For the fourth consecutive year, e-LYNXX Corporation has been named one of the top 100 procurement firms in the United States and Canada by editors of Supply & Demand Chain Executive magazine.
“This honor recognizes the progress that we continue to make in providing innovative procurement technology that results in organizations saving 25% to 50% on procured goods and services,” said William Gindlesperger, chairman and chief executive of e-LYNXX Corporation. “It also reflects the acceptance of automated vendor selection technology in a North American marketplace that is seeking alternatives to traditional procurement methods.”
Automated Vendor Selection Technology differs from traditional procurement practices in that it puts the buyer in firm control of the purchasing process. First, the buyer establishes a database of pre-qualified vendors. A computer then pulls from that database only those vendors capable of doing a particular job, based on detailed job specifications that have been entered into the computer so the matching can occur. Savings result because, in the competitive bidding environment that is created, vendors drop their pricing to fill what would otherwise be open production time or no work.
Gindlesperger said savings are just one benefit of AVS Technology. Another is total transparency of the entire process from project conception and planning to production and packaging to delivery and invoicing.
Full accountability is established for all buyer and vendor participants, and communications is facilitated and streamlined via a secure, web-based communications and workflow system. Every task is documented and archived by the system for future reference.
“The Supply & Demand Chain Executive 100 spotlights successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions that this industry's professionals face today,” said Barry Hochfelder, editor of Supply & Demand Chain Executive. “The supply chain projects featured in this awards program can serve as a roadmap for new opportunities to drive operation improvements.”
The Supply & Demand Chain Executive 100, highlighting “100 Great Supply Chain Projects,” will be published in the June issue of the magazine and online at www.SCDExec.com/SCDE100.