Philip Morris International Taps Procuri

Global tobacco company aims to standardize sourcing processes worldwide

Atlanta — December 8, 2003 — Tobacco company Philip Morris International has signed a three-year agreement to use strategic sourcing solutions from Procuri in a move to streamline sourcing processes for a number of its affiliates worldwide.

Philip Morris is one of the operating companies of Altria Group. Based in Lausanne, Switzerland, the company is a leading tobacco firm outside the United States.

The company is adopting Procuri's sourcing solutions and services in a drive to maintain control of its sourcing process in order to achieve time and cost savings objectives. The organization has begun its worldwide rollout by training 40 buyers in Europe.

Mark F. Morel, Sr., Procuri's president and CEO, said that the provider's solutions can help companies institutionalize best sourcing practices enterprise-wide. "The agreement with Philip Morris International represents the execution of our main goal at Procuri of supplying companies with an accessible, self-directed means to achieve their sourcing objectives," Morel said in a brief company statement.

Procuri 90-plus customers include Procter & Gamble, Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines and U.S. Steel.

For more information on the current state of the sourcing market, see the article "Global Enabled Supply and Demand Chain Series: Sourcing" in the October/November 2003 issue of Supply & Demand Chain Executive.

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