15 Jan 2002
PolyOne brings benefits of eProcurement to its customer base through Omnexus eMarketplace
ATLANTA (Jan. 15, 2002) – PolyOne Corporation, the world's largest polymer services company, marked the debut of its online presence on the Omnexus global plastics eMarketplace by conducting its first transaction with long-standing customer, Ironwood Plastics, Inc., the companies announced today. The premiere of the PolyOne line brings to more than 20 the number of plastics manufacturers and distributors choosing Omnexus to facilitate their e-commerce offerings.
Omnexus processed the transaction between PolyOne and Ironwood in an entirely automated exchange using the eMarketplace’s recently enhanced ordering system. Using customer input to refine its eProcurement system, Omnexus launched the new system, capable of less than
30-second order processing, in December 2001.
“PolyOne's debut on Omnexus marks a key milestone toward providing our customers with additional flexibility and value,” said Michael Rademacher, group vice president, PolyOne Distribution. “Leveraging Omnexus' capabilities is one more way we can help our customers improve the efficiency of their order management processes.”
Specializing in high-quality custom injection molded products and design, Ironwood Plastics has enjoyed a long relationship as a customer of PolyOne. As with many companies repositioning themselves for growth in a changing business world, Ironwood has placed a strong focus on
e-commerce initiatives in its business plans, and saw immediate opportunities with PolyOne’s debut on Omnexus.
“The speed and global reach of Omnexus is enabling Ironwood to realize the benefits of online procurement much faster and easier than we had anticipated in our business forecasts,” said Kathy Jo Koval, Procurement, Ironwood Plastics. “We’re excited about the immediate and future opportunities Omnexus offers us, while at the same time enabling us to maintain our existing relationships with key suppliers like PolyOne.”
Companies like Ironwood Plastics benefit from significant time and cost savings as they communicate directly through Omnexus with PolyOne and other suppliers. This helps create a single, automated supply chain that minimizes wasteful ordering errors, and that conveniently functions outside of normal business hours.
“Omnexus is obviously pleased with the positive response from companies like Ironwood, who see the benefits of eProcurement for their businesses,” said David Jukes, senior vice president for Omnexus. “Our technology has continued to evolve, based on user feedback. Today, the amount of savings that can be realized through the use of Omnexus has become so significant that it now represents a competitive advantage to both processors and their suppliers.”
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About Omnexus
Omnexus is the global, neutral eMarketplace focused on delivering products and related services to the plastics industry. Founded and supported by the plastics industry, Omnexus currently consists of a growing list of more than 20 global suppliers, including ATOFINA, BASF AG, Bayer AG, Biesterfeld, Clariant, Demag Ergotech, Distrupol, Dow Chemical, DSM, DuPont, Engel, Entec, Muehlstein, Performance Polymers, PolyOne, Resinex & Ravago, Solvay, Ticona and Van Dorn Demag.
The Omnexus solution provides a single point of connectivity for plastics processors and suppliers and is an efficient, cost-effective method of eProcurement. Omnexus is currently operational in North America and Europe and will service Asia and the rest of the world by 2002. Global headquarters for the company are located in Zurich, Switzerland. North American headquarters are in Atlanta, Ga.
About PolyOne
PolyOne Corporation, with revenues of approximately $3 billion, is an international polymer services company with operations in thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, color and additive systems, elastomer compounding and thermoplastic resin distribution. Headquartered in Cleveland, Ohio, PolyOne has more than 8,000 employees at manufacturing sites in North America, Europe, Asia and Australia, and joint ventures in North America, South America, Europe, Asia and Australia. Information on the Company's products and services can be found at www.polyone.com
About Ironwood Plastics, Inc.
Ironwood Plastics, Inc. is a custom injection molder focusing on close-tolerance products primarily for the automotive, electrical connector and defense markets. Housing full mold design and build facilities, Ironwood specializes in insert, reel-to-reel, and traditional molding using both vertical and horizontal presses ranging from 45 to 250 tons.
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