Product category:
Design Services
News Release from: Qimtek | Subject: findFAST procurement service
Edited by the Electronicstalk Editorial
Team on 20 December 2000
E-procurement service for bespoke parts
The latest version of a world-leading internet-based procurement (exchange) service, has been demonstrated by its creator, First Index.
The latest version of a world-leading internet-based procurement (exchange) service, the only one to address the international sourcing and supply of bespoke or customised components, has been unveiled by its creator and marketer, the British enterprise First Index Visitors to the company's stand had the opportunity to sign up for FREE to the service immediately
This article was originally published on Electronicstalk on 21 Jun 2001 at 8.00am (UK)
Related stories
Website focuses on nonstandard components
A new website launched on the 1st June 2001 by procurement specialist First Index will serve as a single, easily entered electronic gateway to the full range of the company's services.
Development platform has educational aims
The EmbestUniversity is a teaching platform focused on embedded system development.
Since its launch in July this year, nearly 1000 buyers and suppliers have started using First Index's new findFAST online procurement service.
New users are now registering at the rate of 400 a month.
First Index's findFAST online service complements the company's existing printed and CD-ROM databases used regularly by over 10,000 buyers and specifiers in the UK.
Further reading
IC packaging partnership proves a success
IC packaging leader Advanced Semiconductor Engineering has announced its commitment to Ansoft's HFSS, Q3D Extractor and AnsoftLinks simulation products for IC packaging design and model extraction.
Lightweight formal verification platform
IBM is offering RuleBase Single-Thread Edition (SE), a lightweight version of its RuleBase formal verification platform as an entry-level product for those looking for a small scale solution.
By posting their RFQs (requests for quotations) and RFIs (requests for information) on the findFAST online web site, they can reach more than 1000 potential suppliers in a fraction of the time and effort it would have taken using other methods.
The service matches RFQs to registered suppliers that have the right resources, and enables them in turn to download any associated drawings and specifications from the potential customer to produce quotations.
Buyers can review details of participating suppliers by making use of information provided in a standard, easy-to-compare format devised by First Index.
Queries can also be sent via the service from buyer to supplier and vice versa, before decisions are finalised, resulting in a highly interactive and informative relationship.
`Take up of internet sourcing and procurement has been even faster than we expected,` said Hans Wigart, managing director of First Index, whose UK headquarters is located in Basingstoke, Hampshire.
`Our eight-year track record gained prior to the on-line initiative gives users the confidence to try the proven value of this latest e-business service for the global manufacturing industry.
They soon find it provides significant time and price benefits without making their operations more costly or complex.` Because findFAST online is web-based, only an internet connection and standard browser are needed to access its range of facilities.
Once users are registered, they can enter or retrieve RFQs without installing any extra software.
The application is built using Microsoft and industry standard software, making it easier to interface with in-house manufacturing and procurement systems if required, such as enterprise resource planning (ERP) systems.
This facility enables sourcing and procurement activities to be smoothly integrated within an organisation's supply chain processes.
First Index claim the service is proving popular on both sides of the Atlantic, with initial uptake slightly faster in the USA, where the company has also operated successfully for several years.
• Qimtek: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
