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Published byGillian Parker Modified over 8 years ago
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Innovating… On a Reduced Budget Identifying Opportunities to Reduce waste and Inspire Innovation in your Procurement Cycle 1
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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 3
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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 4
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The Current Sourcing Process
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Searching For New Suppliers Supplier Directories Search Engines Networking 6
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The RFQ Process… 7
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Identifying Waste
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Organizational Waste 13 “
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Saving money here….. 14
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Starts with saving money here. 15
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Waste Reduction Opportunities Prototypes Built to print non critical Spares MRO Parts 16
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Opportunities for Innovation
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Opportunity Only Exists When a Large Number of Potential Suppliers Do 18 Opportunity
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How a Marketplace Can Help… 19 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 20
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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 21
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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 22
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Questions
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Thank You! Bill Ryan Director of Sourcing Services bryan@mfg.com 678-556-2944
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