Spend Matters 50/50: ThomasNet – A Provider to Know in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about ThomasNet.

"ThomasNet is one of few companies in the supply chain technology and content space that has been in business for over 100 years. Now, the company has a 700,000+ strong supplier database, and around 60,000 SMWBE suppliers among them. It also has libraries with CAD drawings, product and category-specific white papers, and a news feed with industry updates. ThomasNet also offers a quick RFQ tool that caters to product engineering and services needs and matches RFQs up with capable suppliers in their database."

You can read more about what our US colleagues had to say about ThomasNet here.

And what about the UK and Europe? Well, it looks like some of the services the firm provides could be useful to manufacturing procurement people anywhere. But the core search facility offers a drop down menu with all the US States listed - but nothing else. So I think we can assume the core directory is very much US-based.

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