PITTSBURGH, May 31, 2009 — Beginning today, small and mid-sized enterprises can take advantage of the same strategic sourcing technology that has saved large corporations millions of dollars a year across their direct and indirect spend. In some cases, these organizations can achieve savings as high as 25%, without being bogged down in technical complexities and without incurring the high license or subscription fees and consulting costs normally associated with these efforts.
Moai® Technologies, a global leader in sourcing consulting services and technology-enabled solutions, today announced the immediate availability of OnDemandSourcing™, an innovative, hosted offering that brings the power and flexibility of strategic sourcing to companies on a per-event cost basis, with volume prices initially starting at less than $1,600 per web-based event. To accommodate the unique needs of different organizations, OnDemandSourcing is offered at three separate service levels – self-service, managed service and full-service.
" Moai’s OnDemandSourcing is definitely tailor-made for upper mid-market firms that need a fast, friendly system for their few effective spending categories," said AMR Research vice president Pierre Mitchell, "but it’s also great for large firms looking to take one small step toward e-sourcing, but not wanting to take one giant leap toward a six-figure e-sourcing suite. "
OnDemandSourcing events will be hosted on secure, backed-up, high-performance production servers to provide a positive experience for first-time customers. Moai’s team is available to help firms select items, quickly configure events, train buyers and suppliers, invite suppliers, and run reverse auctions and multi-line sourcing events that have been proven to reduce costs and help companies operate more efficiently.
" Moai's OnDemandSourcing will help speed the process of bringing vendors and buyers together," said Kevin Rathie, VP of Business Development of ForestExpress, a leader in e-business solutions for the forest products and allied industries. "Its availability on an as-needed basis will help them control their costs; our customers will appreciate this efficient, cost-effective solution."
OnDemandSourcing offers companies measurable and documented benefits including:
• Cost reductions of up to 25%;
• Elimination of risk and reduced cost of entry;
• Reduction of up to 65% in sourcing cycle times;
• Improvement in workflow efficiencies and time-to-market;
• Enhanced collaboration with key suppliers;
• Ease of use, with quick setup; and
• Access to best practices in sourcing.
OnDemandSourcing leverages and extends Moai’s proven track record of helping Global 2000 firms save money through the use of CompleteSourceTM, its complementary, flagship strategic sourcing solution. The record is impressive: more than $10 billion in goods and services have been sold and purchased using CompleteSource, with Moai’s customers realizing average savings of 16-20% over the price they traditionally paid for goods and services.
The OnDemandSourcing program was introduced to suppliers at Cessna Aircraft’s Supplier Conference, held earlier this month. Cessna, a Textron (NYSE: TXT) company, has provided its suppliers with the opportunity to access Moai's CompleteSource on-line sourcing capability. “We recommend that our suppliers consider implementing on-line sourcing such as Moai's OnDemandSourcing, since it gives them the ability to provide customers like us with more competitive pricing, while reducing their costs and sourcing cycle times,” said Cessna’s Chris Addington, e-Sourcing Process Leader. “OnDemandSourcing offers both us and our suppliers the benefits available from extending strategic sourcing through the entire supply chain.”
“ OnDemandSourcing gives mid-sized enterprises the opportunity to utilize many of the capabilities of CompleteSource and benefit from the strategic, streamlined approach to buying the goods they need to compete in the marketplace,” said Ramesh Mehta, Moai’s Chief Executive Officer. Moreover, the bottom-line cost savings from a program such as OnDemandSourcing are easily quantifiable, making it a service that C-level executives can understand, appreciate and implement.”
Further details about Moai’s new OnDemandSourcing program, its service offerings, benefits, and pricing are available at the company’s new website: www.OnDemandSourcing.com.
About Moai Technologies
Founded in 1996, Moai Technologies is a provider of sourcing consulting services and technology-enabled solutions that allow corporations and e-Marketplaces to realize the maximum savings possible through strategic sourcing. Moai’s solutions can be customized and scaled to meet the needs of large and mid-sized organizations, no matter where they are in their strategic sourcing process. Moai has licensed its solutions to more than 145 customers in 18 countries from a variety of industries, including retail, manufacturing, forest products, chemicals and metals. Through strategic strategic sourcing, Moai’s customers have sourced more than $10 billion in goods and services, and have realized savings of more than $1 billion. Moai investors include market leaders such as Redleaf Group, Harbourvest Venture Partners, Hewlett-Packard, Intel, Merrill Lynch, Reuters and UPS. For more information, visit Moai online at www.moai.com.