Lear Completes First Phase of Implementation of Datastream's iProcure
16 January 2001
Lear Corporation Completes First Phase of Worldwide Implementation of Datastream System's iProcureFortune 150 Automotive Supplier Purchases Non-Production Goods at U.S. Sites via Online Procurement; Global Expansion to Commence in 2001 GREENVILLE, S.C., Jan. 16 Datastream Systems, Inc. today announced that Lear Corporation , the world's fifth-largest automotive supplier, has completed the first phase of implementation of the iProcure(TM) network, Datastream's award-winning e-marketplace for asset management and purchasing professionals. Since the October 1999 implementation at Lear's plant in Huron, Ohio, the company has aggressively continued deployment of iProcure across the U.S. at 41 locations. Lear expects to use iProcure for the procurement of all non- production industrial parts and supplies for maintenance, repair and operations at all of its U.S. sites. Throughout the first quarter of 2001, Lear will continue to expand its installed base of iProcure throughout North America by adding eight sites in Canada followed by 25 in Mexico. Lear will also install iProcure in 100 sites across Europe beginning late-second quarter 2001. "Lear has pursued an assertive path in implementing iProcure," said Lou Minna, manager of non-production purchasing for Lear Corporation. "With iProcure smoothly operating in our U.S. sites, Lear has been able to reduce capital spending on parts and supplies while also streamlining our procurement processes. As we continue to expand iProcure during 2001, we plan to accelerate our spending as well." As the first Lear facility in the United States to deploy iProcure, the Lear Huron plant has increased its use of the system to procure more than 80 percent of the needed critical parts and supplies. "iProcure represents a huge leap over traditional procurement processes, enabling us to quickly order critical parts and supplies," said John Leonard, director of maintenance repairs and operating supplies at Lear's Huron plant. "The accelerated deployment progress of iProcure for Lear, a project of international magnitude, demonstrates Datastream's commitment and ability to provide enterprise-wide, plant-based procurement," said Greg Jackson, vice president of iProcure. "iProcure saves Lear a significant amount of time and money by providing purchasing professionals with the online procurement tools necessary to make quick repairs to their production equipment. With Lear's plans to expand iProcure deployment, their entire enterprise will be able to capitalize upon our cost-effective, fully automated industrial procurement system." "Various acquisitions left Lear with more than 18,000 suppliers, time- consuming order processing cycles, and a lack of centralized information on its indirect expenditures," said Tim Minahan, managing director of Aberdeen Group's e-Business practice. "iProcure is providing Lear with a lever to control indirect spending, reduce process cycles and costs, and streamline its industrial products supply chain."