View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 24, 2002

USA: E-sourcing pact signed by FreeMarkets, Penn Traffic Company

The Penn Traffic Company, a food retailer in the eastern US, has signed a deal to launch an e-sourcing programme with FreeMarkets, a provider of sourcing software and service solutions. Under the terms of the agreement, which follows a successful pilot, New York-based Penn Traffic will use FreeMarkets® FullSource

The Penn Traffic Company, a food retailer in the eastern US, has signed a deal to launch an e-sourcing programme with FreeMarkets, a provider of sourcing software and service solutions.

Under the terms of the agreement, which follows a successful pilot, New York-based Penn Traffic will use FreeMarkets® FullSource(TM) as the platform for its e-soucing programme.

“We are using FreeMarkets to help us reduce our costs,” said Martin A. Fox, Penn Traffic’s executive VP and CFO. “FreeMarkets will handle a series of competitive bidding events for a number of products, some for resale to consumers and others to support our operations.”

Rob Austin, director and GM of the Consumer Goods and Services Sector at FreeMarkets, added: “We are very pleased that Penn Traffic has chosen FreeMarkets as the platform for its e-sourcing programme. We look forward to working with the company to create fast, measurable cost savings in the months ahead.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food