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E-PROCUREMENT SYSTEM DRAWS LOYAL CUSTOMER BASE IN CORPORATE, GOVERNMENT ARENAS
Russell Madris' early 1990s idea to build a successful business by trading in old-fashioned technology purchases for a more efficient online marketplace is paying off in spades.
Madris is now president and CEO of Boca Raton, Fla.-based MoreDirect, whose eProcurement system aggregates about 300,000 IT product SKUs. Its inventory includes products from more than 1,500 manufacturers, such as IBM, Hewlett-Packard/Compaq, Toshiba, Cisco Systems, Microsoft and Novell.
"With the advent of the Internet and e-commerce, the way a buyer is going to get known and famous in the future is cutting out costs," said Madris. "We allow major corporations to cut out an incredible amount of costs."
MoreDirect's eProcurement system offers corporate and government customers one place to source, evaluate, purchase and track a wide variety of IT products. The system provides up-to-date inventory information, including comparative pricing, available quantity and detailed product...