ADVISORY/SupplyWorks and Ingersoll-Rand Present Joint Online Seminar on Optimizing Direct Procurement Through Supplier Relationship Management

Business Wire, May 14, 2001

Business/Technology Editors

ADVISORY...for Wednesday (May 16)

--(BUSINESS WIRE)--

Latest in Series of Online Seminars to Explore Cost Savings and

Competitive Advantage in Direct Materials Procurement --

WHAT:             "Gaining Efficiency in your Direct Materials Spend
                  through Supplier Relationship Management(SRM)"

                  Most manufacturers have relationships with hundreds
                  of suppliers. It's very likely that their top 20
                  suppliers account for the majority of direct
                  materials spending, and get most of the attention.
                  The next tier of suppliers, however, can also be a
                  significant source of savings and competitive
                  advantage. This online seminar will delve into
                  innovative strategies for outsourcing direct
                  materials procurement with suppliers large and
                  small.

                  John Niemoller, director, Industrial Solutions
                  Business, SupplyWorks, Inc., and Bill Lindquist,
                  General Manager, The 21st Supplier Business Unit,
                  Ingersoll-Rand Company, will address how SRM
                  solutions can significantly reduce direct materials
                  costs with all suppliers. They will also discuss the
                  impact of SupplyWorks(R) MAX(TM), the industry's
                  leading SRM solution.

                  John and Bill will answer vital questions of how to
                  leverage SRM in managing diverse supply bases for
                  cost efficiency and competitive advantage. The
                  seminar will also include a real-time Q&A.

WHO:              Co-hosted by SupplyWorks and Ingersoll-Rand, this
                  seminar is part of a previously announced strategic
                  partnership between the two companies. SupplyWorks
                  is the leader in manufacturing SRM solutions, and
                  Ingersoll-Rand (IR) is a leading innovator and
                  solutions provider for the major global markets of
                  Security and Safety, Climate Control, Industrial
                  Productivity and Infrastructure.

WHEN:             Wednesday, May 16, 2001
                  2:00 p.m. Eastern Time

DURATION:         30 Minutes (including real-time Q&A)

MEDIA:            Members of the media are invited to attend.  To
                  register online, please visit
                  http://www.supplyworks.com/seminar/mayreg_ma.htm

WHERE:            The seminar will be hosted online.  You need only
                  Web browser access to attend.  After registering,
                  you will receive detailed instructions via return
                  e-mail for logging in and participating.

About SupplyWorks

SupplyWorks, Inc. is a leading provider of supplier relationship management (SRM) solutions that optimize the flow of production parts and materials for discrete manufacturers. The Company's Web-based solutions enable organizations to significantly increase competitive advantage, enhance market reaction time and flexibility, and strengthen financial performance. SupplyWorks is headquartered in Bedford, MA, and is backed by Atlas Venture, North Bridge Venture Partners and New Meadows Capital. Information about SupplyWorks and its solutions is available on the Internet at www.supplyworks.com or by calling 781.301.7000.

About Ingersoll-Rand Company

Ingersoll-Rand (IR) is a leading innovation and solutions provider for the major global markets of Security and Safety, Climate Control, Industrial Productivity and Infrastructure. The company's diverse product portfolio encompasses such leading industrial and commercial brands as Schlage locks and security solutions; Thermo King transport temperature control equipment; Hussmann commercial and retail refrigeration equipment; Bobcat compact equipment; Club Car golf cars and utility vehicles; Torrington bearings and components; PowerWorks microturbines; and Ingersoll-Rand industrial and construction equipment. In addition, IR offers products and services under many more premium brands for customers in industrial and commercial markets. Further information on IR can be found on the company's Website at www.irco.com.

About The 21st Supplier

Based in Torrington, CT, The 21st Supplier is an innovative business-to-business (B2B) service provider that focuses on consolidating and managing direct material purchasing for major industrial manufacturing clients (direct materials are consumed in the manufacture of products, rather than maintenance and replacement). Through its alliance with SupplyWorks and Roberson Transportation, The 21st Supplier has created a powerful new supply chain management team to serve large industrial manufacturers seeking to improve their non-strategic direct material purchasing process. For more information on The 21st Supplier, visit www.the21stsupplier.com, or call 860-626-3090.