Science & Technology 
Science and Technology
Science and Technology 
Tue, February 10, 2009
Mon, February 9, 2009
ICG Commerce: ICG Commerce Announces Engagement With Whirlpool Corporation
PHILADELPHIA, PA--(Marketwire - February 9, 2009) - ICG Commerce, a leading procurement outsourcing specialist, has signed a multi-year agreement with Whirlpool Corporation, the world's leading manufacturer of home appliances. The contract engages ICG Commerce to help drive cost reductions by aggressively attacking $1 billion of indirect expenditures across the U.S. with services that include sourcing, category management and transaction processing.
Recognizing the opportunity to increase savings across indirect spend, Whirlpool engaged ICG Commerce to help drive greater efficiencies within the Marketing, IT/Telecom, MRO, and Professional Services and Travel expenditures. The partnership allows Whirlpool to accelerate savings opportunities by gaining fast access to ICG Commerce's deep category and global expertise, market intelligence and buying center infrastructure.
"While Whirlpool was already tightly managing direct and key indirect expenditures, we recognized the value of bringing in ICG Commerce to quickly expand our spend management efforts," said Michelle Dilley, General Manager of Global Indirect Goods and Services Sourcing. "Leveraging its market insight and experience, ICG Commerce has structured a solution that will enable us to achieve sizable realized savings across a broader range of spend in the first year of our program."
"With a mandate to improve business results, we looked to procurement spend as an area in which we can achieve a measurable impact," said John Miller, Senior Vice President of Global Sourcing. "We sought ICG Commerce as the best partner to accomplish our goal based on its proven success to deliver real savings through its outsourced procurement platform."
This engagement comes alongside a number of other recent contract wins and expansions for ICG Commerce, including leaders in the oil and gas, pharmaceutical and technology industries.
"The current economy has prompted more and more companies to look for savings opportunities to drive margin improvement and ultimately realize earnings growth," said Carl Guarino, Chief Executive Officer of ICG Commerce. "Whirlpool was quick to identify procurement spend as a meaningful target, and we are proud to provide the support that will enable this company to achieve cost reductions and focus on its strategic goals."
About Whirlpool
Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of approximately $19 billion, 73,000 employees, and 69 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly every country around the world. Additional information about the company can be found at [ http://www.whirlpoolcorp.com ].
About ICG Commerce
ICG Commerce is the leading procurement outsourcing specialist delivering comprehensive source-to-pay services. Results-driven leaders access ICG Commerce's experienced resources and market intelligence to better manage procurement and logistics spend, gaining significant savings and enhanced visibility and control.
ICG Commerce is a privately held company founded in 1992 and a member of Internet Capital Group's (