The WWRE currently consists of 64 members from Africa, Asia, Europe, North America and South America with combined sales of approximately U.S. $900 billion. To date, the WWRE has saved its members over $1 billion through the use of online negotiations, its first product offering.
“This agreement is the first of its kind,” says Joe Raudabaugh, CEO of A.T. Kearney Procurement Solutions. “We are happy to be working with a forward-thinking group like the WorldWide Retail Exchange. They built their organization on the same principles as A.T. Kearney Procurement Solutions — with a focus on eliminating inefficiencies in the supply chain.”
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