6/05/08

Nordstrom implements eSourcing technology with Iasta® SmartSource®

Katie Evans , Managing Editor, International Research

Prestigious retail company deploys Iasta`s sourcing solution

INDIANAPOLIS - June 4, 2008-Iasta, experts in delivery of eSourcing software and services for global supply management, announced today that leading fashion specialty retailer, Nordstrom Inc., signed a multi-year agreement to utilize Iasta`s eSourcing solution. After completing a successful pilot period, Nordstrom determined that Iasta was the best fit based on Iasta`s strategic sourcing tools, system flexibility and an understanding of the company`s sourcing needs.

"After a thorough review, we found that Iasta offered Nordstrom the best solution set, combined with highest value for our money," said Steve Kesinger, Vice President of Procurement for Nordstrom.

Iasta`s SmartSource, a secure eSourcing platform, enables users to reduce sourcing cycle times, improve processes and capture cost savings through the use of robust features and functionality such as event management, eRFx creation and template libraries, advanced reverse auctions and post-bid optimization analysis. Nordstrom found the combination of these tools, as well as Iasta`s ability to support a multi-location retail organization with rapid response times and its robust resource library, was integral to their decision.

Iasta has built a relationship with Nordstrom as a result of successful implementation of our technology for their precise needs. Our deep experience of sourcing best practices has been critical to delivering value for Nordstrom,`s said Iasta COO, Jason Treida.

About Iasta

Iasta® is one of the world`s leading providers of Supplier Relationship Management (SRM) technology and services. Founded in 2000, Iasta helps organizations blend technology and best practice sourcing methodologies to make the best possible decisions in light of real-world constraints. Additionally, Iasta offers sourcing professionals around the world free access to extensive best practice content through our blog (www.eSourcingForum.com), wiki (www.eSourcingWiki.com) and the e-Sourcing Handbook, a modern guide to spend management success. Iasta`s software, services and resources enable companies to select the right processes and tools to make the right decision, every time. For more information, 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.

Topics:

Information technology management, Nordstrom, Sourcing, Strategic sourcing, Supply management

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