09-10-01 Requisite Technology(TM) announced it has been selected as the electronic catalogue content management and finding solutions provider by Marathon Oil Company (MOC) and Marathon Ashland Petroleum (MAP).
As part of the agreement, MOC, MAP, and their suppliers will participate in the Requisite Supplier Hub, a Web-based content platform that provides a collaborative environment for suppliers and buying organizations to create, manage and distribute online catalogue content for integrated procurement initiatives. The Requisite Supplier Hub enables MOC, MAP, and their suppliers to update product and service information in real-time, increasing the accuracy of content and providing a single location for contracts and pricing information.

"Web-based technology is transforming the way we do business," said Bob Kukla, vice president, Global Procurement for Marathon Oil. "As more and more of our procurement activities migrate to electronic formats, the access, organization and management of catalogue information becomes strategically important. Content management software is a critical component of our ability to meet the needs of our customers and suppliers."
"Our eProcurement System will provide a user-friendly interface for employees to shop for materials and services. An integral part of this new process includes access to on-line catalogues of materials and services. Requisite Technology solutions will enable us to manage our catalogue information, which will contain items and prices previously negotiated with suppliers. The eProcurement System will capture purchasing transaction data to be used for spend analysis, strategic sourcing initiatives and management reporting," adds Neil Naiman, purchasing & commercial services manager of Marathon Ashland Petroleum.

Catalogue content created for Marathon Oil and Marathon Ashland Petroleum will be classified under the Requisite Unifying Structure (RUS(TM)), an open, global content organization standard built for end-user finding. Catalogues organized in RUS provide consistently categorized product and service information and allow buyers and marketplaces to unify content with diverse product and service information from multiple suppliers.
RUS also allows individual suppliers to preserve business relationships, product differentiation and brand awareness. RUS allows suppliers and buyers to participate in marketplaces or private procurement initiatives running on platforms provided by e-business application vendors such as SAP, Oracle, Ariba, and Commerce One. "Marathon's selection of Requisite reflects our strength in solving the e-catalogue problem for buyers as well as suppliers in vertical markets," said Louis Faust III, president and COO of Requisite Technology. "Requisite is committed to providing the best tools and services to drive successful collaboration between buyers and suppliers."

Marathon Oil Company (MOC), based in Houston, TX, and a part of the USX-Marathon Group and a unit of USX based in Pittsburgh, PA, is a large, fullyintegrated oil firm engaged in the worldwide exploration and production of crude oil and natural gas. Through Marathon Ashland Petroleum, the company also refines, markets and transports petroleum products in the United States.

Based in Findlay, Ohio, Marathon Ashland Petroleum (MAP) is the nation's fifth-largest refiner with 935,000 bpd capacity in its seven-refinery system. MAP's retail marketing system comprises approximately 6,000 locations in 21 states, more than half of which are brand locations. MAP serves the Midwest and Southeast as a wholesale marketer with 93 light product and asphalt terminals and access, through lease or ownership interest, to about 8,000 miles of pipeline. MAP is a limited liability company owned 62 % by Marathon Oil and 38 % by Ashland.

Requisite Technology helps companies doing Internet commerce to create, organize and manage product and service information for efficient Web-based finding, buying and selling. Requisite is partnered with leading providers of e-business applications and platforms, including SAP, Oracle, and Ariba. Headquartered in Westminster, Colorado, with operations in Toronto, London, Singapore and Darmstadt, Germany, Requisite's products and services are deployed in more than 15 countries and support 13 languages. Requisite Technology, BugsEye and eMerge are trademarks of Requisite Technology. All other company and product names are property of their respective owners.