February 19, 2003, 12:00 AM

Wegmans to deploy web-based procurement system

Following a pilot in December, Wegmans Food Markets Inc. will deploy a hosted web-based procurement system designed to lower the cost of procuring goods and services, the retailer said.

 

Following a pilot in December, Wegmans Food Markets Inc. will deploy a hosted web-based procurement system designed to lower the cost of procuring goods and services, the retailer said.

The Rochester, NY-based retailer, which operates 64 supermarkets in New York, Pennsylvania and New Jersey, will use the Intesource procurement suite from Intesource Inc., Phoenix. "We wanted to create an environment where our team could lower costs while sustaining the high quality Wegmans is known for," said Marianne Timmons, director of b2b for Wegmans. She added that the Intesource suite has proved to be flexible and easy to implement for both Wegmans and its suppliers.

The Intesource procurement system, which sits on Intesource`s computer servers that retailers and suppliers access with a web browser, is designed to assist retailers in negotiating procurement contracts during online sessions with multiple suppliers. Intesource says the average session runs 20-30 minutes and typically saves retailers 15% in procurement costs. In one recent reverse auction (where the lowest bid from suppliers is generally award a retailer`s purchasing contract), 613 bids were received in 22 minutes, an Intesource spokeswoman says.

 

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