News Releases - SupplyWorks, Inc.

Procuri and SupplyWorks Announce Joint Marketing Agreement

Agreement Offers Customers Comprehensive Procurement Solution

ATLANTA and BEDFORD, Mass, 8/30/04 — Procuri Inc., a leading provider of strategic sourcing solutions, and SupplyWorks Inc., a leader in direct materials supply management software for discrete manufacturers, today announced a sales and marketing alliance. This partnership will enable both companies to better assist their discrete manufacturing customers in making informed decisions regarding how best to manage direct procurement processes.

Under the terms of the agreement, SupplyWorks and Procuri will market each others’ products to their current and prospective discrete manufacturing customers. Both buyers and suppliers are positioned to benefit from this alliance by gaining access to cost-effective, web-enabled solutions that have demonstrated return on investment.

“Our association with Procuri is a logical extension of SupplyWorks’ marketing footprint, but our customers are the real winners here,” said David Wangler, president and chief executive officer for SupplyWorks. “We have an opportunity to demonstrate the complementary benefits of both direct materials procurement and strategic sourcing to companies that may not yet have considered the corresponding cost reductions and business process improvements.”

SupplyWorks® MAX™, the company’s flagship product, is an easy-to-use Web-based suite which provides comprehensive functionality in the areas of supply chain visibility and synchronization, streamlined procurement execution and replenishment, and collaborative supply chain planning for direct procurement. SupplyWorks MAX complements ERP systems and enables manufacturers to more efficiently manage their supplier relationships across multiple locations. Businesses using SupplyWorks MAX see tighter integration between supply and demand, dramatic reductions in raw material inventories, increased flexibility in the buyer-supplier relationship, and more available working capital.

“Discrete manufacturers are demanding robust solutions as they look to manage complex, multi-tier, global operations,” said Mark F. Morel, Sr., president and chief executive officer for Procuri. “This partnership bridges the gap between procurement execution and strategic e-sourcing by providing buyers and suppliers with richer functionalities and enhanced capabilities that will enable the timely delivery of materials and ultimately increase the efficiency of supply chain operations.”

Procuri TotalSource™ automates, streamlines and institutionalizes processes and best practices across the entire strategic sourcing spectrum for enterprises of all sizes, industries, geographies and spend categories. This solution improves the effectiveness of buyers throughout an enterprise while developing new core competencies with lasting results and continuous improvement. Developed with all the advantages of “on-demand”, Internet-based software—no software or hardware to install, integrate, maintain, or configure, the highly scalable and secure Procuri TotalSource platform can be deployed rapidly around the world.

About Procuri Inc.

Procuri’s strategic sourcing solutions empower its more than 100 customers to create a competitive advantage. By accelerating business velocity, Procuri's solutions help companies achieve rapid ROI, reduce cycle times and improve buyer efficiencies. Procuri’s ability to leverage industry best practices and enable its customers to better predict and control their success in the sourcing process has led to the company’s unequaled 100 percent customer retention rate. Customers include Procter & Gamble, Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, Rio Tinto and U.S. Steel, among others. For more information, call 1-877-360-1600 or visit www.procuri.com.

About SupplyWorks

SupplyWorks, Inc. is the leader in direct materials supply management software that helps discrete manufacturers improve procurement execution, optimize the flow of parts and materials into their plants and lower their parts and material costs. SupplyWorks enables manufacturers to communicate and collaborate more tightly with their suppliers, increase throughput, and reduce inventories without reducing manufacturing responsiveness and flexibility. Information about SupplyWorks and its solutions is available on the Web at www.supplyworks.com or by calling 800-626-0220 x1690.

Media Contacts:

Erik Clausen or Nicole Piotrowicz
Schwartz Communications
781-684-0770
supplyworks@schwartz-pr.com