eBreviate in the Fast Lane

eSourcing hits big in October

WALNUT CREEK, CA  PRNewswire -- November 16, 2000 -- eBreviate recorded its best month ever of online auctions and eRFPs. In October they finished with 26 e-negotiations covering 232 individual product sub-categories; an average of more than one event per business day of the month. Total spend topped $233 million and represented bidding activity from over 130 suppliers around the world.

The Walnut Creek, CA-based company surpassed its goal of enabling more than 110 e-auctions and eRFPs, totaling over $3 billion in customer spend. These transactions resulted in an average customer savings of 14%, or $420 million in total.

Highlights in auction and eRFP activity include:

  • In-flight entertainment centers for worldwide carrier Delta Airlines
  • Insulation, refrigerant, and engineered parts auctions and eRFPs for appliance giant Whirlpool
  • Cranes and hoists for global engineering, construction, and sourcing firm Fluor Daniel
  • Product packaging for global consumer products company Reckitt Benckiser
  • Capacitors and regulator for diversified energy company Entergy
  • Wooden pallets for one of the world's largest producers of glass and building materials, Saint-Gobain France

eBreviate saved two customers over 35% each: one for a petroleum equipment firm and the other for a pharmaceutical company. A single auction yielded over $12 million in savings for a major automobile manufacturer. Over 2,400 bids were submitted from 131 suppliers.

eBreviate's eAuctions and eRFPs are part of the company's integrated suite of eSourcing tools and technologies designed to take the time, cost, and inefficiencies out of corporate buying. "We believe eBreviate's results place us on a much faster growth curve than our chief competitor, FreeMarkets, at equivalent times in our companies' histories," said Sarah Pfaff, executive vice president of sales, marketing and strategy at eBreviate.