MfgQuote Unveils White Paper

White Paper Defines Online Sourcing as a Missed Opportunity for Many Purchasers of Made-to-order Parts

MfgQuote.com, the leading online marketplace for buying and selling custom manufacturing services, has announced the availability of a new white paper for purchasing professionals, engineers, inventors, and entrepreneurs entitled "Boosting Sourcing Effectiveness and Efficiency: The Online Marketplace Opportunity." Based on both industry analyst insights and a survey of buyers, the paper shows that using an online marketplace can significantly improve sourcing processes and purchasing decisions.

The white paper was commissioned by MfgQuote, and researched and written by Industry Directions Inc, a Boston-area industry analyst and consulting group specializing in manufacturing and supply chain applications.

Industry Directions analysts conducted a market survey of 248 active purchasers using MfgQuote.com to source made-to-order components.

The survey responses revealed the most-valued characteristics of the web-based sourcing service.

The paper is now available at http://www.industrydirections.com.

"Our survey data revealed MfgQuote has several strong assets _ an online marketplace of over 1,200 qualified suppliers, intelligent matching capabilities, and easy-to-use and learn web-based software to manage the Request for Quote process," states Julie Fraser, principal and industry analyst at Industry Directions.

"The fact that the service is free to buyers is one of its most attractive features, and at the same time, it presents a challenge to MfgQuote".

" Because there is no charge for the service, companies do not go through a full-blown evaluation or justification process like they do when purchasing expensive enterprise solutions".

" As a result, we believe many companies have not seriously explored sourcing through online marketplaces and are missing a major opportunity," concludes Fraser.

Unlike other white papers focused on sourcing of commodity parts, materials, and auction-based transactions, this white paper focuses exclusively on the vertical marketspace of purchasing made-to-order parts and engineering services.

Sourcing for manufacturing services is a complex and highly collaborative process.

Traditional sourcing methods are slow, laborious, and insufficient for today's competitive business climate.

The white paper covers the purchaser's struggle with ever-changing product development timelines and the need to easily access a work-ready supply chain.

Those two issues point to the need for a sourcing vehicle that works at the speed of business.

Additionally, the paper also discusses how the online marketplace can provide a flexible, one-platform solution that strategically matches buyers with suppliers at the moment of need.

MfgQuote was the first and most successful company to leverage the Internet for automated supplier discovery and sourcing made-to-order components.

Buyers across the industrial spectrum (aerospace, automotive, consumer products, transportation, and more) utilize MfgQuote.com to locate and get online quotes from highly skilled contract manufacturers providing more than 200 manufacturing processes such as CNC machining, metal stamping, forging, plastic molding, metal fabrication, and metal casting.

MfgQuote.com is a no-commission, non-auction sourcing service.

Active buyer members range from very small companies to very large OEMs and the U.S.

government.

Supplier members pay a subscription fee to participate in the marketplace.

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