MFG.com Customer Arrow Engine Co.
Named 'Supply Chain Innovator' for 2005
Supply Chain Systems Magazine Cites Company's $200,000 ROI and Newly Discovered Supplier Network
ATLANTA, Oct. 11, 2005 - MFG.com, the world's largest marketplace for sourcing and selling manufacturing goods and services, today announced that a leading manufacturing and logistics management publication has named MFG.com customer Arrow Engine Co. of Tulsa, Okla., a "Supply Chain Innovator" for its lucrative use of the MFG.com manufacturing marketplace.
"Arrow Engine Co. has saved $200,000 in just five months this year by sourcing parts on MFG.com, the online marketplace for sourcing custom-manufactured parts," said David Andrews, editorial director of Supply Chain Systems magazine. "This return on investment reflects price savings on engine parts alone and does not include additional savings in travel, postage, phone bills, and research time recouped by avoiding the traditional, labor-intensive sourcing process. But in addition to the time and money savings, Arrow Engine has assembled a stable of new, previously unreachable suppliers using MFG.com."
More than 43,000 buyers across the industrial spectrum (aerospace, transportation, consumer products, electronics and more) use MFG.com to source, collaborate, and receive quotes online for over 200 manufacturing processes such as CNC machining, metal stamping, forging, plastic molding, metal fabrication and metal casting.
"Arrow Engine Co. is typical of the companies that use the MFG.com marketplace to automatically discover new suppliers, securely execute RFQs, and respond more quickly and affordably to the fluctuating demands of their customers," said Mitch Free, president and CEO of MFG.com. "We're finding in many cases that our free on-demand sourcing service extends, complements or even supplants traditional expensive supply chain management software systems."
For the Supply Chain Innovators 2005 awards, Supply Chain Systems magazine's editors looked for companies that successfully implemented supply chain management software and hardware, as well as changes in company processes. Each nomination was required to include a list of user contacts, and benefits achieved, some of which were provided on a confidential basis. Case studies published in the magazine from late 2004 through August 2005 were also reviewed.
About MFG.com
MFG.com is the largest global online marketplace for the manufacturing industry. MFG.com instantly and intelligently matches sourcing professionals and engineers with suppliers who have the right expertise and capacity to manufacture parts and tooling on demand in accordance with their engineering drawings and CAD files. MFG.com's on-demand service is consolidating the once- fragmented world of manufacturing into an efficient marketplace, enabling products to be sourced and built more easily, quickly, inexpensively, and at higher quality levels. For more information, please visit http://www.MFG.com.
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