On July 25, Fourth Shift Corporation and SupplierMarket.com announced a partnership that will enable purchasing professionals to locate ideal trading partners, submit RFQs for new contracts, and receive the results of reverse auctions, all from their familiar Fourth Shift vendor operations, manufacturing planning and scheduling, and product definition screens. Earlier, on July 18, Fourth Shift Corporation reported a loss of $.37 per share for the second quarter ended June 30, 2000.
online reverse auctions
data with the SupplierMarket.com online strategic sourcing platform for manufactured direct, indirect, and specification-based raw materials. Fourth Shift users who are involved in discrete manufacturing will be able to source built-to-order components and other specification-based materials involved in the manufacture of their end products directly from their desktop computers. Additionally, they will be able to search for open RFQs in their areas of expertise and nominate their company to bid on the