Monsanto posts savings via SourcePilipinas.com

Monsanto Phils. Inc. recently concluded auctions for its direct and indirect requirements through SourcePilipinas.com, resulting in savings of up to 41 percent from its last purchases.

Monsanto Phils. held auctions for computer consumables, office forms, envelopes and other supplies as well as computer equipment, agro-chemicals, wooden pallets and appliances.

Monsanto Phils. is part of the worldwide Monsanto Co., a leading global provider of agricultural products and integrated solutions that bring together chemicals, seeds and biotechnology traits to improve farm productivity and food quality.

Monsanto Phils. country director Juan Ferreira said purchases through SourcePilipinas.com have favored their company in more than just cost savings.

"Other than the savings, it helped us reduce administrative work canvassing for potential supplies," he said.

SourcePilipinas.com is a multi-industry B2B horizontal e-marketplace powered by Oracle’s latest exchange technologies. Its end-to-end involvement within the procurement cycle enables participants to benefit from simpler and more efficient procurement processes, wider contact base, quicker processing time, and updated catalogue information.

Ferreira added that with the efficiency the Philippines group has seen with Source-Pilipinas.com, other Monsanto companies in Asia would likely consider migrating their purchases to an e-marketplace solution as well.

Companies’ transition to e-procurement is easy and seamless through SourcePilipinas.com. "What we have created is a venue for buyers and suppliers – both local and foreign – to meet and transact with each other – in cyberspace," said Christine Yap-Tan, SourcePilipinas.com Inc.’s CEO. Thus, extending the services of SourcePilipinas.com to Monsanto’s entire Southeast Asian region can be easily achieved.

SourcePilipinas.com buyers can reduce the search time needed to find new supplies, gain the ability to request and receive multiple quotations and negotiate volume discounts, thus reducing transaction costs.

Registered buyers gain access to a growing roster of suppliers of products and services for indent items such as pine logs and chemicals, gasoline and oil derivatives, insurance and various maintenance services, computer equipment and general office supplies.

SourcePilipinas.com suppliers, meanwhile, are able to reduce marketing and customer retention costs, while also increasing client reach.