7/12/04: AAFES Extends Reverse-Auction Contract, Two Years After Saving Millions
Sorcity continues helping clients save millions
DALLAS, TX - July 12, 2004... Sorcity.com, Inc. announces their 2-year contract
extension from the Army Air Force Exchange Service (AAFES) to continue providing
Reverse-Auction services and support.
"This extension is a result of our success in leveraging Reverse-Auctions
which have already saved AAFES millions of dollars. We are very pleased
with the performance and professional services of Sorcity.com," said Hayward
Moore, C.P.M., Chief, Procurement Branch.
AAFES has demonstrated that Reverse-Auctions can be applied not only to
expense or MRO items, but also to resale items in their exchanges on both
generic and private label products. This leadership on the retail side
provides US armed forces with a better value on the goods they buy.
Internet Reverse-Auctions have proven successful for years in lowering the
price organizations pay on almost any good or service. The Sorcity.com
model makes it easier since there is no software, training, or consultants in
the mix, just a simple web-accessible service backed by a highly effective
sourcing organization that delivers a 12-18% average savings and over 60% in
"New methods don't come without controversy, and Reverse-Auctions
had their share when they were introduced years ago," said Wes Guillemaud, CEO
of Sorcity.com, Inc. "But after 6 years of success," Guillemaud
continued, "It is crystal clear that if used correctly, Reverse-Auctions will
save just about any purchasing organization a substantial amount of money, and
it's an easy way for purchasing professionals and CFOs to shine."
Sorcity.com has hundreds of clients with some impressive testimonials listed
on its web site. These clients represent a variety of industries from aerospace
to consumer goods including government and school districts. Sorcity.com
has helped these clients save millions of dollars on everything from complex
engineered tooling to office supplies and packaging. For any company or
government agency not wanting to make an investment, it is perfect.
Recognized in the NAPM Technology Guide and Purchasing magazine as a leading
Reverse-Auction service provider, Sorcity.com has a history of delivering
savings to the business and government markets. Sorcity.com's mission is
to help organizations in all industries reduce their time spent on sourcing
while saving them money, and to provide sellers a lower cost channel of
business. Suppliers may visit www.sorcity.com/AAFES
for information on how to do business with AAFES.