Burlington Coat Factory implements e-Sourcing technology with Iasta SmartSource
National retailer deploys Iasta's sourcing solution
Indianapolis, IN, December 22, 2005Iasta.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
TM
has functionality that is critical
for sourcing in the retail industry."
Iasta's SmartSource
TM
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 decor 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.
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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