News Releases - SupplyWorks, Inc.

SupplyWorks Named by Forbes to 'Best of Web B2B'

SupplyWorks Recognized for Leading Procurement Application;
Forbes Cites Significant B2B e-Commerce Growth in 2004

BEDFORD, Mass, 10/12/04 — SupplyWorks, Inc., the leader in direct materials procurement and replenishment solutions for discrete manufacturers, today announced that it has been named by Forbes to its Fall 2004 “Best of the Web: B2B” ranking of top B2B companies facilitating business-to-business applications, partnerships and transactions via the Web. Forbes recognized SupplyWorks for its work with customers Ingersoll-Rand, ImagePoint, Associated Spring, Danaher, BorgWarner Morse TEC and Barnes & Noble as well as for several technological innovations—including its SupplyWorks MAX procurement suite, collaborative direct materials planning engine and wireless e-kanban features.

“At SupplyWorks, we are constantly working to develop innovative, yet robust solutions that improve the performance of buyer-supplier relationships, reduce raw materials inventory levels and ensure the on-time delivery of finished goods,” said David Wangler, president and CEO of SupplyWorks. “We’re honored that Forbes has recognized SupplyWorks’ commitment to providing manufacturers with the ability to more efficiently manage their procurement and replenishment processes to lower costs and improve supply management.”

A private company founded in 1996, Bedford, Mass.-based SupplyWorks provides procurement and replenishment software that helps manage the flow of production parts and materials for manufacturers. The Company’s flagship product, SupplyWorks MAX, is a fully integrated, 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. SupplyWorks MAX is designed to complement ERP systems and enable manufacturers to more efficiently manage their supplier relationships across multiple plants and locations. SupplyWorks was also recently recognized by Supply Chain Systems magazine for its work with customer Danaher ICG.

Forbes Fall 2004 “Best of the Web B2B” emphasizes the accelerating momentum of business-to-business e-commerce in 2004. According to IDC and reported in Forbes, U.S. B2B ecommerce spending will increase an estimated 50 percent to $870 billion in 2004 and should sustain that growth rate through 2007. Each year, the editors of Forbes Magazine conduct independent research of companies in numerous business-to-business categories to determine the top B2B companies today. The magazine’s editors then select the standouts in each category. The 2004 winners are each profiled online at http://www.forbes.com/bow/index.jhtml.

About Forbes

Forbes.com Inc., (www.forbes.com) a leading Internet media company, is among the most trusted resources for the world’s business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning. Forbes.com includes real-time original reporting on business, technology, investing and lifestyle; stock and mutual fund quotes; comprehensive company profiles; a wide array of interactive tools, calculators and databases, including People Tracker, the annual Forbes Lists; a Lifestyle section that currently focuses on high-end vehicles, collecting, real estate and travel; and the complete online editions of Forbes' magazines.

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