Norwood, MA April 4, 2001 The Tennessee Valley Authority (TVA), the nation's largest public power system, will use e-procurement software from elcom to enable online indirect purchasing and to create a private trading exchange, according to an announcement Monday from elcom.
TVA will use elcom's PECOS Internet Procurement Manager (PECOS.ipm) for indirect purchases and for creating a private procurement trading exchange that will provide TVA customers easier and faster Internet access to certain contracts for materials and services and also provide users with connectivity to public marketplaces, such as UtilityFrontier.com.
TVA selected elcom's software through a competitive bid process.
Congress established the TVA, which remains wholly owned by the U.S. government, in 1933, primarily to provide flood control, navigation and agricultural and industrial development; and to promote the use of electric power in the Tennessee Valley region. TVA delivers electricity to nearly eight million people in the Valley through 158 local power companies. The authority's 11 fossil plants, 29 hydroelectric dams, three nuclear plants and four combustion-turbine plants have a total generating capacity of 28,502 megawatts.
Larry Barth, corporate executive vice president of sales and marketing and CFO of elcom, said, "We look forward to working with TVA as one of our largest clients to automate the purchase of indirect items for themselves and enable easier access to materials and supplies contracts for TVA's power customers who choose to participate in the system exchange."
"PECOS Internet Procurement Manager will enable TVA to strategically source capital materials, access preferred supplier content in electronic catalogs, create multi-supplier purchase requisitions, and route them for approval based on TVA's or its partners existing business rules," said Gregory King, vice-president of strategic marketing for elcom. "We anticipate that TVA will realize significant enhancements to its purchasing productivity by using PECOS Internet Procurement Manager to automate its entire spend, which will result in both product and process cost reduction."