(WEXFORD, PA) Co-eXprise, Inc., a technology and strategic sourcing company, has signed a long-term agreement to provide its CX4 Supply Chain Solution to LORD Corporation. The technology will connect the critical supply chain links between LORD Corporation’s engineering, sourcing and manufacturing functions and their supply partners.

 

LORD, a leading diversified technology company with a long history of developing breakthrough adhesive, coating and motion management technologies for aerospace, defense, automotive and industrial customers, is implementing Co-eXprise CX4 Technology.

 

“With Co-eXprise Technology, we can easily access critical engineering information and utilize it in our strategic sourcing and implementation efforts,” said Vic Venattozzi, Senior Director, LORD Corporation. “The ability to use this information and maintain control of our intellectual property through the strategic sourcing process will provide LORD significant advantages when engaging our supply partners in efforts to continually improve the LORD product portfolio.”

 

The Co-eXprise CX4 Solution creates a high-value linkage among the design, sourcing and operations teams to dramatically reduce cycle time, drive quality new product introduction programs, and implement strategic cost-out initiatives.

 

“We are very pleased to welcome LORD as a Co-eXprise customer and anticipate that the CX4 Solution will bring strategic value to their Sourcing Team,” said Bill Blair, Co-eXprise, Inc. Chief Executive Officer. “We are looking forward to assisting LORD in meeting their goal of achieving supply chain operational excellence in the areas of direct spend sourcing and implementation.”

 

About Co-eXprise, Inc.

 

Co-eXprise, Inc., designs and leverages technology to accelerate and enhance the way organizations source everything from complex, direct materials to everyday commodities. Co-eXprise Technology provides real-world supply chain solutions while reducing cycle time and cost for all types of manufacturing companies. Co-eXprise Energy MarketPlace delivers best market price procurement services for strategic commodities in a variety of market sectors including property management, health care, manufacturing, retail, government and education. For more information about Co-eXprise, visit www.co-exprise.com.

 

With headquarters in Cary, N.C., USA, and sales in excess of  $630-MM, LORD Corporation is a privately-held company that designs, manufactures and markets devices and systems to manage mechanical motion and control noise and vibration; formulates, produces and sells general purpose and specialty adhesives and coatings; and develops products and systems utilizing magnetically responsive technologies. With manufacturing in nine countries and offices in more than 15 major business centers, LORD Corporation employs more than 2,400 worldwide. Visit http://www.lord.com/ for more information.