FreeMarkets, the B2B e-marketplace, has entered into a global alliance with Deloitte Consulting and Deloitte & Touche to provide sourcing solutions to Global 1000 and mid-sized customers. The firms will provide companies around the world with the technology and services needed to reduce costs and enhance the efficiency of procurement.
“We are very pleased to be working with the world’s largest B2B e-marketplace,“ said Kurt Ritcey, principal of Deloitte. “By combining FreeMarkets’ ability to create online markets for goods and services with Deloitte & Touche’s capabilities in supply chain optimization and strategic sourcing, we believe we can deliver significant bottom-line savings sooner to our clients.”
The companies will collaborate on training and marketing to drive adoption and implementation of the solutions.
Thom McLeod of FreeMarkets said, “Deloitte & Touche has an impressive breadth of offerings and capabilities in e-business and strategic sourcing, as well as a very strong presence in large and mid-market enterprises alike.”
Deloitte & Touche works collaboratively with clients to implement sourcing processes and technology that quicken the journey from opportunity to sustainable business benefits. Deloitte & Touche LLP and Deloitte Consulting are part of Deloitte Touche Tohmatsu, one of the world’s leading professional services firms, with more than 90,000 people in over 130 countries.
FreeMarkets is the largest B2B e-marketplace in the world, with 5,000 online auctions for more than $7.6 billion worth of goods and services to date. More than 5,600 suppliers from over 50 countries have participated in the FreeMarkets B2B e-marketplace. The company also operates FreeMarkets Asset Exchange, the e-marketplace for surplus assets and inventory.