Verticalnet (NASDAQ:VERT)
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Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on demand supply
management solutions, today announced that Bacou-Dalloz has signed a
multi-year subscription agreement for Verticalnet®
XE Performance Manager, a component of the Verticalnet XE Suite.
Bacou-Dalloz, world leader in the design, manufacturing and sales of
Personal Protection Equipment (PPE), selected Verticalnet after a
competitive evaluation designed to identify the provider best qualified
to meet their diverse requirements for supplier performance management.
Bacou-Dalloz has operating units world-wide, and will initially roll out
supplier performance management in the Americas and Europe, with later
phases focused on operations in Asia and South America.
"Building strong supplier relationships with our strategic suppliers is
critical to our long term growth strategy," said Steve Gardner,
Bacou-Dalloz Vice President Purchasing, Americas. "Bacou-Dalloz selected
the Verticalnet XE supplier performance solution as a key enabler to our
goals of implementing a company-wide best-in-class process to establish
expectations, measure the effectiveness of and drive improvements in our
relationships with suppliers.”
Verticalnet XE Performance Manager, delivered on-demand, enables
companies to dramatically increase supply base performance and contract
compliance management through the lifecycle of a supplier relationship.
Leveraging customer investments in existing ERP, supply chain, and data
warehouse systems, Verticalnet XE Performance Manager provides
enterprise-wide visibility into supplier relationships and facilitates
the rapid retention of negotiated savings as well as increased
collaboration with strategic suppliers. Verticalnet’s
innovative score-cards, actionable performance alerts, and collaborative
supplier corrective action plans provide a complete framework for
implementing and executing a supplier performance management program.
Bacou-Dalloz’s selection of Verticalnet to
support the automation of their supplier performance management program
is another affirmation of an ongoing increase in adoption for on-demand
supplier performance solutions. Verticalnet’s
XE Performance Manager has been enabling programs such as these for over
five years, with clients experiencing significant improvements in
product quality, supplier responsiveness and sustainable cost
management. According to the Aberdeen Group, “Enterprises
applying consistent performance measurements and procedures were able to
improve supplier performance by more than 26%, on average.”
"We are excited that Verticalnet XE Performance Manager has been
selected to be the supplier performance solution for Bacou-Dalloz," said
Nathanael V. Lentz, Verticalnet president and CEO. "Bacou-Dalloz joins
other best-in-class enterprises that are using Verticalnet XE
Performance Manager to improve supplier relationships, drive tangible
increases in product quality, and quantitatively assess supplier risks.
We look forward to helping them continue to improve the cost and quality
of their products through world-class supply management."
About Verticalnet
Verticalnet is a leading provider of supply management solutions that
enable companies to identify and realize sustained value across the
supply management lifecycle. Going beyond traditional spend management
and sourcing approaches, Verticalnet’s
solutions provide the visibility, insight and process control required
to maximize the sustained value realization from supply management.
Large enough to help customers attain supply management success
worldwide, yet nimble enough to provide individual attention and remain
focused on customer priorities, Verticalnet is helping leading Global
2000 companies and mid-market enterprises move their supply management
efforts to the next level through an optimal blend of software,
comprehensive services, and deep category knowledge and domain expertise.
To learn more, please visit us at www.verticalnet.com.