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PITTSBURGH - FreeMarkets Inc., provider of sourcing software and service solutions, today announced it has signed an agreement with The Penn Traffic Company in which Penn Traffic will use FreeMarkets FullSource as the platform for its e-sourcing program. The agreement follows the successful completion of a pilot program the companies began in 2001.
"We are using FreeMarkets to help us reduce our costs," said Martin A. Fox, Penn Traffic's executive vice president and CFO. "FreeMarkets will handle a series of competitive bidding events for a number of products, some for resale to consumers and others to support our operations."