CHICAGO-- September 20, 2000 – FindMRO.com, a Grainger company, today announced that it will provide strategic sourcing to Commerce One® customers who use the portfolio of business services now available on the latest version of Commerce One.net (formerly named MarketSite.net).
The integration of FindMRO.com as a strategic sourcing service with Commerce One.net expands choice for buyers and simplifies the sourcing process. FindMRO.com’s team of experienced sourcing specialists have established relationships with more than 12,000 suppliers and utilize FindMRO.com’s database access to five million products to provide the most comprehensive capability for finding indirect materials and services. FindMRO.com streamlines customer purchasing by reducing the number of catalogs they require and provides quick and easy solutions for the difficult and costly task of sourcing spot buy items.
“A spot buy of a hard-to-find product costs an average of $500 per item and can take days to fill. FindMRO.com makes the search easier and significantly reduces the cost,” said Donald E. Bielinski, group president, Grainger. “We believe that Commerce One and FindMRO.com can bring unprecedented costs savings to Commerce One.net customers.”
“We’re pleased to have FindMRO.com sourcing capabilities integrated with Commerce One.net because FindMRO.com brings sourcing and MRO domain expertise to our e-marketplace,” said Roy Satterthwaite, vice president, Commerce One.net.
FindMRO.com, a Grainger company, is a leader in the business-to-business (B2B) marketplace providing procurement solutions for hard-to-find maintenance, repair and operating (MRO) supplies. Launched in November 1999, FindMRO.com has been adding approximately 1,000 new products a day to its database. FindMRO.com’s capabilities allow for easy integration with all types of e-procurement solutions from Web portals to Enterprise Software Vendors. For further information, visit www.findmro.com.
W.W. Grainger, Inc. (NYSE: GWW), with 1999 sales of $4.5 billion, is the leading North American provider of maintenance, repair, and operating (MRO) supplies and related information to businesses and institutions. Grainger shares are traded on the New York and Chicago stock exchanges. For more information, visit Grainger online at www.grainger.com.
Commerce One has established new relationships with leading business service providers and is syndicating these services through Commerce One.net, providing unparalleled customer access to high quality business services. The Commerce One.net portfolio of business services is open, enabling B2B e-commerce regardless of trading partner platforms. As a leading e-marketplace connected to the Global Trading Web (GTW), a worldwide B2B trading community with $2.3 trillion in buying power across 54 countries on six continents, Commerce One.net has access to more than 6,900 buying organizations, thousands of suppliers and more than 50 e-marketplaces on the GTW. As an e-commerce hub, Commerce One.net will provide syndicated offerings such as business and transaction services to the worldwide e-commerce community.