|
Spending Using eBreviate Technology
Tops $9 Billion; Company Has Saved its Clients More Than $1.2 Billion
eSourcing Leader Dramatically Accelerates Internet Negotiation
Activity and Savings Through Do-it-Yourself Capabilities
WALNUT CREEK, California (July 26, 2001) eBreviate, an EDS
company offering the market-leading suite of eSourcing tools, technologies
and services, today announced that since its
founding 18 months ago its clients have spent $9.2 billion through
its Internet Negotiations technology – and in the process saved
approximately $1.2 billion.
eBreviate reached the $9.2 billion spending mark on the strength
of a recent increase in auction activity. Customers conducted $2
billion in transactions using eBreviate technology in the past two
months alone, including one week during which eBreviate recorded
a spend volume of more than $1 billion.
The trend in accelerated auction spending follows closely with a
rapid increase in eBreviate's self-service auction capabilities.
By enabling companies to create and operate their own Internet
negotiations, eBreviate enables organizations to conduct eSourcing
activities on a massive scale. More than 60% of the nearly 650 eBreviate
auctions to date have been do-it-yourself, with over 200 such auctions
occurring in June and July alone.
eBreviate auctions span more than 400 distinct categories in dozens
of industries. The top five industry segments using Internet negotiations
are automotive, net markets, telecom, consumer electronics and consumer
packaged goods.
"eBreviate has the unique scope and capability to handle any
size auction, in any industry, for virtually any product or service,"
said Carrie Ericson, vice president of operations at eBreviate.
"We are pleased to see the strong pace of negotiations that
are helping us surpass competitors in terms of transaction growth
rate and numbers of distinct sourcing categories."
eBreviate's auctions are part of the company's integrated suite
of eSourcing tools and technologies designed to take the time, cost
and inefficiencies out of corporate buying. eBreviate's eSourcing
tools and services help organizations like Volkswagen, Procter &
Gamble, Becton Dickinson,and the U.S.
Navy to achieve significant savings and add strategic value to the
sourcing process through the use of advanced Internet technology.
About eBreviate
eBreviate, an EDS company, combines leading-edge technology with
market-driven content and in-field services to deliver the best
eSourcing solutions to global businesses, governments and net markets.
Located in Walnut Creek, California, with regional offices in Plano,
Texas and London,
England, eBreviate enables purchasing organizations to become razor
sharp and rigorous in what they buy, from whom they buy and under
what commercial terms. eBreviate's integrated and automated eSourcing
tools take out time, cost, and inefficiency from the procurement
cycle. This automation brings greater productivity and accountability
to purchasing, while optimizing the way buyers and suppliers qualify,
negotiate, and evaluate their business relationships. eBreviate
can be
found online at www.ebreviate.com.
About EDS
EDS, the leading global services company, provides strategy, implementation
and hosting for clients managing the business and technology complexities
of the digital economy. EDS brings together the world's best technologies
to address critical client business imperatives. It helps clients
eliminate boundaries, collaborate in new ways, establish their customers'
trust and continuously seek improvement. EDS, with its management
consulting subsidiary, A.T. Kearney, serves the world's leading
companies and governments in 55 countries. EDS reported revenues
of $19.2 billion in 2000. The company's stock is traded on the New
York Stock Exchange (NYSE: EDS) and the London
Stock Exchange. EDS can be found online at www.eds.com.
# # #
|
