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JENKINTOWN, Pa., June 29 /PRNewswire/ -- ICG Commerce announced
today that it will provide end-to-end online procurement services to
Imperial Sugar Company (Amex: IHK - news), the largest domestic
sugar refiner and processor in the United States. Imperial Sugar
will engage ICG Commerce to provide comprehensive,
business-to-business e-procurement services that combine advanced
Internet technology, procurement expertise, supply base and
transaction management, and dedicated customer care. ICG Commerce
will ultimately manage over $330 million in external spend generated
from all corporate purchases with the exception of most raw
materials.
Procurement costs for most companies can account for over 60
percent of total expenditures, and adopting an e-procurement
solution can strongly impact a company's bottom line. ICG Commerce
enables companies to save money by gaining transactional
efficiencies through its end-to-end procurement services.
Furthermore, ICG Commerce negotiates prices with suppliers based on
the demand of its entire customer base, thereby lowering unit costs.
``By enabling our customers to purchase the goods and services
they need quickly and for less money, our services significantly
impact their bottom line,'' said Rick Berry, president and CEO of
ICG Commerce. ``We look forward to generating excellent results for
Imperial Sugar.'' The company joins Sunoco, Unisys and Meridian
Health Systems as recently signed ICG Commerce customers.
Imperial Sugar Company operates four sugar cane refineries, 11
beet sugar factories, six foodservice production facilities, and
various packaging, ingredient, warehouse, distribution and terminal
facilities in the U.S. ICG Commerce will enable Imperial to
consolidate its procurement processes across business units and
realize unit cost reductions from aggregated pricing through ICG
Commerce's global supplier network. In addition, ICG Commerce will
provide to the sugar giant strategic sourcing, online payment
processing, and supply base management services.
``We are constantly looking for ways to maximize productivity and
to keep costs low,'' said Dennis Jackson, director of procurement at
Imperial Sugar. ``ICG Commerce will help us secure the best prices
and the best service from the top suppliers in the world. We are
excited about the tremendous process improvements and unit cost
reductions resulting from these services.''
About Imperial Sugar
Imperial Sugar Company is the largest processor and marketer of
refined sugar in the United States and a major distributor to the
food service market. Imperial produces several of the best known
brands in the industry including Imperial®, Dixie Crystals®,
Pioneer®, Holly®, Spreckels®, plus Wholesome(TM) Sweeteners, and
Diamond Crystal®. Additional information about Imperial Sugar may
be found on its Web site at www.imperialsugar.com.
About ICG Commerce
ICG Commerce is the world's first comprehensive online
procurement services provider for businesses, unmatched in supply
chain management, purchasing and strategic sourcing for any
industry. The company delivers to customers complete, tailored
services built around a flexible, internet-based platform that
requires minimal start-up cost and time and no software purchase or
installation. ICG Commerce can effect the entire spectrum of
purchasing strategies, including aggregated buys, portals and
exchanges, hosted auctions, eRFQs/eRFPs, spot buys and catalog
purchases.
As such, the company is uniquely positioned to help customers
streamline all of their procurement decisions and processes and to
achieve substantial savings and efficiencies. ICG Commerce is a
member of the Internet Capital Group (Nasdaq: ICGE - news) network
of partner companies, and is based in Jenkintown, Pa. For more
information, access the company's Web site at www.icgcommerce.com. |