Burlington, MA July 23, 2002 Emptoris Inc., a provider of collaborative strategic sourcing solutions, this week announced that Exostar has selected Emptoris ePASS as the e-sourcing platform for its Internet-based global exchange for the aerospace and defense industry. Exostar is an electronic business service provider that connects aerospace and defense manufacturers, suppliers and customers in a virtual marketplace for sourcing, commerce and collaboration. The Boeing Co., an Exostar founding partner, began using ePASS to conduct live auctions on July 1.
Exostar will deploy Emptoris' ePASS, a portfolio of Web-based e-sourcing solutions, across its exchange to enable buying participants to conduct the sourcing process, including qualifying suppliers, aggregating demand, managing request for quotes (RFQs) and reverse auctions, and analyzing complex supplier bids.
"e-Sourcing is a critical part of the overall procurement process for the participants in the Exostar exchange," said Peter Scott, program manager, e-sourcing solutions, Exostar. "The companies participating in our exchange have different needs ranging from the execution of simple auctions to complete bid package management for complex sourcing activities. After evaluating a number of e-sourcing suppliers, we selected Emptoris' ePASS. With ePASS we will be able to offer our member community the tools they need to optimize their sourcing activities and achieve sourcing process and cost saving goals."