Navy Supply Re-ups with Procuri

NAVSUP signs five-year contract with e-sourcing provider

Atlanta — March 26, 2003 — The Naval Supply Systems Command (NAVSUP) has extended its contract to use an e-sourcing solution from Procuri under a new five-year deal with the provider.

NAVSUP is the U.S. Navy's principal supplier of goods and services. The Mechanicsburg, Pa.-based organization employs a global work force of 24,000 military and civilian personnel, overseeing logistics programs in the areas of supply operations, conventional ordnance, contracting, resale, fuel, transportation and security assistance.

NAVSUP signed a multiple-year contract with Procuri in 2000 after completing a pilot program. NAVSUP personnel use Procuri's Internet-based sourcing tools and services to collaborate and negotiate with suppliers from their desktops.

Procuri said that to date NAVSUP has conducted over 80 bid events with an average savings of 20 percent. The agency purchases more than $5 billion worth of supplies and services each year.

The latest contract is worth $2.25 million, according to Procuri.

In addition, last month the U.S. General Services Administration (GSA) approved a multiple award schedule (MAS) Contract to Procuri. This contract allows federal agency customers to purchase Procuri 4.0 through 2007.

"All federal government agencies are under increasing pressure to improve efficiency, cut costs and garner maximum utility from every taxpayer dollar," noted Mark F. Morel, Sr., Procuri's president and CEO. "We are extremely pleased with the results the U.S. Navy has realized and expect other federal and private sector customers to experience similar savings opportunities."