Greensboro, NC & Ft. Washington MD September 1, 2004 — The National Tooling and Machining Association (NTMA) has announced that it has forged a strategic partnership with SourceHorizon, Inc., one of the nation’s leading online matchmakers between the buyers and suppliers of custom made-to-order parts.
Under the terms of the agreement, the NTMA, representing 1,800 companies and SourceHorizon have created a secure, online marketplace for manufacturing buyers to quickly identify, qualify and negotiate with custom manufacturers. The new marketplace which can be found at www.SourceNTMA.com focuses on adding value and offers a unique blend of information, technology and expertise. The site enables manufacturing buyers to access a pre-qualified supplier base, collaborate during the Request for Quote process and tap into critical services like project management and engineering support on demand. The site enables U.S. custom manufacturers access to new opportunities and other critical information which will help them become more responsive, efficient and profitable. SourceNTMA.com further distinguishes itself in its “pay-for-results” approach to supplier pricing. After a one-time registration fee, qualified suppliers pay a commission on opportunities awarded through the marketplace. NTMA member companies receive significantly discounted pricing. To participate, manufacturers must register online as a supplier, providing specifics about their business, equipment and expertise. After registering, SourceHorizon collects feedback from the supplier’s existing customer base enabling the company to leverage its existing reputation for quality and service into a powerful online marketing tool. To register, manufacturers should log on to www.SourceNTMA.com and follow the simple instructions. Buyer participation in the marketplace is free.
“Our partnership with SourceHorizon on behalf of NTMA members is consistent with our goal of helping our members expand their markets and generate new business opportunities. SourceHorizon offers a unique business-to-business marketing program that will give our members a competitive option in attracting new business in today’s globally competitive marketplace,” said Tom Garcia, NTMA Director of Global Industry Marketing and Meetings.
SourceNTMA.com will be powered by SourceHorizon’s proprietary marketplace technology. The company owns multiple web properties including www.SourceAuthority.com which focuses on U.S. manufacturing. SourceHorizon’s principals, Perry Gathings and Brian Self, said that the new marketplace was founded on the belief that SourceNTMA.com should provide equal value to both buyers and suppliers, enabling both parties to achieve their business goals. “It is an easy and cost effective way to buy and sell services,” said Perry Gathings. “With SourceNTMA.com, suppliers have the opportunity to get exposure to manufacturing buyers at the very moment they need their services. With a ‘pay-only-for-results’ pricing model, imagine the cost-savings SourceNTMA.com can provide. Any time a manufacturer can cut basic expenses the savings go straight to the bottom line.” Self said, “Custom manufacturers who have invested in basic computer and internet technology will be able to easily participate.”
Summarizing their thoughts, Brian Self stated, “We are proud to have been selected as a strategic partner of the NTMA. We look forward to working closely with them to develop new, cost-effective tools that strengthen their members’ businesses and in turn strengthen American manufacturing.”
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