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ICG Commerce Named to iSource Business Magazine's 2003 iSource 100
7/2/2003 8:01:00 AM
PHILADELPHIA, Jul 2, 2003 /PRNewswire via COMTEX/ -- ICG Commerce, a leading procurement services provider, today announced that it has been selected as one of iSource Business magazine's "iSource 100" in its annual listing of leading supply and demand chain enabling organizations.
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The iSource 100 serves as an indicator for evaluating enabling organizations and consulting firms with the most viable end-to-end supply and demand chain solutions and services from among the many hundreds of providers in the market today. The list was developed by iSource Business magazine's editorial staff and advisory board after conducting interviews with customer references based on a performance-focused questionnaire. Companies were technically evaluated in several areas, including product development, adaptability, supply and demand chain efficiencies, customer service responsiveness, return-on-investment, and financial stability. Through their commitment to continued improvement in the development of their innovative enterprise-wide solutions and services, the iSource 100 are leading the way in helping traditional companies make their supply and demand chains more effective and efficient.
With the continued top-down emphasis on cost reduction in today's challenging business environment, more and more companies are turning to procurement. In fact, "Seventeen percent of the companies that don't have sourcing and procurement applications today plan to implement them within the next 12 months -- the highest percentage of any major application category," according to AMR Research's "Enterprise Application Outlook for 2003: The Performance-Driven Enterprise" report. However, as the fragmented market continues to consolidate, only the enablers with the most viable end-to-end enterprise software applications and expert support services will prevail. ICG Commerce has proved itself to be one of these elite companies through its recognition in this year's iSource 100 and through the continued results it is delivering on behalf of its customers.
As a leading procurement service provider, ICG Commerce is helping drive significant savings on purchased goods and services for some of the world's largest companies, including Delta Air Lines, Nordstrom, Crown Cork & Seal, Timken and Kellogg Company. By combining its expertise and technology across the entire procurement process, ICG Commerce helps companies identify savings through sourcing solutions, realize savings through implementation and transaction management solutions and drive continuous improvement through category management.
"We are pleased to be included among this year's iSource 100 and to be recognized for our market-leading procurement solutions and services which are revolutionizing the way practitioners view their supply chains," said Edward H. West, CEO of ICG Commerce. "Like iSource Business, we are committed to keeping our customers on the leading edge by continually enhancing our comprehensive offering and building upon our extensive purchase-to-pay transaction management and procurement outsourcing capabilities.
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