Ariba Expands Low-Cost Country Sourcing Summit Series; Based on Success of Past Events and Demand for Sourcing and Commodity Expertise, Company Plans Additional Summits in Asia and Eastern Europe.SUNNYVALE, Calif. -- Ariba(R), Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced that it is expanding its series of low-cost country sourcing Low-cost country sourcing (LCCS) is a procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. (LCCS LCCS Low Cost Country Sourcing LCCS Land Cover Classification System LCCS Lincoln Christian College and Seminary (Lincoln, IL, USA) LCCS Life Cycle Contractor Support LCCS London Climate Change Services (UK) ) seminars. The news came during a summit that the company is currently hosting in Monterrey, Mexico. To accommodate the growing number of companies interested in leveraging emerging markets to drive global sourcing strategies and lower total costs, Ariba will host additional LCCS events in Asia and Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. throughout the year. Building on the successful format of previous seminars held in China, India and Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , the events will gather executives and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. professionals from leading companies to explore the opportunities and challenges of sourcing in key emerging markets. "Moving sources of supply offshore can deliver significant rewards. But it carries risks as well," said David Morgenstern, Managing Director, Low-Cost Country Sourcing, Ariba. "Our LCCS Summits are designed to help companies understand the risks and rewards of emerging markets and develop strategies that will enable them to achieve their goals." Through open discussions with companies actively sourcing and manufacturing in emerging markets, site visits with local suppliers, perspectives from in-country business and trade officials and interactive presentations from Ariba commodity experts, Ariba's LCCS Summits provide executives and procurement professionals with practical, actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. information they can use to: --Determine the right strategy and business case for low-cost country sourcing --Utilize total cost of ownership analysis to ensure lowest costs --Establish consistent processes for identifying and developing new suppliers in emerging markets --Evaluate and qualify foreign suppliers --Create the infrastructure necessary to automate the sourcing negotiation process --Coordinate and collaborate on aggregate spend across regions, divisions and sites The Summits also provide ample opportunities for participants to share insights and best practices among peers in informal networking settings and discuss industry issues and trends with Ariba sourcing and commodity experts. With more than 400 category specialists and 300 spend management professionals serving companies around the world, Ariba has an extensive understanding of global markets, knowledge of local supply bases, and commodity expertise. And it uses this knowledge to deliver results, helping companies to manage more than $120 billion in spend and generate over $15 billion in savings each year. "By sharing our knowledge and experience through our global seminar series, we can arm companies with the tools they need to unlock the value that emerging markets off and gain the advantage they need to compete and win in the global marketplace," Morgenstern said. For more information on Ariba's Low-Cost Country Sourcing solutions, please 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 software and services. Ariba can be contacted in the U.S. at 1.650.390.1000 or at www.ariba.com. Copyright (C) 1996 - 2006 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, 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 Sourcing, Ariba Invoice, Ariba Travel & Expense, Ariba Workforce, Ariba Supplier Network, Ariba Supplier Connectivity, Ariba Supplier Performance Management, Ariba PunchOut, Ariba QuickSource, PO-Flip, Ariba Settlement and Ariba Spend Management Knowledge Base, Ariba Ready, Ariba Supply Lines, Ariba Supply Manager, 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-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed December 7, 2005 and in its Form 10-Q Form 10-Q See 10-Q. filed February 8, 2006. |
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