VF Corporation selects Iasta for e-Sourcing functionality
International branded apparel company to deploy Iasta's sourcing tool
Indianapolis, IN, August 15, 2005Iasta.com, Inc., a leading provider of on demand e-Sourcing tools for the Global 3000, today announced that VF Corporation signed a multi year agreement to utilize Iasta sourcing technology. After a successful pilot period which included reverse auctions and multi-location implementation/training and support, VF determined Iasta to have the most cost effective and robust solution on the market.
"We were impressed by the responsiveness of the Iasta team and the strong functionality that was clearly apparent, especially in features such as line item lotting and post bid optimization. Our supplier feedback has been outstanding which certainly has helped adoption and implementation of savings. Overall, the suite has a vast amount of functionality that we continue to receive tremendous benefit from," said John Lewis, Vice President of Procurement.
Iasta's SmartSourceTM secure e-Sourcing platform enables users to streamline 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.
David Bush, Vice President of Business Development for Iasta, explains that the relationship works well for both companies. "Iasta's mature product and experience with Fortune 1000 clients over the last five years has provided the foundation for VF to achieve a very valuable and measurable return on investment in both the short and long term. We are very proud to have been selected as the preferred e-Sourcing solution."
About VF Corporation
VF Corporation is a leader in branded apparel including jeanswear, outdoor products, intimate apparel, image apparel and sportswear. Its principal brands include Lee, Wrangler, Riders, Rustler, Vanity Fair, Vassarette, Bestform, Lily of France, Nautica, Earl Jean, John Varvatos, JanSport, Eastpak, The North Face, Vans, Reef, Napapijri, Kipling, Lee Sport and Red Kap.
About Iasta
Located 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 over 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 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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