Thomas Net Release
 

Thomas Net Release

ThomasNet Launches Contract Toolsin Partnership with Source One

ThomasNet Contract ToolsFree tools improve purchasing processes and make buyer’s and engineer’s jobs easier.

New York, NY. September 9th, 2008

ThomasNet, the leading online industrial marketplace, today announced the availability of free contract management tools for ThomasNet users through an exclusive partnership with Source One Management Services, LLC, a leading procurement service provider. The addition of contract management tools to the existing purchasing toolset at ThomasNet is a natural enhancement to ThomasNet and Source One’s joint offering.


 

—Original Press Release Below—


May 5th, 2008, New York and Willow Grove, PA ThomasNet, the leading online industrial marketplace, today announced the availability of free purchasing tools for ThomasNet users through an exclusive partnership with Source One Management Services, LLC, a leading procurement service provider. Corporate, government and military buyers rely on ThomasNet to search for and purchase everything from printed circuit boards to laboratory equipment to machinery from over 607,000 suppliers.

ThomasNet Purchasing Tools, Powered by Source One

ThomasNet’s new capabilities, known as ThomasNet’s Purchasing Tools, give the more than 3 million monthly users of www.ThomasNet.com free access to Request for Information/Proposal/Quote (RFx) and Reverse Auction Tools, making it possible for buyers that do not have purchasing software to significantly increase the speed and efficiency of their purchasing processes. ThomasNet users can easily access the desktop tools at no charge, and begin incorporating them into their daily purchasing processes, without additional training or the need to support complex software systems. The tools are available to buyers who register through the MyThomas section of the ThomasNet site, which is also free to all users.

“These tools reduce the time buyers need to devote to each separate request and can improve purchasing efficiency by 30 percent or more,” said Steven Belli, CEO of Source One.

Without these purchasing tools, sourcing can be a cumbersome process of sending out separate emails to each supplier, collecting replies through various Word or Excel documents, copying key variables into spreadsheets for analysis, and then double-checking data to ensure apples to apples comparisons.
ThomasNet’s Purchasing Tools streamline the entire process allowing buyers to create and send Requests for Quotations, and review and analyze sellers’ information in a pre-set format, all via a safe, secure and confidential online tool. Specific functionality includes single or multiple line item listings; the ability to upload unlimited attachments including specs, drawings, documents and presentations; multi-currency support; and secure online storage of RFx events; along with the ability to copy and re-run events in the future.

“ThomasNet is an important and convenient resource for any industrial buyer or engineer who wants to locate the exact products and services they need. We?re happy to add another level of efficiency to their purchasing experience with easy-to-use, task-oriented tools that they can depend on every day,” said Pat Daloisio, ThomasNet’s Director, Strategic Business Initiatives.

ThomasNet understands their users, “e-business needs and continually responds with numerous innovations. We are excited that they have selected Source One to enhance their critical procurement offerings,” said Steven Belli, CEO of Source One.

About ThomasNet.com

ThomasNet (www.ThomasNet.com) is the leading online industrial marketplace and business-building site connecting buyers and sellers worldwide. Buyers from Fortune 500 companies, the government, the military and more depend on ThomasNet to search for and purchase the products and services they need. ThomasNet provides access to over 607,000 industrial companies, indexed by 70,000 product and service categories, and featuring over 20 million CAD drawings that help buyers find products to meet their specifications. Industrial manufacturers and service companies are successfully using ThomasNet to grow their businesses, discover new markets, develop new customers, and uncover new revenue sources. Drawing from the company?s experience in the industrial market and ongoing research on buyers’ and sellers’ needs, ThomasNet has helped thousands of clients create websites that incorporate online catalogs, CAD drawings, and e-commerce capabilities.

About Source One

Since the early nineties, Source One has been providing on-demand resources to help companies realize rapid and sustainable savings in over 100 categories of procurement. Engagements may include strategic sourcing, spend analysis, spend management, identification of alternate suppliers, market and supply research, RFP management, price and terms negotiations, contract recommendations, project management and implementation. For more information, call 215-902-0200.

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Sourcing Solutions Provider

About Source One
Source One is the most established leading Procurement Service Provider with a solid history of profitable business since 1992.

Our Strategic Sourcing Services are like no others, and will provide low-risk solutions that will return high value to any organization.

With on-demand Strategic Sourcing services and free online sourcing tools, Source One has the ability to help drive savings in your organization.


Strategic Sourcing Solutions
With low-risk solutions, Source One offers on-demand strategic sourcing resources as well as free procurement tools to help reduce costs and increase efficiencies in procurement.

Business Cost Reduction Services


The ThomasNet Partnership
ThomasNet and Source One are proud to be collaborative business partners. Our two strategies are completely synergistic and together we can provide procurement professionals a product that they want, at no cost.

ThomasNet & Partnership Announcement