FreeMarkets Announces Agreement with PPG Industries

Date: 27 November 2003
Source: Yahoo

Date: 27 November 2003

FreeMarkets, Inc., provider of global supply management (GSM) solutions, today announced that it has signed an agreement with PPG Industries, a global supplier of coatings, glass, fiber glass and chemicals.

Under the terms of the agreement, PPG is using FreeMarkets GSM solutions, including FreeMarkets® ES(TM) and FreeMarkets® QS(TM), to lower costs and standardize purchasing across its global operations.
"PPG is deeply committed to reducing costs through the effective use of innovative technology-based solutions," said Kathleen McGuire, Vice President of Purchasing for PPG. "FreeMarkets provides us with software, information and services which we can use not only to identify savings, but to generate efficiencies by standardizing the purchasing process across our operations."

Under the terms of its agreement with FreeMarkets, PPG will use both FreeMarkets ES and FreeMarkets QS as part of its overall supply management initiatives.

FreeMarkets ES is a comprehensive software solution that enables companies to manage requirements, supplier relationships, sourcing, decisions and contracts, among other things. FreeMarkets QS is the industry's leading sourcing application. A comprehensive, full-featured offering, FreeMarkets QS is ideal for automating, streamlining, and providing visibility into sourcing projects.

"PPG is a leader among global manufacturers in identifying and implementing technologies that enable it to develop world-class products in the most cost-effective manner possible," said Chris Connell, Vice President, Global Account Management, FreeMarkets. "We are very pleased that the company has chosen to use FreeMarkets' global supply management solutions as part of this process, and look forward to providing them with software and services that enable them to lower their total costs, reduce their supply risk and achieve their most strategic business objectives."

600450 FreeMarkets Announces Agreement with PPG Industries glassonweb.com

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