Textron Fastening Systems Selects NexPrise to Automate Its Quote Management Process

Textron Fastening Systems Selects NexPrise to Automate Its Quote
Management Process
Streamlining Costing and Quote Management by Automating These Processes to
Shorten Cycle Time, Improve Efficiencies and Cut Costs 


CARLSBAD, Calif., Nov. 2  /PRNewswire-FirstCall/ -- NexPrise, Inc.
(OTC:NXPS.OB) (BULLETIN BOARD: NXPS.OB)  today announced that Textron Fastening
Systems (TFS), a business unit of Textron Inc. (NYSE:TXT), has engaged NexPrise
to develop and deploy a Quote Manager Application as the foundation for
streamlining and standardizing its customer response activities in North
America.  Next, the process will be implemented in Europe and Asia.

During its period of rapid growth in the late 1990s, TFS acquired multiple
fastening businesses with their own cost estimating and quote management
processes.  In some cases, this meant that completing RFQs required augmenting
systematic efforts with manual quote processing and coordination. By leveraging
NexPrise's Web-based application, TFS will automate, streamline and migrate its
multiple quote processes and infrastructure to one standard.  This will
facilitate closer collaboration between its production facilities and supply
chain partners, saving significant time and effort in the RFQ process.

Moving to one quote management standard facilitates TFS business strategy. TFS
is the only globally organized provider of every major category of fastening
technology and service.  The company provides customized solutions for its
global customers by integrating its full product offering with applications
engineering, automation support services, and such supply chain management
services as vendor managed inventory programs, plant provider programs, and
global sourcing.  Its customers include the world's leading companies in the
aerospace, automotive, construction, electronics, and telecommunications
industries.

About Textron Fastening Systems

Headquartered in Troy, Mich., Textron Fastening Systems is the leading provider
of value-based fastening solutions, including engineered fastening systems,
state-of-the-art assembly technology, and inventory management and application
engineering services. With 10,000 employees worldwide, Textron Fastening
Systems supplies value-added products, systems, and services to customers in
more than 150 countries.

About NexPrise

NexPrise, Inc. markets solutions that can enable manufacturers to rapidly
automate key business processes and produce a return on investment in less than
6 months. These solutions complement and expand on currently installed
enterprise systems and allow for the ongoing process improvements companies
require to meet their changing business demands. NexPrise, Inc. is
headquartered in Carlsbad, California. For more information, please visit
http://www.nexprise.com/. 

DATASOURCE: NexPrise, Inc.



CONTACT:  Jerry Natoli of NexPrise, [phone], ext. 204



Web site:  http://www.nexprise.com/ 

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