Iasta.com Inc, a leading provider of on-demand e-Sourcing technology for the global companies, announced that Burlington Coat Factory signed a software agreement to utilize Iasta sourcing technology.
After a successful pilot period, which began in Third Quarter 2005, Burlington Coat Factory determined Iasta to have the strongest suite of strategic sourcing tools, professional services and sourcing expertise.
"After a thorough review of the e-Sourcing market, which included over 10 vendors, they found that Iasta offered the best solution set, combined with highest value for organization," said Chic Chancey, Director of Procurement.
"The Iasta technology is well-suited for large, global corporations. In addition, they found that Iasta SmartSource has functionality that is critical for sourcing in the retail industry."
Iasta's SmartSource secure e-Sourcing platform enables users to reduce the sourcing cycle process and capture cost savings through the use of platform project and event management, e-RFx creation and template libraries, advanced reverse auctions and post-bid optimization analysis and reporting.
Burlington Coat Factory found the combination of these tools, as well as Iasta's ability to support a national retail chain with rapid response times and its deep e-Sourcing knowledge base, was integral to their decision.
"Iasta has built a strong relationship with Burlington Coat Factory as a result of successful implementation of technology for their precise needs. Experience in sourcing best practices has been critical to delivering a high return on investment for Burlington Coat Factory," said Mike Treida, Vice President of Sales for Iasta.
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