Business Services Industry

MINING FOR SOURCING SUCCESS: RIO TINTO SELECTS PROCURI.

AsiaPulse News, December, 2002

(Full text of a statement. Contact details below.)

ATLANTA, Dec. 3 /PRNewswire-AsiaNet/ -- After a formal evaluation process, Rio Tinto Limited, a world leader in finding, mining and processing the earth's mineral resources, selected Procuri's solutions to support its sourcing practices across the globe. Procuri, a leading provider of strategic sourcing tools and services, has more than 50 customers using Procuri 4.0(TM).

In order to support its 20 Business Units and four procurement hubs, Rio Tinto required a complete sourcing solution that includes extensive RFx and auction functionality and could be quickly implemented and globally executed. The company also needed to train its 40 auction specialists, located across four continents, in two weeks.

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