Ariba Drives Direct Materials Sourcing Success.Company's spend management solutions support criteria for best-in-class performance as outlined in new research from Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. SUNNYVALE, Calif. -- It's no secret that effectively sourcing direct materials can help companies lower costs and increase the bottom line. But what does it take to succeed on a global scale? According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. new research from Aberdeen Group, the most effective sourcing organizations leverage technology to automate key processes and blend category, supply base and process expertise to enhance their performance and achieve superior results. Sponsored in part by Ariba, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ARBA), the Aberdeen report, "Direct Materials Sourcing: Living in a Material World," sought to determine what separates the best from the rest when it comes to direct materials sourcing. The measure surveyed 160 companies across a range of industries and found that those using a combination of sourcing technology and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to manage their direct materials sourcing initiatives enjoy the following advantages: * 98 percent of direct materials spend under management * 28 percent higher year-over-year cost reductions * 63 percent greater rates of contract compliance "The Best in Class are notable in this study for their higher usage of technology and their laser focus on cost," notes Andrew Bartolini, Director of Global Supply Management Research at Aberdeen. "These leaders are also more likely to employ third-party services as a means to enhance their current capabilities and drive superior results." "When it comes to sourcing direct materials, technology alone doesn't cut it," said Mark Clouse, Vice President, Spend Management Services, Ariba. "In order to identify opportunities for savings and effectively drive them to the bottom line, companies need commodity knowledge, market information and best practice processes that can be applied across categories." With more than a decade of sourcing direct categories for many of the world's leading companies, Ariba has developed deep domain expertise and repeatable processes which it has embedded Inserted into. See embedded system. across its spend management solutions to help companies bring more of their spend under management, drive greater cost savings and positively impact top-line revenue. "By wrapping our technology with the knowledge and expertise we have built over the years and providing dedicated support in key markets around the globe through the more than 700 category specialists and sourcing professionals in our Global Sourcing Organization, we enable companies to move beyond simply automating the sourcing process in order to drive improvements that enhance overall business performance," Clouse added. More than 550 companies of all sizes across all industries leverage Ariba's solutions to source more than $120 billion in direct and indirect materials, services, and MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. each year. To date, these companies have identified average annual savings in excess of 15 percent. Offered in a variety of delivery modes, including hosted, on-demand, and on premise, Ariba's solutions are fast, easy and affordable for companies to adopt and provide rapid returns on investment. To learn more about Ariba Spend Management[TM] solutions and the results they deliver, visit: www.ariba.com. About Ariba, Inc. Ariba, Inc. is the leading provider of spend management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management[TM] software and services. Ariba can be contacted in the U.S. at 1.650.390.1000 or at www.ariba.com. Copyright (c) 1996 - 2007 Ariba, Inc. Ariba, the Ariba logo, AribaLIVE and SupplyWatch are registered trademarks of Ariba, Inc. Ariba Spend Management, Ariba Spend Management. Find it. Get it. Keep it., Ariba. This is Spend Management, Ariba Solutions Delivery, Ariba Analysis, Ariba Buyer, Ariba Category Management, Ariba Category Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , Ariba Contract Compliance, Ariba Contracts, Ariba Contract Management, Ariba Contract Workbench, Ariba Data Enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. , Ariba eForms, Ariba Electronic Invoice Presentment presentment: see indictment. and Payment, Ariba Invoice, Ariba Sourcing, Ariba Spend Visibility, Ariba Travel and Expense, Ariba Procure-to-Pay, Ariba Workforce, Ariba Supplier Network, Ariba Supplier Connectivity, Ariba Supplier Performance Management, Ariba PunchOut, Ariba QuickSource, PO-Flip, Ariba Settlement, Ariba Spend Management Knowledge Base, Ariba Ready, Ariba Supply Lines, Ariba Supply Manager, Ariba LIVE and It's Time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a for Spend Management are trademarks or service marks of Ariba, Inc. Ariba Proprietary and Confidential. All rights reserved. Patents pending. All other trademarks are property of their respective owners. Ariba Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 1995: Information and announcements in this release involve Ariba's expectations, beliefs, hopes, plans, intentions or strategies regarding the future and are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Ariba as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to Ariba's operating and financial results to differ materially from its current expectations include, but are not limited to: delays in development or shipment of new versions of Ariba's products and services; lack of market acceptance of Ariba's existing or future products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; the ability to attract and retain qualified employees; difficulties in assimilating as·sim·i·late v. as·sim·i·lat·ed, as·sim·i·lat·ing, as·sim·i·lates v.tr. 1. Physiology a. To consume and incorporate (nutrients) into the body after digestion. b. acquired companies; long and unpredictable sales cycles and the deferrals of anticipated orders; declining economic conditions; inability to control costs; changes in the company's pricing or compensation policies; significant fluctuations in our stock price; the outcome of and costs associated with pending or potential future regulatory or legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. ; the impact of our acquisitions, including the disruption or loss of customer, business partner, supplier or employee relationships; and the level of costs and expenses incurred by Ariba as a result of such transactions. Factors and risks associated with its business, including a number of the factors and risks described above, are discussed in Ariba's Form 10-Q Form 10-Q See 10-Q. filed May 9, 2007. |
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