ICG Commerce Named to Supply & Demand Chain Executive's 100 List of Supply and Demand Chain Enabling Organizations for the Second Consecutive Year
Honor Recognizes Leading Procurement Service Provider For Its Leadership and Sustained Growth
PHILADELPHIA - Wednesday, June 23, 2004 - ICG Commerce, a leading procurement services provider, today
announced that it has been selected as one of Supply & Demand Chain Executive (formerly iSource) magazine's "Supply &
Demand Chain Executive 100" in its annual listing of supply chain solution providers, consultants and other organizations
leading the way in providing solutions and services for enabling supply chain transformation.
The list was developed by Supply & Demand Chain Executive magazine's advisory board and editorial staff, who
technically evaluated applicants based on their long-term stability, industry knowledge and expertise, innovative
solutions and services and ability to demonstrate a significant return-on-investment. Through their demonstration of
leadership and sustained growth, the Supply & Demand Chain Executive 100 have asserted themselves as the principal
players in the industry.
"We at Supply & Demand Chain Executive believe that 2004 marks, in many ways, a turning point," said Editor
Andrew K. Reese. "Whether in formal interviews or casual conversations with executives working to enable their
companies' supply chains, we have detected a shift in their attitudes from the survival mode most frequently
encountered in 2002, and from the holding pattern most frequently seen in 2003, to active interest in again tackling, in a
practical and systematic way, the concrete issues in organizations' supply and demand chains."
Acknowledging the changes in the industry since the original list was developed, Supply & Demand Chain Executive
has tailored the submission criteria to identify the supply and demand chain survivors that have defeated market forces
and continue to build up their customer base, build out their offerings and solidify their reputations for offering
effective solutions. As a result, the 2004 Supply & Demand Chain Executive 100 serves as an indicator for evaluating
enabling organizations and consulting firms with the most viable end-to-end supply and demand chain solutions and
services from among the many hundreds of providers in the market today.
As a leading procurement services provider, ICG Commerce continues to build a customer base of leading companies,
such as Nordstrom, Crown Cork & Seal, Timken, Avaya and QualxServ, that share the objective of generating
significant savings on purchased goods and services. By developing a comprehensive procurement infrastructure,
consisting of deep sourcing and category expertise supported by powerful e-Sourcing tools, a purchase-to-pay platform
as well as dedicated customer service teams that address the entire purchasing cycle, ICG Commerce has earned a
strong reputation for helping its customers identify, achieve and sustain total cost savings and efficiencies.
"We are pleased to receive this recognition for the second consecutive year and believe it's a reflection of our
commitment to providing a comprehensive range of purchasing expertise, resources and technology to help companies
drive efficiencies and reduce costs," said Edward H. West, CEO of ICG Commerce. "Our continued growth has been
sustained by our ability to address specific pain-points in our customer's procurement processes and deliver measurable
results."
For the complete listing of the Supply & Demand Chain Executive 100 and accompanying editorial, please see the
June/July 2004 issue of Supply & Demand Chain Executive or the magazine's Web site at www.SDCExec.com.
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About ICG Commerce, Inc.
ICG Commerce is a leading Procurement Services Provider exclusively focused on helping companies buy more
effectively and efficiently in order to reduce costs significantly and continuously. The company offers an unmatched
combination of process and category expertise and hosted technology to deliver Sourcing, Purchase-to-Pay Automation
and Outsourcing Services. ICG Commerce Inc., a privately held company founded in 1992, is a member of Internet
Capital Group's (Nasdaq: ICGE) network of partner companies and has been honored as one of Forbes' 'Best of the
Web: B2B', UPSIDE Magazine's 'Hot 100' and as an iSource 100 company.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is a bi-monthly business magazine aimed at uniting the intelligence, news and tools
necessary to steer the supply and demand chain management professional and business executive through the
complicated, yet critical, world of supply and demand chain management. With hard-hitting analysis, viewpoints and
unbiased case studies, Supply & Demand Chain Executive will uncover each aspect of the new supply and demand
chain to keep readers on the leading edge, the frontline and the profit zone.
Contacts:
Genevieve Brill
ICG Commerce
215-649-1494
Brittany Morris
Ruder-Finn
312-329-3983
morrisb@ruderfinn.com
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