ProcureNet Gets Its Bearings

Tranny and bearing distributor joins OneSource

February 6, 2001 -- ProcureNet's power shifted into high gear this week with the addition of Motion Industries' $400 million line of power transmission and bearings products to its flagship product, OneSource. 

The world's largest distributor for the transmission and bearings industry, Motion Industries brings 100,000 items to PurchasePlace, one of three tiers in OneSource. Our product inventory is one of the most extensive in the world, with nearly two million parts. This inventory can now be located in seconds and delivered within 24 hours or less through PurchasePlace to help keep industry in motion, said Bob Summerlin, Group Vice President of Motion Industries.

ProcureNet selected Motion Industries as the dedicated supplier [because] they are a valuable addition to our group of suppliers and an excellent fit for our strength in business to government, said Niclas Ytterdahl, Vice President of Strategic Sourcing. The distributor is a perfect fit for ProcureNet's Department of Defense Prime Vendor contracts, which supplies parts and logistics support for military fleets and maintenance, repair and operations (MRO) for facility requirements across the globe.

OneSource is a three-tiered architecture that integrates buy-sell technology for clients, partners and suppliers. OrderPlace, a buyer-managed catalog of frequently purchased items, and ServicePlace, an Internet spot-buying service, comprise the other two tiers.