MfgQuote White Paper Discusses Best Practices for Sourcing and Supplier Discovery

By DE Editors

MfgQuote.com(Atlanta, GA), the online marketplace for buying and selling custommanufacturing services, has announced the availability of a new whitepaper for purchasing professionals, engineers, inventors, andentrepreneurs entitled, "Boosting Sourcing Effectiveness andEfficiency: The Online Marketplace Opportunity." Based on both industryanalyst insights and a survey of buyers, the paper shows that using anonline marketplace can significantly improve sourcing processes andpurchasing decisions.

The white paper was commissioned by MfgQuote, and researched andwritten by Industry Directions, Inc., a Boston-area industry analystand consulting group specializing in manufacturing and supply chainapplications. Industry Directions analysts conducted a market survey of248 active purchasers using MfgQuote.com to source made-to-ordercomponents. The survey responses revealed the most-valuedcharacteristics of the web-based sourcing service. The paper is nowavailable at http://www.industrydirections.com.

"Our survey data revealed MfgQuote has several strong assets…an onlinemarketplace of over 1,200 qualified suppliers, intelligent matchingcapabilities, and easy-to-use and learn web-based software to managethe Request for Quote process," said Julie Fraser, principal andindustry analyst at Industry Directions. "The fact that the service isfree to buyers is one of its most attractive features….

Unlike other white papers focused on sourcing of commodity parts,materials, and auction-based transactions, this white paper focusesexclusively on the vertical market space of purchasing made-to-orderparts and engineering services. Sourcing for manufacturing services isa complex and highly collaborative process. Traditional sourcingmethods are slow, laborious, and insufficient for today's competitivebusiness climate, according to MfgQuote. For more information, visittheir website.