HOBOKEN, N.J., June 27, 2012 (GLOBE NEWSWIRE) -- Fabricating Partners, Inc. today launched Fabricating.com, the industry's new online Request for Quote (RFQ) Marketplace designed to help U.S. Buyers build U.S. Supplier networks and manufacture made-to-order parts. Their SourceNow platform presents easy-to-use functionality designed to streamline and manage the complexities of sourcing custom-manufactured products, parts, and assemblies. From multi-line RFQs to crucial Supplier profiles, Fabricating.com delivers a productive, paperless system developed to address a critical market need for U.S. Buyers seeking U.S. Suppliers. The web-based service supports more than 250 manufacturing processes including machining, sheet metal fabricating, and thermoforming. Fabricating.com requires no IT setup, software installations, or maintenance. Buyers only need Internet access and a standard browser to "source" from any location.
Fabricating.com also launched their "Sparks Fly" marketing campaign to introduce the service and encourage reshoring of manufacturing jobs. The rising price of fossil fuel, climbing overseas labor costs, the declining dollar, and compelling "total cost to own" factors are compelling American enterprises to reconsider their manufacturing strategies and logistics. These current market trends were key drivers for Fabricating.com, which is well positioned to help companies create new supplier networks, reshore manufacturing jobs, support Buy American provision requirements, aid State MEPs with "Made in YourState" initiatives, and verify the "country-of-origin" labeling concept for products sold in America.
"We are confident Fabricating.com will set the new standard for Sourcing in the United States," states Frank Russo, Fabricating.com CEO. "In order to revitalize the nation's manufacturing base, we have to encourage the cooperation and coordination of U.S. Buyers and U.S. Suppliers engaged in the Request for Quote process. Our ultra-intelligent SourceNow platform facilitates this interaction and delivers huge benefits to both U.S. Buyers and U.S. Suppliers. Fabricating.com delivers the tools needed by Engineers and Purchasing professionals to carve out next-gen Supplier networks that stimulate the economy and energize our nation of makers."
Helping Buyers Build U.S. Supplier Networks
Fabricating.com's SourceNow platform is engineered for maximum throughput of RFQ (Request for Quote) requirements. The system analyzes part details from a Buyer's RFQ and locates U.S.-based contract manufacturers with the expertise and machine assets needed for the job. Suppliers use the same streamlined, paperless system to quote for business. The sourcing platform adheres to the newest Web standards and provides support for CAD files, Excel spreadsheets, and other popular engineering file formats. The solution can also be integrated with Buyside enterprise applications, and provides a central point for all sourcing intelligence with a host of management tools and analytics for any size purchasing department.
Helping U.S. Suppliers Fill their Business Pipeline
The Fabricating.com marketplace provides RFQ opportunities for U.S. Suppliers who want to build a customer pipeline or expand their current client base. The sourcing system analyzes each RFQ posted online by Buyers, then flags the Supplier when an opportunity precisely matches their expertise, capacity, and machine assets. Based on detailed engineering drawings and documentation provided, Suppliers use the same paperless system to quote for the job. A strategic business development tool, Fabricating.com can also be utilized to manage quotes, standardize procedures, and diminish the headache of missing engineering drawings and documents.
About Fabricating.com
Fabricating.com develops the SourceNow platform and online marketplace for U.S. Buyers and U.S. Suppliers engaged in the sourcing process to produce products, parts, and assemblies. The company provides a centralized, secure solution for the Request for Quote (RFQ) process, and supports the exchange and communication of information needed for custom manufacturing. The intelligent SourceNow platform analyzes part details from an RFQ and locates U.S.-based contract manufacturers with the expertise and machine assets needed for the job. Fabricating.com's R&D, sales and marketing, and customer service center is located at its headquarters in Hoboken, NJ. For more information, call (201) 345-5229 or learn more at www.Fabricating.com.
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Link to Press release: http://www.fabricating.com/servlets/AuctionConnector?template=press&lngCode=en