AMS, ARIBA TEAM UP TO LAUNCH ELEC. MARKETPLACE FOR STATE, LOCAL GOVT.S.ORMX-Based Buysense.com Connects State & Local Govt. Buyers And Sellers Online American Management Systems American Management Systems (previous NASDAQ symbol: AMSY) was founded in 1970 as a technology and management consulting firm. It was founded by a group of five former United States Department of Defense officials who worked under Robert McNamara in the Kennedy and Johnson , a Fairfax, Va., business and information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. firm with a long list of government clients, and Ariba Inc., a Mountain View, Calif., provider of business-to-business e-commerce services, have just launched "Buysense.com", a Web-based marketplace the two firms say will provide "significant cost savings and operating efficiencies" for state and local government organizations, institutions of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. , and their goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. suppliers. Powered by the Ariba Network platform and the Ariba ORMX application, AMS AMS - Andrew Message System and Ariba say the site represents "the first Internet standards- based, extranet eCommerce solution for the government and education market." "Buysense.com leverages AMS' unparalleled knowledge of state and local government and Ariba's proven, industry-leading technology," says Bill Kilmartin, AMS vice president for eCommerce-in-government initiatives. "We are combining the powerful Ariba Network platform with AMS' experience working with more than 300 state and local government organizations. Buysense.com will support breakthrough performance for the eCommerce-enabled next generation government enterprise." "Ariba's partnership with AMS and the launch of Buysense.com gives us the opportunity to extend the cost savings and revenue opportunities enjoyed by our business customers to all government agencies and their suppliers," adds Keith Krach, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ariba. "Buysense.com will add a potentially enormous source of buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. , as well as diversity and richness of content, to the Ariba Network ecosystem. Ariba is now positioned to meet the diverse eCommerce needs of all organizations large and small, public and private." Buysense.com is an AMS-hosted Web site built on top of the Ariba Network platform that users can access on a subscription basis. Because the solution does not involve software installation or require internal support for operations, government users can be up and running quickly. For suppliers, the Web technology for Buysense.com retains the supplier brand identity and can be configured once and then reused for other eCommerce transactions with multiple customers in the public sector. Once employees of government agency "buyers" connect to the site using the Ariba ORMX hosted application, they are able to search online supplier catalogs and place orders for goods and services through the Ariba Network platform from their desktop. By streamlining manual purchasing activities, AMS says government organizations will be able to reduce non-contract "maverick" buying and direct aggregated purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. toward preferred suppliers at lower prices. Purchasing departments Noun 1. purchasing department - the division of a business that is responsible for purchases business department - a division of a business firm would also spend less time processing employee purchase orders, allowing them to focus on strategic purchasing and managing supplier contracts and relationships. "As the only scalable, multi-jurisdictional online market community, Buysense.com allows state and local governments and institutions of higher education to cooperatively leverage their buying power," says Gary Lambert, AMS senior principal. "By allowing all types of buyers and sellers to connect online, sellers will broaden their market exposure and the governments' collective buying power will translate into lower costs and a wider range of choices." |
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