Burlington Coat Factory Implements e-Sourcing Technology

Retailer taps Iasta's sourcing solution following successful pilot

Retailer taps Iasta's sourcing solution following successful pilot

Indianapolis — December 23, 2005 — Clothing retailer Burlington Coat Factory has signed a software agreement to utilize sourcing technology from Iasta following a successful pilot.

Founded and incorporated in 1972, Burlington Coat Factory operates more than 360 stores. The company began a pilot of Iasta's e-sourcing solution, SmartSource, in the third quarter after a survey of available sourcing solutions.

"After a thorough review of the e-sourcing market, which included over 10 vendors, we found that Iasta offered the best solution set, combined with highest value for our organization," said Chic Chancey, director of procurement at Burlington Coat Factory. "The Iasta technology is well-suited for large, global corporations. In addition, we found that Iasta SmartSource has functionality that is critical for sourcing in the retail industry."

Iasta said that SmartSource offers a secure e-sourcing platform that enables users to reduce the sourcing cycle process and capture cost savings through the use of platform project and event management, e-RFx creation and template libraries, reverse auctions and post-bid optimization analysis and reporting.

Burlington Coat Factory found the combination of these tools, as well as Iasta's ability to support a national retail chain with rapid response times and its e-sourcing knowledge base, was integral to their decision, according to the solution provider.

"Iasta has built a strong relationship with Burlington Coat Factory as a result of successful implementation of our technology for their precise needs," said Mike Treida, vice president of sales for Iasta. "Our experience in sourcing best practices has been critical to delivering a high return on investment for Burlington Coat Factory."

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