Black & Decker's Deployment Of Print e-Procurement & Sourcing Tools Identified As Industry Best Practice By Aberdeen Group.Business Editors WHIPPANY, N.J.--(BUSINESS WIRE)--Sept. 26, 2002 Cirqit's Technology and Procurement Processes Achieve Cost Savings at Black & Decker Cirqit, a leading procurement service provider (PSP (PlayStation Portable) See PlayStation. ) to the Fortune 2000 for the procurement of printed materials, has been distinguished in an 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. report, Best Practices in Online Services Procurement (OSP (Online Service Provider) See online service. OSP - Optical Signal Processor ), for the success of Cirqit's relationship with The Black & Decker Corporation of Towson, MD. Black & Decker implemented Cirqit's eProcurement and Supply Chain Management applications, Order-It(TM) and Price-It(TM), and related consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to manage commerce within the print category for its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Power Tools and Accessories business and achieved a complete return on investment within six months. Aberdeen Group, a leading market analysis and positioning services firm, examined over 30 OSP implementations, categorizing them into one of three areas, travel, print, and contract labor. It conducted blind evaluations based on multiple metrics including usage, spending volume, process efficiencies, cost savings, and additional qualitative benefits to select enterprises that represented best practice deployments. "As a global consumer products goods company, Black & Decker must maintain a certain level of marketing activities, but it took this responsibility as an opportunity to leverage its print spend to save considerable money in the process," said Christa Degnan, senior analyst, Supply Chain Research at Aberdeen. "Implementing a strategic sourcing and procurement strategy with the help of today's Internet-based automation technologies enabled Black & Decker to pay less for print, at the same time giving the firm insight into where its money was going, with whom, and why. It can now use this intelligence to make sure it is getting the best overall value from its vendors, making it a more competitive company in the process." Black & Decker engaged IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Global Procurement Services to assist in the development of a sourcing strategy and eProcurement strategy for the print commodity. Together they selected Cirqit's technology solution, which resulted in significant hard and soft cost savings. "Cirqit delivers best practices and technology for supply chain management to this complex category and delivers unit cost savings that are significant to our overall eProcurement and indirect sourcing strategy," said Patricia Larkin, Director of Purchasing for the North American Power Tools and Accessories business. Patricia Larkin will highlight Black & Decker's successful approach to the management of print procurement during a live Aberdeen Online Conference Series (AOCS AOCS American Oil Chemists Society AOCS Aviation Officer Candidate School (US Navy) AOCS Australian Ovarian Cancer Study AOCS Attitude and Orbital Control System AOCS Academy of Clinician Scholars ) web cast on print procurement best practices being held in October. . For a copy of the complete research report and for information on the upcoming AOCS, visit www.aberdeen.com or call 617.723.7890 or 800.577.7891. About Cirqit Cirqit is a software and services company that assists organizations by reducing the price of printed materials and related services. Cirqit leverages software and consulting services to create and execute a comprehensive print procurement strategy. Fortune 2000 companies use Cirqit's blend of eProcurement automation tools, supply base analytics, and procurement expertise. Cirqit delivers this powerful offering to the market in a fully hosted, web-based service, which eliminates the need for customers to invest in new technology infrastructure. Cirqit's headquarters is located in Whippany, N.J. The company's sales offices are located in Chicago, Seattle, and New Jersey. Cirqit can be found on the Web at www.cirqit.com. About Aberdeen Founded in 1998, Aberdeen Group is a leading IT market analysis and positioning services firm that helps Information Technology vendors establish leadership in emerging markets. The firm provides IT market intelligence, positioning, and market acceleration services See Web page acceleration. to established and start-up technology companies. Aberdeen's consultants provide up-to-the-minute global IT market insights in more than 25 IT market segments. Research practices focus on emerging market opportunities, market growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , important industry trends, and customer buying patterns. The firm also helps clients to identify new market opportunities, enter those markets successfully, and accelerate the adoption of new technologies. Headquartered in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New , Aberdeen has research and consulting divisions in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. ; Fort Collins, Colorado The City of Fort Collins, a home rule municipality situated on the Cache la Poudre River along the Colorado Front Range, is the county seat and most populous city in Larimer County, Colorado. ; and Amsterdam, the Netherlands. Aberdeen is accessible via the Web at www.aberdeen.com. |
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