BIRMINGHAM, AL January 16, 2001 iSource Business, the only business magazine devoted exclusively to B2B e-procurement and supply chain enablement, announced today their list of the Top 100 Premier E-Procurement Providers for 2001. An awards ceremony was held last week for the Top 100 companies who attended the iSource Top 100 Summit Conference in San Francisco.
The iSource Top 100 companies were selected by an advisory panel composed of iSource Business magazine editors, industry writers, and purchasing and technology experts. Companies were selected based on the following criteria:
1. A Pioneering Role in E-Procurement: Where was the company when B2B was born? What was the future it saw that others didn't? How did it make this vision a reality?
2. Technological Innovation: What cool thing did the company invent or improve? Did it have a practical application that made the innovation useful? Did it create a standard others have followed?
3. Continued Innovation: Does the company refuse to rest on its laurels? Is it eager to maintain its leadership role? Is it continuing to develop proprietary technologies, or to reach out and incorporate innovations it can use to make its product or service even better?
4. Solid Market Positioning: Does the company know its customers? Is it responsive to what they want? Is it striving to meet their needs? Does it know where it's going?
5. Industry Transformation: What has the company done to change purchasing and supply chain management? Is it introducing companies to new sources or new markets? Is its technology saving buyers time and money? Is it easing the way for suppliers to participate?
6. Product and/or Service Attributes: Is the technology worth the implementation? Can a company's customers expect reasonable time to market? Is it following through as promised? Can customers measure performance? Do they see an immediate difference or have a reasonable expectation of hitting their numbers on time? Are users satisfied with their online experience?
7. Adaptability: Does the company's technology integrate with existing systems? Is it able to update or change its technology as the need arises? Can it accommodate the different needs of its customers?
iSource awarded the following companies as members of the Top 100:
(in alphabetical order)
Bank of Montreal
BMO ePurchasing Solutions
Datastream Systems, Inc.
Dun & Bradstreet
GE Capital Financial Inc.
GE Global Exchange Services
Global Community Network
IPNet Solutions Inc.