ICG Commerce Named to Supply & Demand Chain Executive's List of Top 100 Enabling Organizations for Second Consecutive Year
Wednesday June 23, 9:21 am ET
Honor Recognizes Leading Procurement Service Provider for Its Leadership and Sustained Growth
PHILADELPHIA, June 23 /PRNewswire-FirstCall/ -- ICG Commerce, a leading procurement services provider, today announced that it has been selected as one of Supply & Demand Chain Executive (formerly iSource Business) magazine's "Supply & Demand Chain Executive 100" in its annual listing of supply chain solution providers, consultants and other organizations leading the way in providing solutions and services for enabling supply chain transformation.
The list was developed by Supply & Demand Chain Executive magazine's advisory board and editorial staff, who technically evaluated applicants based on their long-term stability, industry knowledge and expertise, innovative solutions and services and ability to demonstrate a significant return-on-investment. Through their demonstration of leadership and sustained growth, the Supply & Demand Chain Executive 100 have asserted themselves as the principal players in the industry.
"We at Supply & Demand Chain Executive believe that 2004 marks, in many ways, a turning point," said Editor Andrew K. Reese. "Whether in formal interviews or casual conversations with executives working to enable their companies' supply chains, we have detected a shift in their attitudes from the survival mode most frequently encountered in 2002, and from the holding pattern most frequently seen in 2003, to active interest in again tackling, in a practical and systematic way, the concrete issues in organizations' supply and demand chains."
Acknowledging the changes in the industry since the original list was developed, Supply & Demand Chain Executive has tailored the submission criteria to identify the supply and demand chain survivors that have defeated market forces and continue to build up their customer base, build out their offerings and solidify their reputations for offering effective solutions. As a result, the 2004 Supply & Demand Chain Executive 100 serves as an indicator for evaluating enabling organizations and consulting firms with the most viable end-to-end supply and demand chain solutions and services from among the many hundreds of providers in the market today.
As a leading procurement service provider, ICG Commerce continues to build a customer base of leading companies, such as Nordstrom, Crown Cork & Seal, Timken, Avaya and QualxServ, that share the objective of generating significant savings on purchased goods and services. By developing a comprehensive procurement infrastructure, consisting of deep sourcing and category expertise supported by powerful e-Sourcing tools, a purchase-to-pay platform as well as dedicated customer service teams that address the entire purchasing cycle, ICG Commerce has earned a strong reputation for helping its customers identify, achieve and sustain total cost savings and efficiencies.
"We are pleased to receive this recognition for the second consecutive year and believe it's a reflection of our commitment to providing a comprehensive range of purchasing expertise, resources and technology to help companies drive efficiencies and reduce costs," said Edward H. West, CEO of ICG Commerce. "Our continued growth has been sustained by our ability to address specific pain-points in our customer's procurement processes and deliver measurable results."
For the complete listing of the Supply & Demand Chain Executive 100 and accompanying editorial, please see the June/July 2004 issue of Supply & Demand Chain Executive or the magazine's Web site at sdcexec.com .
About ICG Commerce, Inc.
ICG Commerce ( icgcommerce.com ) is the leading Procurement Services Provider delivering total procurement cost savings through an unmatched combination of deep expertise and hosted technology. ICG Commerce provides a comprehensive range of solutions to help companies identify savings through sourcing, realize savings through implementation and transaction management and drive continuous improvements through category management. ICG Commerce Inc., a privately held company founded in 1992, is a member of Internet Capital Group's (Nasdaq: ICGE - News) network of partner companies and has been honored as a Forbes' Best of the Web: B2B and UPSIDE Magazine Hot 100 company as well as had its executives recognized among Supply & Demand Chain Executive's "Pros to Know."
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is a bi-monthly business magazine aimed at uniting the intelligence, news and tools necessary to steer the supply and demand chain management professional and business executive through the complicated, yet critical, world of supply and demand chain management. With hard-hitting analysis, viewpoints and unbiased case studies, Supply & Demand Chain Executive will uncover each aspect of the new supply and demand chain to keep readers on the leading edge, the frontline and the profit zone. |
