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

100 companies - 100 days

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.

Clients use the company primarily for:

  • Supplier discovery – regular and diverse suppliers
  • Product sourcing – the RFQ process described above
  • Direct buy – e.g. MRO parts

The company has mapped its supplier database to the UNSPSC schema. With the range of services offered, you can think of ThomasNet as a marketplace for industrial goods and services. The company has also developed data connectors to various sourcing and procurement solution providers to make its content available – a good place to visit to address industrial procurement needs.

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