RubberNetwork Delivers e-Sourcing

Taps CoreHarbor to host and manage sourcing events for rubber and tire industry e-marketplace

Atlanta  April 12, 2002, the e-business marketplace for the global tire and rubber industry, has selected CoreHarbor to host its sourcing solution as part of its business services offering.

Atlanta-based, announced in April 2000 at the height of the brick-and-mortar backlash against the dot-com onslaught, counts nine of the largest companies in the tire and rubber industry among its members, including Continental, Cooper, Goodyear, Michelin, Hankook, Pirelli, Sumitomo, Toyo and Yokohama. The e-marketplace targets the $50 billion tire and rubber industry.

The e-marketplace will use CoreHarbor's expertise in the area of hosted and managed e-sourcing solutions to offer e-sourcing services to its member companies based on technology from Ariba. Participating members can conduct private sourcing events, with the goal of reaping cost and processing savings.

"Through CoreHarbor we have access to sourcing expertise and a secure hosted e-sourcing solution with comprehensive management and monitoring services," said John Garrison, CTO at RubberNetwork. "CoreHarbor provides RubberNetwork with everything we need to support and accelerate the attainment of our member company's strategic sourcing goals."

CoreHarbor said it already has hosted, managed and monitored numerous sourcing events for RubberNetwork, with more planned throughout the year.

According to the Aberdeen Group, companies worldwide could save $1.7 trillion from their current combined total spend through the deployment of various e-sourcing technologies.