The FASTXchange Advantage
At FASTXchange, we don't just provide the best solution to one of the most costly procurement problems facing businesses today; we provide the only one. Of course, to truly appreciate the value of our solution, one must first understand the problem

According to conventional wisdom, procurement is divided into two categories: "indirect" and "direct." "Indirect" refers to the type of frequently purchased but lower dollar value items sourced through a third party via a catalog model. Whereas "direct" refers to the type of infrequently purchased but high dollar value items sourced directly through the manufacturer.

There is, however, a third kind of procurement, which falls into neither category, that being the sourcing of the thousands of infrequently purchased but lower dollar value items constantly required by a firm's R & D, production and MRO operations.

Though little known, this type of procurement may be the single biggest drain on a purchasing department's budget, time and productivity. Incredibly, although such buys make up only 30% of all purchasing costs, they account for up to 70% of all transactions and can consume up to 80% of a firm's purchasing resources.

FASTXchange helps change all that. Providing instant access to more than 30,000 vendors worldwide, our system enables clients to obtain these relatively low-cost but often hard to find items quickly and efficiently.

In short, FASTXchange is designed to fill the void between catalog-driven e-procurement software systems, and strategic sourcing solutions designed for large-scale production buys. Indeed, recent studies indicate that only about 30% of MRO and other indirect needs are currently available in online catalogs.

The net result is a reduction in the cost per transaction, faster material delivery times, and reduced time to satisfy user needs. Just as important, our system helps free your procurement department to devote their attention to the sourcing of strategic items. All while giving them an effective and easy to use means of addressing the single most cost-consuming issue they face today. Or, as we like to call it the FASTXchange advantage.

Learn more about the value we can offer your firm.