Pantellos News Update


JANUARY 14, 2004 \| The Pantellos Principle brings you news and infomation from the Pantellos Marketplace.

Pantellos Selects Frictionless to Deliver Enterprise Sourcing Solutions... Read on...

Collaborative Sourcing Initiatives Timed to the Market

Market intelligence helps Pantellos customers take advantage of favorable conditions. Pantellos recently launched collaborative sourcing initiatives to help utility customers save on two strategic commodities—tires and gas meters.... Read on...

Bidder Weighting Enhances Auction Results

Electronic auctions have become commonly used tools in utility sourcing and procurement. The auction process... Read on...

• Pantellos was named among Forbes magazine’s "Best of the Web"...Read on...

• Pantellos is pleased to be a sponsor for the second annual Strategic Supply Chain Management for Utilities conference, scheduled for January 21-23, 2004...Read on...

• Sky Radio/Forbes Radio Network interviewed Jim Neikirk for the Texas Business Review...Read on...

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Cinergy Automates Procure-to-Pay Process Using Pantellos Marketplace
Utility reports returns of 5 to 1 on e-procurement and other technology investments

Cinergy Corp. is a strong believer in the value of e-procurement, and a look at the company’s achievements tells you why—lower transaction costs, shorter procurement cycles and better order accuracy. Purchase order costs, for example, have been reduced from ...Read on...

Auctions Produce Big Savings for PSEG

Public Service Enterprise Group (PSEG) is achieving substantial cost savings by using online auctions as a regular part of its sourcing process across the enterprise. The company recently reported...Read on...

Industry News: Companies Report Savings as Internet-Based Procurement Grows

Online purchasing continues to grow, especially among larger companies, according to the latest Report on Technology in Supply Management by the Institute for Supply Management (ISM) and Forrester Research, Inc. This report, formerly called the “Report on eBusiness,” tracks... Read on...

Pantellos Names Director of Supplier Diversity

Pantellos is pleased to announce that a nationally respected leader in the field of supplier diversity has been named to its leadership team. With more than 30 years of energy industry experience, Don Tooker... Read on...


	*The Role of Auctions in a Strategic Sourcing Process* Online auctions are quickly becoming a standard sourcing tool. According to industry analysts, total auction spending has been growing annually at a rate of more than 50 percent since 2001. Increasingly, utilities are using auctions as part of a broader e-sourcing solution that automates and streamlines all aspects of the sourcing process, from bidding to demand aggregation to contract management. The new Pantellos e-sourcing solutions powered by Frictionless Commerce... Read on... *Winning Tactics for Auctions* Read on to learn more about effective strategies for buyers and suppliers who participate in online auctions...


	*Pantellos Appoints New Board Member* Pantellos announced the appointment of Randy I. Walker to its Board of Directors, filling the seat vacated by the late Gene Richter. Walker is Corporate Vice President at Science Applications International Corporation (SAIC), the nation’s largest employee-owned research and engineering company. In this role, he is responsible for... Read on...