Hearst Taps with Procuri for e-Sourcing

Media giant signs four-year agreement for strategic sourcing across all business units

Media giant signs four-year agreement for strategic sourcing across all business units

Atlanta — June 24, 2004 — Media giant The Hearst Corporation has signed a four-year agreement to use Procuri's strategic sourcing solutions across all of its business units.

Hearst is one of the largest U.S. diversified communications companies, with interests in publishing, broadcasting, Internet businesses and real estate. Before using Procuri, each media and communication division contained its own purchasing professional or team that sourced materials and services specified for that division.

Now Hearst will use Procuri's solutions not only to automate its sourcing procedures but also to aggregate the materials and services it sources, rationalize its suppliers across the entire enterprise and streamline its sourcing processes throughout the organization.

"Because of our company's six individual media divisions, we searched for a sourcing provider that could help us combine the materials we source across all divisions, streamline our processes and institutionalize best practices," said Steve McNally, procurement manager for Hearst. "After evaluating several providers and using Procuri's functionality, we were confident Procuri offered the best solutions and resources to help us achieve our sourcing goals."

Hearst will initially deploy the solution to its various newspaper units. Over the next few months, the company plans to roll out the technology to its other media divisions in the corporation and eventually achieve adoption across its numerous business units spanning Hearst's six media divisions.

Other customers for Procuri's sourcing solutions include Procter & Gamble, Eastman Kodak, KLM Royal Dutch Airlines and U.S. Steel, among others.

For more information on the current state of the sourcing market, see the article "Global Enabled Supply and Demand Chain Series: Sourcing" in the October/November 2003 issue of Supply & Demand Chain Executive.