Iasta Releases SmartSource 6.5 with Bid Optimization
Major strategic sourcing enhancements in functionality and breadth included
Indianapolis, IN, February 27, 2006Iasta.com, Inc., a leading provider of e-Sourcing products
and services for the Global 3000, today announced that has released its latest application version on
December 27th, 2005. The latest version boasts a variety of new, highly advanced tools to improve e-RFx
and bidding management, build and track custom document libraries with version control/permissions,
and over 100 user requested features. However, the most powerful addition is the release of the
Iasta's Decision Optimization engine which allows for analysis of complex
award scenarios with constraint based filters.
This new product release is available to all current Iasta clients at no additional cost.
Iasta's Decision Optimization engine rivals the most advanced optimization engines in
the e-Sourcing industry today - without the heavy professional service costs
normally associated with this type of technology.
"Iasta has broken new ground with this extremely powerful bid optimization
technology that seamlessly integrates with the SmartSource sourcing engine.
By delivering this technology through a simple user interface, we have brought
sourcing optimization to a much larger audience that is no longer banished to
the complicated, expensive world of freight consultants," said Christopher
Sansone, CTO and chief optimization architect.
Some common usages of advanced sourcing optimization include:
- Forcing incumbent suppliers to win a certain amount of business across the event or on particular items
- Giving minority suppliers a minimum amount of business
- Specify a minimum / maximum number of suppliers to be awarded business on a group of items or the entire business
- Limiting supplier capacity
- Splitting the award of a group of items into percentages awarded, such as 80% / 20%, and specifying a tolerance to allow for a range of percentages.
About Iasta
Iasta is a leading global provider of sourcing automation software and service solutions located in
Indianapolis. As a significant and emerging provider of e-Sourcing applications and services,
Iasta has amassed an impressive client list of over 80 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 customer's source goods and services with an
average cost reduction of 17%, in addition to significant reductions in sourcing cycle
times. For more information about Iasta, please visit
www.iasta.com
or call 317.594.8600.
Iasta is a trademark of Iasta.com, Inc. All other products and brand names are trademarks or registered trademarks of their respective owners.
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