Ariba Launches Comprehensive Risk Management Solutions.New Offerings Combine Best-in-Class Risk and Performance Management Software With Deep Expertise and Services to Help Companies Identify and Mitigate Supply Chain Risk SUNNYVALE, Calif. -- In today's economy, it isn't a question of if your suppliers may be at risk of failing. It's a matter of which suppliers will fail and when? 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. industry reports, business bankruptcies were up 75% in 2008. And they are expected to increase another 35% this year. To help companies deal with the risks inherent in these numbers, 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 leading spend management solutions provider, has launched a new set of solutions that combine best-in-class risk and performance management software, global supplier and supply market expertise and risk mitigation services to help companies identify and effectively minimize risk across their global supply chains. "Having information on supplier financial viability and operational performance is critical to assessing exposure to risk, but it doesn't provide a full picture and isn't enough to help companies mitigate potentially negative effects on their business," said Sundar Kamakshisundaram, Senior Solutions Marketing Manager, Ariba. "What's needed is a 360x view of a supplier's health, details on underlying supply market risks and an efficient process for acting upon this intelligence on an ongoing basis." With Ariba([R]) Supplier Management([TM]), companies can gain the most comprehensive view of supply risk and proactively diagnose diagnose /di·ag·nose/ (di´ag-nos) to identify or recognize a disease. di·ag·nose v. 1. To distinguish or identify a disease by diagnosis. 2. and mitigate these issues before they impact their organization. Comprehensive Solutions to Complex Problems Poor management and coordination of information across the supplier management lifecycle can lead to unforeseen and potentially devastating dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. supply risk. Ariba's Supplier Management solutions combine market-leading supplier information and performance management software, global supplier and supply market expertise and risk-mitigation services to help companies identify potential financial, operational, and market risks in their supply chain and rapidly develop and execute contingency plans A plan involving suitable backups, immediate actions and longer term measures for responding to computer emergencies such as attacks or accidental disasters. Contingency plans are part of business resumption planning. to mitigate them. Supplier Risk Assessments In order to effectively manage supply risk, companies must first understand their exposure. To help them do this, Ariba has launched Ariba([R])Supplier Risk Assessments([TM]). Leveraging its global category specialists, deep supply market knowledge and dedicated spend management professionals, Ariba provides targeted risk management assistance, including: * Analyzing the financial health and stability of suppliers using detailed financial information and third-party risk profiles * Obtaining proof of financial soundness through site visits * Creating detailed supplier risk profiles to determine category and industry threats * Examining commodity and underlying supply market trends to discern dis·cern v. dis·cerned, dis·cern·ing, dis·cerns v.tr. 1. To perceive with the eyes or intellect; detect. 2. To recognize or comprehend mentally. 3. the potential impact of supply constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. and price fluctuations across top and sub-tier supply chains * Investigating the stability of raw material supply and possible effects of trends such as market consolidation and capacity constraints Supplier Information Management On Demand As tough economic conditions persist, the odds that companies will face some form of supply disruption increase. To minimize the impact, companies need solutions that enable them to quickly discover, assess, and on board new supply partners, ensure their information is accurate and up-to-date and continually measure and improve their performance. Delivered on demand, Ariba([R]) Supplier Information Management([TM]) combines market-leading technology, global supplier expertise and spend management services that companies can leverage to: * Reduce the cost and time involved in supplier discovery and assessment - which can account for up to half of the sourcing cycle - as well as on-boarding and management so that as suppliers fail, new ones can quickly be identified and brought up to speed. * Gain a 360-degree view into supplier information including contracts, quotes, performance, certificates, internal stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. and contacts. * Access additional information, performance ratings See benchmark. , and alternative sources of supply on over 200,000 suppliers through the Ariba Supplier Network([TM]). * Speed supplier assessment and qualification by automating information collection and new supplier approval processes. * Ensure proper supplier selection, measurement, and risk and performance management. Supplier Performance Management On Demand Successful spend management requires working with existing suppliers, identifying new sources of supply and evaluating the supply base on an ongoing basis. But the challenges to managing a global supply base are many, including: * Large numbers of suppliers * Fragmented data spread across multiple systems * Inconsistent goals, metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. and measurements * Labor-intensive data gathering and rudimentary rudimentary /ru·di·men·ta·ry/ (roo?di-men´tah-re) 1. imperfectly developed. 2. vestigial. ru·di·men·ta·ry adj. 1. analysis procedures With Ariba Supplier Performance Management([TM]), companies can overcome these challenges and define, measure, aggregate and act upon the performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. of their supply base. Delivered on-demand, the solution combines Ariba's market-leading technology, best-practice processes and deep supplier performance management expertise to help organizations: * Ensure that suppliers perform to expected metrics and service levels * Avoid critical supply problems through tight collaboration with and frequent measurement of key suppliers * Award more business to high performers based on quality, timeliness and other key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. * Ensure that future sourcing activities take performance and quality into account * Manage more suppliers using automated processes and scoring /analysis tools * Give suppliers visibility into performance issues and quality problems "Companies today face more supply risks and challenges than ever before," Kamakshisundaram said. "But with the right combination of technology, expertise and services, they can effectively manage and overcome them." Availability Ariba's Supplier Management solutions are available and in use by customers today. For more information on the offerings and the value that they can deliver, visit http://www.ariba.com/programs/supplyrisk.cfm About Ariba, Inc. Ariba, Inc. is the leading provider of on-demand spend management solutions. Our mission is to transform the way companies of all sizes, across all industries, and geographies operate by delivering software, service, and network solutions that enable them to holistically source, contract, procure To cause something to happen; to find and obtain something or someone. Procure refers to commencing a proceeding; bringing about a result; persuading, inducing, or causing a person to do a particular act; obtaining possession or control over an item; or making a person , pay, manage, and analyze their spend and supplier relationships. Delivered on demand, our enterprise-class offerings empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems companies to achieve greater control of their spend and drive continuous improvements in financial and supply chain performance. More than 1,000 companies, including more than half of the companies on the Fortune 100, use Ariba solutions to manage their spend from sourcing and orders through invoicing and payment. For more information, visit www.ariba.com Copyright [c] 1996 - 2009 Ariba, Inc. Ariba, the Ariba logo, AribaLIVE, SupplyWatch, Ariba.com, Ariba.com Network and Ariba Spend Management. Find it. Get it. Keep it. are registered trademarks of Ariba, Inc. Ariba Spend Management, 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 Invoice, Ariba Payment, 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 Content Procurement, Ariba PunchOut, Ariba QuickSource, PO-Flip, Ariba Spend Management Knowledge Base, Ariba Ready, Ariba Supply Lines, Ariba Supply Manager, Ariba LIVE, 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 and Supplier Lifecycle Management are trademarks or service marks of Ariba, Inc. All other brand or product names may be trademarks or registered trademarks of their respective companies or organizations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and/or other countries. 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 current expectations include, but are not limited to: the impact of the credit crises on Ariba's results of operations and financial condition; 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, including the impact of a recession; 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 with the SEC on May 6, 2009. |
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