PartMiner Launches PowerBuyer Electronic Component Procurement System In Four European Countries, Israel And Singapore

Centennial, CO - PartMiner WorldWide Inc., the premier provider of real-time information and services to support strategic decisions in the electronics supply chain, recently announced the availability of its PowerBuyer solution, a market driven procurement tool for electronics manufacturers in Sweden, Denmark, Finland, Italy, Israel and Singapore.

The PowerBuyer solution provides electronic component buyers with market information including pricing and available inventories from thousands of distribution sources around the globe. Buyers are able to compare their current pricing to market prices in order to negotiate better pricing or select a more favorable supply source. Buyers can also use PowerBuyer to identify substitute parts with better supply chain attributes with better pricing.

"Everyone needs to save money, especially in the current economic environment", explained Chris Meyer, CEO of PartMiner WorldWide. "PartMiner has demonstrated savings on components of 20% and more, to more than 100 companies via our new quoting products, MarketPulse and PowerBuyer. How do we do this? Only PartMiner connects 11,000 suppliers with 13,000 component purchasing organizations worldwide."

PartMiner collects market intelligence from virtually every meaningful source around the globe - representing millions of component transactions and hundreds of millions of lines of active inventory. PartMiner employs more than 100 electronic component professionals in China and 350 worldwide. The company's ImPart database is the leading resource of technical information and market intelligence in the industry. It covers more than 120 million individual components from nearly 3,000 manufacturers. PartMiner couples technical information with market information through MarketPulse in the Americas and Europe, and PowerBuyer in Asia to offer a global perspective of price and supply information.

PartMiner provides electronic component procurement services to thousands of corporations worldwide. PowerBuyer is available at the enterprise-level, by subscription at www.powerbuyer.partminer.com in Chinese, Swedish, Finish, Danish, Italian and English. The system was launched in greater China in November 2008.

SOURCE: PartMiner WorldWide Inc.