Software gives purchasing a competitive advantage

By Staff -- Industrial Distribution, 8/1/2000

Plano, texas-MindFlow Technologies, Inc. released ProcureMind 1.5 to provide purchasing managers a detailed analysis of multiple key variables.

The software supplies e-business applications for strategic sourcing relationship management. Results include a reduction in negotiation cycle time, decision making time and total acquisition costs, as well as a substantial improvement in quality, the firm says.

"As our beta customers have proven, using ProcureMind dramatically increases spend productivity resulting in savings of five to 10 percent per spend item," says CEO Jay Reddy.