10,000 Buyers and Engineering Professionals Now Registered With MFG.com Network

In the year 2002, the number of registered buyers and engineers increased by 300%. The average RFQ (Request for Quote) value rose from approximately $7,000 to over $23,000, and the volume of RFQs posted on the MFG.com Network increased by 400%. Supplier membership has grown substantially as well. This supplier base continues to cover a broad range of service areas such as machining, molding, casting, stamping, tool making, fabricating, metal spinning and a host of other manufacturing processes.

"In the year 2002, MFG.com gained significant momentum and market adoption within the industrial community. With the economy still in flux, out-of-the-box thinking is what savvy manufacturers turn to, " states Mitch Free, president and CEO of MFG.com, Inc. "Using our online network, buyers and engineers are looking beyond their local sources and finding they can lower part costs as the result of their requirements being matched to the most optimal suppliers. Buyers and engineers have become even more comfortable with online sourcing, and that has precipitated the sharp increase in RFQ values. MFG.com has assumed a critical role in, not only the product development lifecycle of thousands of companies, but also in the overall supply chain of those companies. A great achievement for the team and partners of MFG.com, Inc."

The MFG.com Network offers progressive technologies that meet the advancing needs of buyers and engineers. MFG.com enables buyers to discover new suppliers while still sourcing within their own private network. The system embraces a company's internal sourcing intelligence, and allows buyers and engineers to forge new, strategic supply chain relationships that transcend traditional geographical and logistical barriers.

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