FreeFlow's leading asset management suite addresses at-risk inventory at all stages of the product lifecycle, in all conditions, and in any location to help its customers improve product profitability and to make immediate, positive impact on their balance sheets. The company's proactive identification and disposition of at-risk inventory is accomplished through a unique combination of three complementary offerings: straightforward process methodology, fully-hosted, web-based auction technology, and supporting value-add services consisting of critical market intelligence and market creation on the front end and logistics support and financial clearing on the back end.
According to AMR Research, approximately $150 billion of supply chain is wasted across all types of global industries, for which the electronics industry represents 15% of the global economy. Proportionately, this translates to over $22 billion in supply chain inefficiencies in the electronics industry alone. FreeFlow's customers span the global high tech and telecommunications industries and address their continuous challenges with excess electronics inventory using FreeFlow's patented technology. FreeFlow is also helping customers improve their inventory asset management challenges across the industrial, apparel, and grocery retail markets.
Selection in the 2006 40 Emerging Software Vendors listing, says Kevin Parker, MBT editorial director, "is indicative of the contribution these companies are making to the manufacturing industry, delivering benefits that extend from reduced inventories to shorter product development times. While these companies may never be another SAP or Oracle, and may not want to be, it's clear that innovative solutions continue to emerge from smaller, entrepreneurial software vendors."
"FreeFlow's solution has been gaining traction with global manufacturing leaders as our proven ROI is demonstrated through out their product lifecycle," stated Alan Scroope, FreeFlow's CEO and founder. "This recognition as a Top Emerging Software Vendor by MBT magazine underscores the value we are delivering to our customers."
FreeFlow's inventory asset management solutions combine a web-based auction platform that addresses asset management challenges with the liquidation of excess inventories in the late stages of product lifecycles. FreeFlow's operational site, FreeFlowAuctions.com, together with numerous client-branded sites powered by FreeFlow, leverages the Internet and combines it with business services to proactively manage slow-moving, aging or obsolete inventories. FreeFlow's offering helps customers implement operational processes, maximize asset recovery and profitability, increase inventory cycle turns while avoiding channel conflict, and reduce overall reverse logistics costs.
About Manufacturing Business Technology/Reed Business Information
Manufacturing Business Technology is a monthly publication that explains the use of information technology to improve productivity in manufacturing and supply chain. It is owned by Reed Business Information (RBI), the largest business-to-business publisher in the U.S. and a member of the Reed Elsevier Group PLC.
Founded in 2001, FreeFlow provides manufacturers with business services and technology that squarely address asset recovery in a subscription-based, turnkey solution, which enable customers to yield higher margins, increased inventory throughput, and improved cash flow -- quickly and with minimal overhead. Some of FreeFlow's customers include Apple, 3Com, Creative Labs and SanDisk. Privately-held, FreeFlow has headquarters in San Jose, California and offices in Tralee, Ireland and Hong Kong. For more information, please visit www.FreeFlow.com.
Carmen Hughes, 650-592-1768