K2 Sourcing - News & Events - www.k2sourcing.com48

January 18, 2012	More Upgrades K2 Sourcing released another upgrade. The upgrade provides more user control of profiles and improves the view only capabilities of the eSourcing and reverse auction applications. Additionally changes were made to the indexing to provide even greater speed. These changes reflect our comittment to aggresive R&D based on customer feedback.
December 18, 2011	K2 Sourcing President Aids in Fund Raising Efforts Matt Miller, President of K2 Sourcing chairs ISM-Milwaukee Golf Committee and Supplier Showcase. “Last year was a year in training for me. It was the first time I had participated in such fund raising events. Through our efforts last year we raised a significant amount of money for the ISM Milwaukee Scholarship and educational programs as well as for MS. Last year Governor Scott Walker spoke at the showcase and it was a large draw. Though it might be tough to beat last year our mission is to raise money for Supply Chain scholarships and continuing education.” Source: K2 Sourcing
December 8, 2011	K2 Sourcing Meets Entertainment K2 Sourcing recently added clients associated with the gaming industry and seperately with assisted living. The markets are differnt but understanding the unique requirements of both property managment and how to serve people is not. Applying eSourcing is quite logical to these complex spend and service requirements. Source: K2 Sourcing
December 2, 2011	Retail Presence Continues to Grow By K2 Sourcing K2 Sourcing signs to more notable retailers to it's eSourcing platform including Menard Inc. K2 Sourcing has a good presence with retailers and conintues to provide high service tailored solutions to meet the unique requirements. Source: K2 Sourcing
November 16, 2011	Upgrades to RFx go Live By K2 Sourcing K2 Sourcing published upgrades to it's Rfx module. The upgrades are designed for both users and respondents to work faster with the platform, and to provide additional communication improvements. Source: K2 Sourcing
November 2, 2011	New R&D Process By K2 Sourcing K2 Sourcing has revamped it's new and change product process. Utilizing ISO principles K2 Sourcing mapped the process, and identified critical gateways. It all starts with our clients aand designing the application correctly. The design also must meet with our mission to provide the best service in eSourcing. That means bug free applications with a desgin that is extrmely easy to use. Our goal is to take complex products and create beuatiful designs that are so intuitive users need little to no training. Now procurement processes and contracts can be extremely complex, so it is a tremendous challenge. Our new process, which includes automated subversioning supported by special test systems allows us to utilize Lean Principles and EXECUTE more effectively than competitors. Our goal is to create upgrades each month in 2012. Source: K2 Sourcing
October 11, 2011	eSourcing and the Truth About Reverse Auctions Live Presentation By K2 Sourcing Matt Miller, President of K2 Sourcing, provided a presentation to the members of the North East Wisconsom ISM group. The group was well attended, and asked a ton of great questions. "The goal is to help educate people of the opportunties to streamline processes utilizing eSourcing and eProcurement and how that differs from the utilization of reverse auction systems," state Miller. If your organization is interested in such a presentation, please contact matt.miller@k2sourcing.com. Source: K2 Sourcing
October 10, 2011	ISM-Milwaukee Supplier Showcase Draws Large Crowd By K2 Sourcing The ISM-Milwaukee supplier showcase drew a large crowd Monday night. Over 250 people from the ISM, ASQ, and APICS attended the event. OVer 20 suppliers particpated in sponsorships and showcasing there products and services. Governor Scott Walker arrived, provide an update on Wisconsin's business climate, and departed to a standing ovation from the crowd. ISM Board Member Matt Miller helped organize the event and provided closing remarks. Source: K2 Sourcing
August 24, 2011	K2 Sourcing Adds to R&D Team By K2 Sourcing K2 Sourcing recently welcomed new SQL and PHP 15 year guru to the team. With this additional resource, we will dramatically accelerate adding new functionality as well as continueing to improve existing functionality. Source: K2 Sourcing
August 17, 2011	Golf Outing Raises Large Dollars for ISM and MS We are happy to say the ISM-Milwaukee chairty golf outing and MS raffle brought in nearly $20,000. K2 Sourcing President, Matt Miller, with the experienced team of ISM professionals grew the event signifcantly over last year. "Next year I expect to volunteer to again, and to continue our sponsorship." Source: K2 Sourcing
June 22, 2011	City Saves on Chemicals The City of Oceanside recently participated in it’s first “Reverse Auction” as it sought to reduce the cost of its Water and Waste Water Treatment Chemicals. Oceanside selected K2 Sourcing as the reverse auction host. We were very happy with the entire reverse auction, and especially the incredible support through the process to a successful conclusion. Oceanside will use the services of K2 Sourcing to hold another chemical reverse auction next fiscal year and plan to include other supplies as well. Source: K2 Sourcing
