Unocal rolling out e-sourcing globally with Perfect Commerce
The following news release was issued by Perfect Commerce
Work in industry standards initiative provides expertise and demonstrates solution robustness
PALO ALTO, Calif.--March 25, 2002--Perfect(R) Commerce Inc., a leading provider of Enterprise Supply Management (ESM) software, services and expertise, today announced that Unocal Corporation is rolling out Perfect Sourcing(TM) on a global basis to capture opportunities from the improvement of their sourcing processes.
Unocal is one of the world's largest oil and gas exploration and production companies. Recognizing that much of their spend is for complex products and services -- typically sourced from a very dynamic market -- Unocal was interested in a sourcing solution that provided flexibility, standardization, and end user self-service. In August 2001, Unocal began implementing Perfect Sourcing as its global solution for this area. Since rollout began, some of the categories sourced using the tool include supply and crew boats, tubular goods, and temporary staffing.
Perfect Sourcing enables end users at Unocal to automate and manage the complete sourcing process, including creating standardized bidding templates, generating requests for quotations, evaluating the resulting bid responses and awarding the bid to the winning supplier. Unocal is also in the process of integrating Perfect Sourcing into its Oracle iProcurement buying tool, which will enable the sourcing process to automatically move into Unocal's buying (and ultimately, invoicing) processes, thereby further streamlining the overall process and giving the end user a seamless experience.
"We saw an opportunity to improve the cycle time, efficiency, effectiveness, and transparency of the specifying/sourcing process that we go through," said Tim Pownell, General Manager of Unocal's eProcurement Project. "We are using Perfect's hosted software solution to help us capture this opportunity."
"The Unocal procurement team has been an exceptional group of people to work with because they are very progressive," said Perfect Commerce CEO Kevin Surace. "They recognized the strategic impact of sourcing and set up aggressive goals to unify worldwide sourcing activity across business units and appear to be on track to deliver on them."
Perfect contributes sourcing expertise to PIDX/Industry standards initiatives
Perfect also announced today its successful participation in the development and piloting of proposed eCommerce document standards as part of the American Petroleum Institute's (API) Petroleum Industry Data Exchange (PIDX) Complex Products and Services (Com.Pro.Serv) initiative. Perfect Sourcing successfully transmitted and received XML-format Request for Quotation and Bid Response documents using the proposed PIDX standards with two of the world's largest oil field services companies.
"Through participation in the PIDX Com.Pro.Serv initiative with industry-leading companies such as Unocal, Perfect Commerce's sourcing integration expertise is providing valuable feedback for the development of standards in our industry," said Tena Allain, PIDX Standards Chair. "These standards will help the entire industry implement eCommerce solutions faster and more efficiently."
The Electronic Commerce Committee of the American Petroleum Institute, the Petroleum Industry Data Exchange (PIDX) was formed in 1987 to develop and promote implementation of electronic standards for the oil and natural gas industry. PIDX also seeks to leverage the inherent value in existing EDI standards as well as actively pursuing the benefits of the emerging E-business technologies. Membership in PIDX is open to all oil and natural gas companies and their trading partners. More information about PIDX can be found on the API web site at http://www.api.org or by sending an email inquiry to email@example.com. PIDX Standards are developed in compliance with applicable laws, including antitrust laws; API standards policies and practices; and, pursuant to standard intellectual property rights.
About Unocal Corporation
Unocal is one of the world's leading independent natural gas and crude oil exploration and production companies. The company's principal operations are located in North America (Gulf of Mexico region, Alaska and Canada) and in Asia (Thailand, Myanmar, Indonesia, Bangladesh and Azerbaijan). The company is also pursuing exploration programs in West Africa and Brazil. Unocal Thailand has been producing natural gas in the Gulf of Thailand since 1981.
About Perfect Commerce Incorporated
Perfect Commerce provides Enterprise Supply Management (ESM) software, services and expertise that enable Global 2,500 companies to increase profits and improve product and service quality. Unlike companies offering only software or services, Perfect Commerce provides a complete solution comprised of a mature, robust full-function software system and the deep expertise and services in strategic sourcing and business process management needed to readily adopt and harness the power of Enterprise Supply Management. Perfect Commerce's solution complements and integrates with leading ERP offerings such as PeopleSoft (Nasdaq:PSFT), SAP, and Oracle. Perfect Commerce is headquartered in Palo Alto, California. For further information, visit www.perfect.com or call 1-650-798-3335.
Note to Editors: Perfect is a registered trademark of Perfect Commerce, Inc. Perfect Commerce, Perfect Sourcing, Perfect Insight, Perfect Process Designer and the Perfect logo are trademarks and/or service marks of Perfect Commerce, Inc. All other company, brand and product names are trademarks or registered trademarks of their respective owners.
Updated: March 2002