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ATLANTA, Dec. 13 /PRNewswire/ — MfgQuote.com, the world’s largest marketplace for sourcing and selling custom-manufactured goods and services, today announced the general availability of a new collaborative sourcing service created exclusively for OEMs who source custom-manufactured components through MfgQuote.com. This new service enhances MfgQuote.com’s focus on community by furthering collaboration in the enterprise and also helps to increase the quality of sourcing, improves buying decisions and saves time and resources.
“We are helping to unlock the intelligence of the enterprise,” said Mitch Free, president and CEO of MfgQuote.com. “This service will allow engineers and buyers to collaborate with suppliers during the design phase in the product lifecycle and dramatically reduce the product cost and time to market while increasing product quality and customer satisfaction. This gives our community of buyers, engineers, and purchasing professionals the ability to discover and collaborate with the perfect supplier for a project, and manage valuable relationships for continuously improving performance.”
Collaborative sourcing is the participation of multiple purchasing professionals and/or engineers collaborating internally or with external suppliers in a single sourcing system. The new offering provides a suite of online tools that streamline the sourcing process, automate collaboration and efficiently manage the supply chain. Buyers linked together online can securely distribute Requests for Quotes (RFQs), collaborate internally with other buyers, collaborate externally with suppliers, manage supplier data, and perform advanced sourcing analytics at an individual, group or product level. The new service is hosted and managed by MfgQuote.com, with no software or hardware for the customer to buy or maintain. The service is free to purchasing professionals and engineers sourcing engineered to order parts on MfgQuote.com.
The collaboration enabled through MfgQuote.com’s standardized sourcing platform gives companies a sharable, macro-level view of their supplier network. The result of this improved communication is higher sourcing quality, more informed buying decisions and sustainable bottom-line savings.
Key features of MfgQuote.com include:
- Collaboratively Source with Others Inside and Beyond Your Company.
Buyers, engineers and others who play a role in sourcing can collaborate
seamlessly on sourcing events. For example, a buyer may be responsible
for the business aspects in a sourcing process, and an engineer may be
responsible for the technical aspects, such as providing CAD files or
answering technical questions. Both can interact efficiently to produce
an RFQ, respond to suppliers, and evaluate quotes.
- Complete Audit Trail and Leveraged Corporate Intelligence.
System-generated and user-added notes to supplier profiles, RFQs, quotes
and quote actions (award, decline, negotiated, etc.) provide a complete
audit trail for sourcing events and create sharable corporate
intelligence.
- Shared Information, Reporting and Data Export.
Companies can selectively enable linked users to share data such as
preferred/approved suppliers lists, blacklists, supplier ratings and
prior history with a supplier. Users can create project folders and see
rolled-up, projected, per-unit costs for all components in a folder as
quotes come in. This makes it easy to compare quotes to baseline or
target prices. MfgQuote.com provides a comprehensive suite of reporting
tools enabling companies to run on-the-fly “what if” scenarios and to
export data to Excel or other internal systems.
- Include Favored Suppliers.
MfgQuote.com users can invite their existing suppliers to participate
in RFQs, even if those suppliers are not already members of the
MfgQuote.com network. Invited suppliers may quote work, but only for the
invited RFQs. MfgQuote.com respects privately invited suppliers and
their privacy.
- Digitally Signed Non-Disclosure Agreements.
When users create an RFQ they can elect to require suppliers to
digitally sign non-disclosure agreements before accessing drawings and
documents. And as a secondary level of security, users can elect to
review the signature and company profile prior to granting access. Thus,
no one gets access to data without explicit approval.
More than 43,000 buyers across the industrial spectrum (aerospace, transportation, consumer products, electronics and more) use MfgQuote.com to source, collaborate, and receive quotes online for more than 200 manufacturing processes such as CNC machining, metal stamping, forging, plastic molding, metal fabrication and metal casting.
About MfgQuote.com
MfgQuote.com is the world’s largest marketplace for sourcing and selling manufacturing goods and services. Headquartered in Atlanta, MfgQuote.com instantly and intelligently matches buyers with suppliers of manufactured parts across the globe, greatly expanding business opportunities for both. MfgQuote.com is transforming the once-fragmented world of manufacturing into a single, on-demand service, enabling products to be sourced and built more easily, quickly, inexpensively, and at higher quality levels.
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Haas CNC Racing Closes on Land in Kannapolis Gateway Business Park; Gateway Park Now Full, an Economic Development Success for the City of Kannapolis
Haas CNC Racing, which fields a NASCAR NEXTEL cup team, will begin construction early in 2006 on a new 140,000 square foot facility in Kannapolis after agreeing to a contract with the city to purchase nearly 23 acres in the Kannapolis Gateway Business Park.
The deal will bring the 85-employee firm, which expects to add up to 70 jobs over the course of the next few years, to the city. As part of the contract, Kannapolis will provide a Level 1 incentive grant worth $212,243.85 over five years.
With this deal and another recent land sale with MarkPiercePoole Inc., all developable land in the Kannapolis Gateway Business Park is under contract. MarkPiercePoole recently contracted with the city to purchase almost 4 acres for future development. Plans for these tracts include Class A office space and possibly retail buildings.
“The Kannapolis Gateway Business Park has been a tremendous success for the city,” said Kannapolis City Manager Mike Legg. “We will receive $3.1 million from our land sales over the course of the next few fiscal years. Our remaining loan balance is $1.3 million, leaving us nearly $1.8 million to invest in other economic development projects.”
Since the Kannapolis Gateway Business Park is sold out, city officials are aggressively looking at other land parcels for a new business park.
“Having a city-owned business park to work with has been a tremendous asset for the Cabarrus Regional Partnership,” said Ryan McDaniels, director of economic development, Cabarrus Regional Partnership. “It has provided us with the necessary product for prospects interested in locating to the county, and flexibility in our incentive packages.”
Over the course of the past several months City officials and the Cabarrus Regional Partnership worked with Haas CNC Racing in an effort to help them expand their current Cabarrus County operations.
“We’re excited about the deal with Haas CNC Racing,” said Patrick Pierce, partner, MarkPiercePoole Inc. “They are well-financed and provide a valuable presence in the Park. Their interest also validates the City’s strategy to create a first class business park to help drive economic development ”
Haas CNC Racing fields the No. 0 car driven by Mike Bliss in the NASCAR NEXTEL Series and the No. 44 car driven by Justin Labonte in the NASCAR Busch Series. The company intends to add one or more race teams over time to the site. Haas CNC Racing also operates a large automated CNC tool manufacturing company based in California.
“We currently operate out of a 40,000 square foot facility and needed more space,” said Joe Custer, general manager, Haas CNC Racing. “The Gateway Business Park’s proximity to Concord Regional Airport, Lowe’s Motor Speedway, and I-85 was a good fit for our firm.”
Haas CNC Racing’s decision to remain in Cabarrus County is a strong indicator of the County’s deep ties to motorsports-related industries according to John Cox, CEO, Cabarrus Regional Partnership.
“Cabarrus County is proving to be the destination of choice for motorsports companies which wish to compete at that industry’s highest level,” said John Cox, CEO, Cabarrus Regional Partnership. “By bringing this project to a satisfactory conclusion, we have been able to create more jobs for citizens of this county.”
According to Kannapolis City Manager Mike Legg, the deal would provide a solid source of tax revenue for the City as well as high paying jobs. “Not only are we excited to land such a valuable corporate citizen as Haas, but we are also proud of our success at the Gateway Business Park. In the future we hope to develop another business park and build off our success.”