Dallas, TX and Philadelphia, PA - January 08, 2007 -- ICG Commerce, a leading procurement services provider, has signed a five-year contract to provide certain sourcing and supply management activities for Kimberly-Clark Corporation (NYSE:KMB - News). Outsourcing of these services to ICG Commerce is part of Kimberly-Clark's global competitive improvement initiatives, which were announced in July 2005. Other terms of the contract were not disclosed.
"This move will allow us to better direct our resources on innovation, brand-building and other capabilities that will drive long-term sustainable growth," said Ian Maginnis, Kimberly-Clark's Vice President of Business Support Delivery. "By selecting ICG Commerce, Kimberly-Clark's sourcing and supply management staff will focus their expertise on such critical business purchases as raw materials and packaging supplies, while leveraging ICG Commerce's market knowledge, sourcing strategies and procurement experience to reduce costs and improve efficiency."
Under the contract, ICG Commerce will manage sourcing and vendors and process purchase orders for Kimberly-Clark's North American and European operations in the areas of maintenance, repair, operating supplies and contract services.
"Kimberly-Clark is clearly dedicated to enhancing their world-class operations and further improving their purchasing function," said Carl Guarino, Chief Executive Officer, ICG Commerce. "As a procurement outsourcing specialist, we will work closely with Kimberly-Clark to implement a program that will provide both process improvements and cost savings for the company." |
