Burlington Coat Factory Implements e-Sourcing Technology with Iasta SmartSource™
28 December 2005
Iasta.com, Inc., a leading provider of on-demand e-Sourcing technology for the global companies, announced that Burlington Coat Factory signed a software agreement to utilize Iasta sourcing technology. After a successful pilot period, which began in Third Quarter 2005, Burlington Coat Factory determined Iasta to have the strongest suite of strategic sourcing tools, professional services and sourcing expertise.
«After a thorough review of the e-Sourcing market, which included over 10 vendors, we found that Iasta offered the best solution set, combined with highest value for our organization,» said Chic Chancey, Director of Procurement. «The Iasta technology is well-suited for large, global corporations. In addition, we found that Iasta SmartSource™ has functionality that is critical for sourcing in the retail industry.»
Iasta's SmartSource™ secure e-Sourcing platform enables users to reduce the sourcing cycle process and capture cost savings through the use of platform project and event management, e-RFx creation and template libraries, advanced reverse auctions and post-bid optimization analysis and reporting. Burlington Coat Factory found the combination of these tools, as well as Iasta's ability to support a national retail chain with rapid response times and its deep e-Sourcing knowledge base, was integral to their decision.
«Iasta has built a strong relationship with Burlington Coat Factory as a result of successful implementation of our technology for their precise needs. Our experience in sourcing best practices has been critical to delivering a high return on investment for Burlington Coat Factory,» said Mike Treida, Vice President of Sales for Iasta.
About Burlington Coat Factory
Burlington Coat Factory is a national retailer offering clothing, footwear, and accessories for the entire family, a specialty baby product department, Baby Depot, and Luxury Linens, a home décor department. The company and its subsidiaries own and operate more than 360 stores, nationwide. Burlington Coat Factory, founded and incorporated in 1972, has been publicly traded since 1983, and is presently traded on the New York Stock Exchange under the symbol "BCF." Burlington Coat Factory can be found online at www.coat.com.
About Iasta
Based in Indianapolis, Iasta is a leading global provider of sourcing software and service solutions. As a significant and emerging provider of e-Sourcing applications and services, Iasta has amassed an impressive client list of more than 60 companies, most of which are within the Global 1000. Through its unique combination of industry-leading web-based software, in-depth supply market information, and implementation of sourcing best practices for supply chain management, Iasta has helped customers source goods and services with an average cost reduction of 17 percent, in addition to significant reductions in sourcing cycle times. For more information about Iasta, please visit www.iasta.com or call 317.594.8600.
Source: prweb
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