May 4, 2011	K2 Sourcing Releases Major Upgrade By K2 Sourcing 2011 marks a year of major upgrade for 2011. By adding resources, we are signficantly increasing the functionality and introducing innovative new concepts to our eSourcing platform. All innovations continue with extending flexibility while balancing ease of use creating a more powerful solution. Source: K2 Sourcing
April 25, 2011	IT Research Leader Gartner Selects K2 Sourcing as "Cool Vendor" By K2 Sourcing MILWAUKEE, Wis., April 18. K2 Sourcing, the service leader in eSourcing and Reverse Auction solutions, was selected as one of three, “Cool Vendors” by Gartner in the annual report, “Cool Vendors in Procurement and Sourcing Technology, 2011” (ID G00211077 by Deborah R. Wilson). Gartner, Inc. is the world’s leading information technology research and advisory company with 4,400 associates, including 1,200 research analysts and consultants, and clients in 85 countries. K2 Sourcing was chosen by researchers as “Cool” due to positive feedback from clients, and for providing innovative solutions. Both government and private sector organizations are aggressively looking for creative ways to control costs and work more effectively and efficiently. K2 Sourcing provides web-based eSourcing and reverse auction applications designed to do just that - help organizations procure goods and services more efficiently while at the same time achieving a lower total purchase cost for those goods and services. K2 Sourcing additionally offers support services to help organizations maximize the results of utilizing the technology. Matt Miller, President of K2 Sourcing States, “When research clearly demonstrates the use of such technology saves millions of dollars for both private and public sector entities, one can clearly see the continuing increase in the adoption of eProcurement and eSourcing technology.” As an example, the US Post Office released that they saved over $100 Million Dollars after adopting the technology. Miller further explains, “There are many vendors in the Procurement and Sourcing Technology market. To be recognized by Gartner as a result of client feedback and innovative solutions is a tremendous honor and provides affirmation for our mission to provide the best service in eSourcing.” Source: K2 Sourcing
April 14, 2011	ISM Appoints Matt Miller to Board of Directors By K2 Sourcing President of K2 Sourcing, Matt Miller, will now join the Board of Directors for the ISM-Milwaukee. Among activities of helping to promote the mission of the ISM and aiding in setting direction locally, Miller will be running the Charity Golf Outing and Vendor Showcase. Source: ISM-Milwaukee
March 18, 2011	City of Milwaukee Allows Reverse Auctions March 18th, 2011 the Milwaukee Finance Comittee unanamously approved an ordinance, allowing for the utilization of reverse auction technology. K2 Sourcing was proud to be a part of the eduction process, and looks forward to continuing to help the City move forward.
March 9, 2011	ISM-Milwaukee Presents Award to K2 Sourcing President By K2 Sourcing Last night Matt Miller, President of K2 Sourcing, was presented with an award from the ISM-Milwaukee. The award was presented by Robert Barwick, ISM-Milwaukee President, in recognition of contributions made to helping the ISM-Milwaukee achieve it's mission. Source: K2 Sourcing
February 16, 2011	WAPP and VALUE Groups Review Reverse Auctions By K2 Sourcing In an upcoming meeting of the Wisconsin Association of Public Purchasers and the VALUE Group, a regional consortium of public purchasing officials, K2 Sourcing will host a discussion regarding procurement support technology and its role in driving internal efficiency and lower total purchase costs. Source: K2 Sourcing
February 16, 2011	IT Expenditures Yield Savings By K2 Sourcing In a new case study, K2 Sourcing demonstrates how savings can be achieved utilizing reverse auction technology on IT expenditures. You can request the new case study on our homepage, http://www.k2sourcing.com. The case study is supported by the news that Dell’s stock rose due in part to lower component costs. As is typical with technology, we hold these costs will quickly be passed on to buyers as companies seek to gain market share. Source: K2 Sourcing
January 10, 2011	Study hails use of online reverse auctions The expanded use of online reverse auctions is creating significant cost savings for taxpayers and major efficiency improvements for federal contracting officials, according to a survey released in late December 2010. Click on the link below to read more or visit http://www.k2sourcing.com/page.php?id=25 to see how K2 Sourcing is enabling Government Procurement. http://gtpac.org/2011/01/study-hails-use-of-online-reverse-a... Source: Georgia Tech Procurement Center
July 14, 2010	K2 Sourcing Achieves a Perfect Renewal Rate By K2 Sourcing In 2010, every client using the subscription based eSourcing and reverse auction platform renewed their contracts. While we will work harder than ever to continuously improve our eSourcing and reverse auction platform and methodology, we are happy that our commitment to providing the Best Service in eSourcing has led to such results. Source: K2 Sourcing


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