NORWOOD, Mass., Feb. 19, 2002 — elcom inc, a provider of remotely-hosted eProcurement and eMarketplace solutions subsidiary of Elcom International Inc., today announced that Colectric Partners Inc., a membership-driven non-profit corporation serving America’s publicly-owned utilities, has selected PECOS Internet Procurement Manager (PECOS.ipm) to create a private eProcurement marketplace environment for use by Colectric Partners’ member organizations.
Colectric Partners is comprised of the JEA, Santee Cooper, Municipal Electric Authority of Georgia and the Nebraska Public Power District.
Founded in 2001, Colectric Partners, Inc. pools its members’ collective physical, financial and intellectual resources in order to maximize cost savings. The company is using collaboration to create efficiencies across the utility business model including the areas of development, project management, operations and maintenance of electric generation, transmission, distribution, gas and infrastructure facilities.
PECOS Internet Procurement Manager, elcom, inc.’s remotely-hosted eProcurement system, will be used to create buying efficiencies among Colectric Partners’ public power member organizations for facilities projects and maintenance, repair and operating materials purchases.
“elcom, inc.’s eProcurement technology will be used to create an eProcurement system and eMarketplace for improving our organizations purchasing efficiencies by helping reduce purchasing process and product costs for key project and business management resources and to leverage procurement best practices,” said Bob Alder, president of Colectric. By reducing costs for the procurement and delivery of electric generation, transmission, distribution and infrastructure facilities and capital projects and facilities maintenance materials, we will be better positioned to serve our members.”
Robert J. Crowell, Chairman and CEO for elcom, inc., stated, “We are very pleased to be working with Colectric and are confident that we can help Colectric Partners meet their process improvement and cost reduction goals. We will help them maximize the use of our PECOS Internet Procurement Manager technology to improve collaboration with suppliers, implement procurement best practices and increase their purchasing process efficiencies.”
About Colectric Partners
Headquartered in Jacksonville, Fla., Colectric Partners is a member-owned collaborative business that helps America’s public power industry maximize their collective buying power and leverage best practices models while minimizing costs and reducing financial risks.
Originally called Power Partners and founded in 2001 by four charter members (JEA, Municipal Electric Authority of Georgia, Santee Cooper and Nebraska Public Power District), the company provides unprecedented assistance, information and purchasing leverage related to the development, project management, operations and maintenance areas of their electric generation, transmission, distribution, gas and infrastructure facilities. Additional information can be found at www.colectric.com.
For detailed information on our PECOSà¢â€ž- technology and optional Dynamic Trading functionality, please visit our Web site at www.elcominternational.com/products.htm.