Press Releases
Lilly Software and SupplierMarket.com Team To Bolster E-Commerce with Online Purchasing
3 March 2000, Hampton, NH (USA), and BURLINGTON, Mass. - Lilly Software Associates, Inc. (LSA) has signed a non-binding letter of intent to form a strategic alliance with SupplierMarket.com. SupplierMarket.com is a leading Internet marketplace for the buying and selling of manufactured direct materials. The two companies intend to link the SupplierMarket.com marketplace to LSA customers using LSA’s flagship VISUAL Manufacturing® supply chain software.
“We believe this will benefit VISUAL users, as both buyers and suppliers,” said Bob Bettencourt, LSA’s manager of product development. “As buyers, our users will be able to post RFQs on the SupplierMarket.com marketplace and invite competitive bids. And our users who are suppliers can participate in these bidding events to win new business.” Mr. Bettencourt is particularly enthused by the buying power, and worldwide sales potential, that SupplierMarket.com lends LSA customers.
On the SupplierMarket.com marketplace, suppliers browse RFQs that buyers have posted. Likewise, buyers are matched to qualified suppliers by the SupplierMarket.com SmartMatchSM system. When a qualified list of suppliers has been finalized, a real-time, online bidding session is held wherein suppliers can offer competitive bids. At the end of the bidding, the buyer simply chooses the supplier that best meets its requirements.
“It presents the customer with cost savings through automated competitive bidding,” said Asif Satchu, co-founder and president at SupplierMarket.com. “On the sell side, it opens up a new sales channel. For the buyer, we deliver qualified suppliers to bid on contracts.” Initially, SupplierMarket.com will operate outside of VM, but the two companies intend to integrate the two solutions to automate the RFQ process.Both SupplierMarket.com and Lilly Software will be exhibiting at National Manufacturing Week, March 13 – 16, 2000 in Chicago.
About SupplierMarket.com
People buy parts. People sell parts. This is where they meet.
Headquartered in Burlington, Mass., SupplierMarket.com is an Internet marketplace that provides mutual benefits to buyers and suppliers of manufactured direct materials. To use this unique online marketplace, companies only need an Internet connection; there is no investment in IT infrastructure, training or subscription fees. Through sophisticated matching and information technology, the SupplierMarket.com site enables manufacturers to broaden their supply base as well as secure more customers. The complete procurement process culminates in a live, online bidding event between buyers and qualified suppliers saving businesses time and money. SupplierMarket.com may be contacted at (781) 270-7044, or for additional information please see the company Web page http://www.SupplierMarket.com.
About Lilly Software Associates
Lilly Software Associates, Inc. provides a complete line of enterprise and
supply chain solutions for manufacturers and distributors. The VISUAL
Enterprise™ suite of products helps companies capture and analyze real-time data
about all their business processes using ERP, Project Management, Business
Performance Management, Quality Management, Customer Relationship Management,
and Warehouse Management System capabilities. From award-winning software to
strategies in Lean Manufacturing and TOC, Lilly Software offers companies the
tools they need for higher productivity and profitability.
Most VISUAL® applications run on Windows® 98, Windows NT,
Windows 2000, Windows XP, UNIX®, LINUX, Novell®, using
SQLBase®, Microsoft SQL Server®, or ORACLE®
relational databases.
Lilly Software has received many industry awards for its products, service, and
financial growth since its inception. Most recently, the company has been voted
one of the Top 10 Best of Breed solutions for manufacturing by readers of
Consumer Goods Technology, listed in
Software Magazine's Top 500,
selected as a Top 100 Logistics Information Technology Provider in
Inbound Logistics, listed in the Top
100 Application Vendors in Supply Chain
e-Business, included in MSI's
Top 100 for its eighth year, and ranked as one of
Start magazine's Hottest Companies.
BACK TO NEWS
|
