MindFlow Technologies Announces ProcureMind 1.6

MindFlow Technologies Inc, a leading supplier of intelligent e-business applications for strategic sourcing management that put purchasing managers in control of the purchasing process, announced their ProcureMind 1.6 release, an upgraded version of its premier strategic sourcing suite.

ProcureMind 1.6 provides advanced software for purchasing departments who previously used spreadsheets to formulate and track their purchasing strategies. It gives purchasing managers the ability to enter, view and manipulate data in a variety of formats, saving them substantial time and effort compared to using non-integrated software from multiple vendors.

ProcureMind 1.6 responds to demands for more advanced sourcing capabilities from customers in various industries. Enhancements have been made to its component programs: ProcureStrat, ProcureSave, and Smartsourcing Desktop. According to Pierre Mitchell at AMR Research, "Multi-line optimization for bidding analysis will become a must-have capability for complex products with large numbers of components."

"ProcureMind 1.6's range of enhancements further extends our leadership position in the eSourcing application space," said Jay Reddy, MindFlow CEO. "That application market is predicted to grow to over $3 billion by 2004, and ProcureMind's added capabilities will further enable purchasing departments to improve their sourcing process by leveraging bundling efficiencies as part of their sourcing analysis."

ProcureMind 1.6 addresses strategic sourcing requirements, offering purchasing managers advanced modeling and analysis capabilities:

Multi-item Bundling Efficiencies. Analyses can be made leveraging multi-item sourcing opportunities by taking advantage of discounts at the category or company level.

Lower Inbound Supply Chain Costs. Analyses can be made to determine the incremental cost or savings involved in having dedicated plant line operations. Item cost components can be rolled up within a category to identify leverage opportunities, while buying services, raw materials or any other product cost component on behalf of suppliers, resulting in lower total supply chain costs.

Supplier Relationship Management. Purchasing managers can develop working relationships with suppliers to determine the optimal allocation of business to a level of detail and analysis that helps maximize ROI.

Increased Sourcing Productivity. An analytical application allows purchasing managers to make multiple item sourcing decisions, resulting in cost savings opportunities of 5 to 15 percent per item or category.

About MindFlow Technologies

MindFlow Technologies' strategic sourcing applications enable purchasing professionals to save millions of dollars in purchasing expenditures and months in making decisions, while also exploring new sourcing opportunities and building long-term relationships with vendors. MindFlow's strategic sourcing management software suite, ProcureMind, offers the ability to bundle and unbundle supply chain elements to create new sourcing models, help assure constant supply, provide real-time analysis to strengthen supplier negotiating positions, enable best practices to be archived and distributed within companies, and it is fun to use.

MindFlow Technologies is located at 6504 International Parkway, Suite 2400, Plano, TX 75093. For more information, please visit www.mindflow.com or contact Bill Costley, Senior Associate, Peter Arnold Associates, bill@parnold.com, Wellesley, Massachusetts, 781-239-1030.

Contact Peter Arnold Associates, Bill Costley, 781-239-1030.