ALEXANDRIA, VA (April 23, 2001) - The WorldWide Retail Exchange (WWRE), the premier Internet-based business-to-business (B2B) exchange for retailers and suppliers, today announced the launch of its RFx services.

The WWRE RFx solution, a scalable version of Ariba's Dynamic Trade application, can be used in two distinct ways:

• Request for Quote/Proposal (RFQ/RFP), an alternative sourcing method used to solicit offers from suppliers to be used in a negotiated purchasing process. The tool allows users to submit a request online and interactively negotiate among suppliers.

• Request for Information (RFI), a pre-sourcing activity used to gather as much information as possible prior to a sourcing activity. The tool allows for quick deployment of the information request and the responses are returned in a standardized format to allow for rapid assimilation of information.

"The RFx tool, the second in our suite of eProcurement offerings to go live at the WWRE, is a strategic sourcing tool that will offer immediate benefits to our members," said Colin Dyer, CEO of the WWRE. "Both suppliers and retailers will gain significant benefits from utilizing a web-based tool that is exchange enabled, including online interaction, potential for quicker turnaround times and easier access to necessary data. Ultimately, these benefits will translate into savings for the end consumer. It's a win-win-win situation."

Benefits specific to retailers include lowered procurement costs, simplification of the information-gathering process, a unified approach to multiple suppliers and the ability to pass on savings to their end consumer. Supplier-specific benefits include enhanced visibility for companies of all sizes, including small- and medium- sized suppliers, and standardized processes across a broad range of global retailers.

About the WWRE
The WWRE is the premier Internet-based business-to-business (B2B) exchange in the retail e-marketplace. Designed to facilitate and simplify trading and information sharing between retailers, suppliers, partners and distributors, the WWRE currently consists of 53 leading retailers from Africa, Asia, Europe, North America and South America with combined sales of U.S. $790 billion. For more information, visit the website at www.wwre.org or www.worldwideretailexchange.org.

 

Media Contacts:
Keri Phifer
WorldWide Retail Exchange
703.234.5056
kphifer@wwre.org

 

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