New Database of Production Material Suppliers Aligns Sourcing Professionals with Manufacturing Suppliers from Across the Globe
SourcingAnalyst opens new and global markets for suppliers and enables purchasing professionals to save time and money in the procurement process
Beverly, MA -October 23,2007-SourcingAnalyst today announced the release of its online database of manufacturing suppliers. The online database, containing over 2,500 production material suppliers from around the globe, is the leading source on the internet to align sourcing professionals with production material suppliers both in the United States and abroad.
Currently focusing in the areas of CNC Machining, Sheet Metal and Fabrication and Printed Circuit Board assembly, with plans in place to add injection molding, castings and forgings over the next 6 months, the goal is to provide sourcing professionals with the tools and data needed to make intelligent sourcing decisions, fast and efficiently.
The new solution provides an unprecedented level of supplier details and tools including:
- Detailed, targeted listings including direct contact information, specialty capabilities and company profiles and photos
- Global penetration
- Full access to over 2,500 suppliers in the database
- Supplier profiles dynamically updated and maintained
- Refined search through user point and click navigation
- Unique revenue model allows suppliers and buyers to participate with no annual or monthly fees
- Innovative Priority Listing System
"SourcingAnalyst offers us an innovative approach to market ourselves on the internet and obtain new business outside of our normal sales boundaries," said John Kennedy, President and Owner at Team Solutions. "We've created a free, detailed listing on SourcingAnalyst.com that promotes our strengths and areas of expertise. This is a terrific, non-traditional approach for us to reach a broader audience of buyers to help grow our customer base and net new business."
Online RFQ Process Streamlines Procurement
In addition, SourcingAnalyst allows buyers and suppliers to participate in a unique, online request-for-quote (RFQ) process. The system allows buyers and suppliers to participate in the RFQ process with no monthly or annual subscription fees. Small fees are assessed to suppliers when awarded a job. Additionally suppliers have the option to promote their on-line representation though priority listings and advertising.
The simplified approach to purchasing allows engineers and purchasing professionals access to an unparalleled global supplier base, with the details necessary to streamline the procurement decision and mitigate risk. "Sourcing custom parts from local shops is often a difficult task, never mind sourcing globally. SourcingAnalyst offers my procurement team the details they need to find the right suppliers, whether we are sourcing locally or searching for a supplier in a low-cost region of the world," said Tom Connelly, Vice President of Operations at Nutfield Technology. "In addition, because suppliers can participate in the online RFQ process at no charge, we have exposure to far more suppliers than on-line RFQ sites that force suppliers to pay large annual fees. The net result is a new, creative approach for our team to cost-effectively source materials for our production products."
"Purchasing organizations are continuing to mandate the use of e-sourcing tools in the procurement process," said Thomas Peterson, President and CEO of SourcingAnalyst. "Our goal is to give purchasing professionals the e-sourcing tools they need to manage their work efficiently. With our solution, we can build a dynamic database of global suppliers that is unparalleled in the industry. This benefits both sides of the procurement process: suppliers obtain exposure to new markets and business and buyers can access an online global supply base and the tools needed to accelerate the procurement process and bring immediate efficiencies to their organization."
About SourcingAnalyst.com
SourcingAnalyst.com is a leading source of information on global production material suppliers, providing engineers and purchasing professionals from the world's leading organizations with the tools and data required to make informed sourcing decisions. SourcingAnalyst's approach that information should be free, allows suppliers and buyers to participate in the process with no monthly or annual fees, allowing access to a whole new market of suppliers from both the United States and abroad to support the supplier selection process, meet competitive pressures and streamline the procurement process.
SourcingAnalyst is a privately held company that was founded in Beverly, MA by Thomas Petersen, the President and CEO. To find out more about SourcingAnalyst, please visit www.sourcinganalyst.com