Iasta, experts in delivery of eSourcing software and services for global supply management, announced that leading fashion specialty retailer, Nordstrom Inc, signed a multi-year agreement to utilize Iasta's eSourcing solution.
After completing a successful pilot period, Nordstrom determined that Iasta was the best fit based on lasta's strategic sourcing tools, system flexibility and an understanding of the company's sourcing needs.
"After a thorough review, we found that Iasta offered Nordstrom the best solution set, combined with highest value for our money," said Steve Kesinger, Vice President of Procurement for Nordstrom.
Iasta's SmartSource, a secure eSourcing platform, enables users to reduce sourcing cycle times, improve processes and capture cost savings through the use of robust features and functionality such as event management, e-RFx creation and template libraries, advanced reverse auctions and post-bid optimization analysis.
Nordstrom found the combination of these tools, as well as Iasta's ability to support a multi-location retail organization with rapid response times and its robust resource library, was integral to their decision.
"Iasta has built a relationship with Nordstrom as a result of successful implementation of our technology for their precise needs. Our deep experience of sourcing best practices has been critical to delivering value for Nordstrom," said Iasta COO, Jason Treida.