ICG Commerce - Procurement Service Provider
Search
 
  Home Solutions Customers & Results Resource Center News About Us Careers Contact Us  
  News  

  > Press Releases  
       
  > In the News  
       
  > Expert Opinion  
ICG Commerce - Leading Procurement Services Provider
 

ICG Commerce Recognized for Excellence in Procurement Outsourcing

Definitive Magazine for Outsourcing Honors ICG Commerce As One of Ten Leading Procurement Providers

PHILADELPHIA - Monday, November 20, 2006 - ICG Commerce, a leading procurement services 
provider, today announced that FAO Today, the most comprehensive magazine covering outsourcing,
listed the company among the "Top 10 Procurement Providers" in its most recent issue.

The list of industry leaders, compiled by FAO Today and Everest Research Institute, recognized 
ICG Commerce specifically for its commitment to helping companies improve procurement 
performance and proven experience providing Procurement Outsourcing services.  
Procurement outsourcing, rapidly gaining recognition as one of the best options for companies to 
cut costs to directly impact their bottom line, offers five timesthe financial impact of F&A outsourcing, 
according to Everest Research Institute. This strong value proposition is driving more companies 
to evaluate procurement outsourcing as a strategy to maximize the value and impact of their 
procurement efforts and has subsequently fueled double-digit gains in the indirect procurement 
outsourcing market.   

ICG Commerce has 14 comprehensive outsourcing relationships with global companies including 
Goodyear, Nordstrom, Avaya and Timken. These relationships, spanning an average of 3+ years, 
attest to ICG Commerce's dedication to assisting customers to increase control and maximize the 
value of the spend they manage on a global basis. ICG Commerce's services, supported by 
experienced and dedicated category and process specialists, provide unmatched market insight, 
tools and information and the highest standards of process and operational excellence to deliver 
meaningful and measurable results.
 
"We're excited to see greater awareness of procurement outsourcing's value and the impact it 
has on the bottom line, and we're honored to be recognized as one of the top providers in the 
procurement outsourcing space," said Carl Guarino, CEO of ICG Commerce.  "An important step 
in growing this market is expanding knowledge of our company's and industry's proven track 
record in helping companies achieve greater control and improved savings."

ICG Commerce offers an array of procurement services such as strategic sourcing, including 
supplier and contract implementation, operations management delivered through a customer-
dedicated "buying center," category management focusing on delivering continuous cost 
reductions through supplier management and process improvement, and information 
management and reporting delivered through advanced automation and dedicated personnel that 
help derive insight and information from spend.

About ICG Commerce

ICG Commerce (www.icgcommerce.com) is a leading Procurement Services Provider exclusively 
focused on helping companies achieve greater control over external expenditures. The company 
offers procurement outsourcing solutions to support sourcing and, transactional buying,
category management and information management in order to enable customers to expand the 
breadth of spend they manage, enhance sourcing effectiveness, improve compliance levels and 
drive continual improvements.  By working with dozens of leading procurement organizations, ICG 
Commerce brings execution-based and continuously growing compound experience to every 
customer. ICG Commerce Inc., a privately held company founded in 1992, is a member of 
Internet Capital Group's (Nasdaq: ICGE) network of partner companies. The company has been 
recognized with numerous industry awards including IAOP and Fortune Magazine’s Global 
Outsourcing 100, Forbes “Best of” (for Outsourcing and Procurement) and has had multiple 
executives recognized in Supply & Demand Chain Executive magazine's annual "Pros to Know" 
listing.


###



  back to top ^

  Comments/Suggestions Privacy Policy Report a Technical Issue Copyright © ICG Commerce. All Rights Reserved.