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Owens Corning Adds Reverse Auction Platform for Procurement

12 January 2001

BayBuilder, a leading Internet procurement price negotiation tool provider, announced that Owens Corning, a world leader in building materials and composites systems, has added the BayBuilder Reverse Auction for Procurement(TM) Platform to create global economies of scale and supply chain efficiencies with its suppliers and trading partners via the Internet. Owens Corning will use the BayBuilder Reverse Auction for Procurement solution to manage a substantial portion of its worldwide purchases from thousands of suppliers. BayBuilder's service will enable Owens Corning to expand the use of reverse auction technology to the desktop platform resulting in time and cost savings -with a fast return on investment. With sales of $5 billion and over 20,000 employees worldwide, Owens Corning is the leading provider of products, systems and services that create solutions for the building materials and composite markets. This agreement with BayBuilder furthers Owens Corning's position as an E-Commerce innovator in the building materials industry and demonstrates BayBuilder's continued customer growth with Fortune 500 companies. "Owens Corning is an early adopter of on-line procurment. We have had much success in on-line bidding in 1999 and 2000, and are very exited to expand our e-commerce tool portfolio to include BayBuilder in 2001. As our chosen desktop solution, BayBuilder reverse auction technology will be available to OC buyers to convert routine requests for quote into a functional online bidding events very quickly and easily," said Chuck Dana - Vice President, Owens Corning Global Supply Chain Solutions. "BayBuilder's flexible and scalable solution has proven its effectiveness even on small spends, with total event turnaround cut to days rather than weeks. Its friendliness to buyers and sellers has made it a popular, approachable way to conduct business. Our BayBuilder-driven procurement technology will allow Owens Corning and our network of suppliers to positively impact transactional costs and fulfill our mutual objectives." BayBuilder President and CEO Abu Rahman said, "The addition of BayBuilder to Owens Corning's e-commerce portfolio will allow OC to quickly expand the influence of reverse auction technology to the local level. Owens Corning's purchasing professionals will increase the benefits of integrated reverse auctions byexpanding the reach and effectiveness of the organization's next-generation purchasing initiatives."





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