Taps Frictionless Commerce for solution to meet cost savings target
Cambridge, MA February 2, 2004 Network Rail today announced that it has selected enterprise sourcing provider Frictionless' Sourcing software to meet an aggressive cost savings target.
London-based Network Rail is a 13,000 employee strong engineering company that was formed to revitalize Britain's railways.
As part of Network Rail's drive to control costs and improve efficiency, the company said a new system to improve purchasing and better manage their supply chain was required. After a formal evaluation process, Frictionless Sourcing was selected due to the software's functionality and ability to enable collaboration for Network Rail's 300-plus users.
Key to the Frictionless selection was its ability to fully support Network Rail's complex sourcing needs and supply chain environment. Responsible for over 21,000 miles of track, 2,500 stations and 40,000 bridges and tunnels across Britain, Network Rail must ensure that the infrastructure is maintained to the highest quality to deliver a safe and reliable rail network.
Frictionless Sourcing will be used to source a broad range of categories, from complex services, to capital equipment and asset management. In particular, the software's RFx (request for services), auction and supplier management features will be utilized to ensure quality goods and services are procured at the best price.
"We're looking forward to working with Network Rail to help them move to the next stage of strategic sourcing. They recognize the value of an end-to-end sourcing platform to deliver both cost savings and consistent processes," said Stephen Sharp, president and CEO, Frictionless Commerce.