Innovating… On a Reduced Budget Identifying Opportunities to Reduce waste and Inspire Innovation in your Procurement Cycle 1

Innovating…On a Reduced Budget

Identifying Opportunities to Reduce waste and Inspire Innovation in your Procurement Cycle

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MFG.com – Quick Overview

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MFG.com is the only place manufacturers can source real-time in a “true” marketplace setting

• Founded in 2000• Headquartered in Atlanta, with

operations in Shanghai, Munich, Paris, Geneva and Bangalore

• Available in 7 languages, over 50 currencies

• Serves over 300 manufacturing categories

• Over 200,000 members in 50 countries

• Subscription based model for Suppliers

• Buyers use the marketplace at no cost

“One of the 15

companies that will

change the world”

-CNNMoney.com

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Sample of Buyers Currently Sourcing via MFG.com

• NASA Johnson Space Center• Northrop Grumman• General Dynamics• Spawar Systems• Dassault• Textron• GE

The Current Sourcing Process

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Searching For New Suppliers

• Supplier Directories• Search Engines• Networking

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The RFQ Process…

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Identifying Waste

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Organizational Waste

“

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Saving money here…..

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Starts with saving money here.

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Waste Reduction Opportunities

• Prototypes• Built to print non critical• Spares• MRO Parts

Opportunities for Innovation

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Opportunity Only Exists When a Large Number of Potential Suppliers Do

Opportunity

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How a Marketplace Can Help…

Sourcing Marketplaces

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Opportunities for Innovation

• Direct access to suppliers that have the capability, capacity and credentials to meet exact sourcing needs

• One-to-many communication• Capacity based response• Apples-to-apples format• Community based rating system• Online Intellectual Property Protection• Full Audit Trail

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What our Buyers are Seeing…

• Capacity is the ultimate cost diver• The market is smarter than any one

supplier• Traditional Benchmarking studies are

obsolete

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What to Expect from Marketplaces in the Future

• Global Adoption• Sourcing Offline will become a thing of the

past• Greater Tie-ins with ERP Providers• Vertical Expansion• Should Cost Model

Questions

Thank You!Bill Ryan

Director of Sourcing Services

[email protected]

678-556-2944

mailto:[email protected]

Documents

Innovating… On a Reduced Budget Identifying Opportunities to Reduce waste and Inspire Innovation in your Procurement Cycle 1