Cadbury Schweppes Selects Tigris For Total Spend Analysis.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 17, 2003 Global Company Enlists Tigris' Deep Sourcing Expertise, Industry Leading Technology To Develop Comprehensive Spend Management System As corporations increasingly recognize the critical nature of spend visibility and management to maintain competitive advantage and reduce costs, Tigris Consulting today announced that it has been selected by Cadbury Schweppes Cadbury Schweppes plc is a confectionery and beverage company with its headquarters in Berkeley Square, London, England, UK. Cadbury Schweppes is currently the only major international confectionery manufacturer to produce Fairtrade or organic products, which it sells through its to build and implement a holistic Holistic A practice of medicine that focuses on the whole patient, and addresses the social, emotional, and spiritual needs of a patient as well as their physical treatment. Mentioned in: Aromatherapy, Stress Reduction, Traditional Chinese Medicine , enterprise-wide spend management system. The system will be reflective Refers to light hitting an opaque surface such as a printed page or mirror and bouncing back. See reflective media and reflective LCD. of Tigris' Total Spend Analysis (TSA TSA See tax-sheltered annuity (TSA). ) solution which, to date, the firm has provided to more than 100 Fortune 1000 companies, covering over $250 billion in spend. Cadbury Schweppes' selection of Tigris was the culmination of a rigorous competitive process. Cadbury Schweppes, a long-time Tigris client, is developing its spend management system to deliver consolidated spend information which will enable the company to understand and leverage its spending on a regional and global basis. The spend information that the Tigris solution will provide will facilitate cost reductions on external purchases, enforcement of compliance with preferred suppliers, improvement in supplier performance, and greater operational insight. The Tigris solution is also easily scalable in terms of both integrating new systems as well as business expansion - an essential requirement for a dynamic organization like Cadbury Schweppes. Unlike many supply chain implementations, once the spend management system is complete, Tigris will train Cadbury Schweppes staff and leave the solution to Cadbury Schweppes for administration on an ongoing basis. "We are extremely excited about how the Tigris spend management system will help enable the transformation of Cadbury Schweppes from a procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. perspective," said Cadbury Schweppes' Bill Reitz, vendor-to-pay process director. "We're a global company, and we need a global view of our data to make better strategic procurement decisions. Consolidating our data will also facilitate our journey towards standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. data and processes." Tigris TSA clients typically realize an average of 8-12% savings on the purchase cost of goods within the first twelve months of implementation. Compliance typically improves by more than 50% for indirect categories. New item level categorization features and the assignment of UNSPSC UNSPSC Universal Standard Products and Services Classification UNSPSC United Nations Standard Products and Services Code codes enable TSA clients to achieve unmatched spend visibility and further secure Tigris' leading position among spend analysis solution providers. Recent TSA clients include Bayer, Blyth Industries, Bristol Myers-Squibb, Deutsche Post Deutsche Post AG (ISIN: DE0005552004, LSE: DPO) is a German post, logistics and courier headquartered in Bonn, previously the German state-owned mail monopoly. It has 520,000 employees in more than 220 countries and territories worldwide and generated revenue of € 60. , Heinz, Hershey, Kennametal, Unilever and Unisource, among others. "We are very pleased to be working with a forward-thinking organization like Cadbury Schweppes on their spend management initiative," said Brent Habig, chief executive officer of Tigris. "It gets at the heart of the message behind Tigris TSA - spend visibility is absolutely crucial. Without it, companies are leaving money on the table and missing out on new opportunities. To address these issues, global corporations like Cadbury Schweppes can depend on Tigris as an experienced partner that can use its deep sourcing expertise and technology skill to develop and implement practical and customized total spend analysis solutions." About Tigris Consulting Tigris Consulting is a specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. strategic sourcing and supply chain management consultancy that helps companies harness the power of their data and information to make better business decisions, resulting in reduced costs and improved operating performance. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Tigris has approximately 100 employees in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago, and London. Tigris provides its business solutions to many Fortune 500 companies and other established organizations. Its clients include A.T. Kearney, Bristol Myers-Squibb, Georgia-Pacific, Nabisco, New York Life, Pharmacia, Procter & Gamble, Scholastic, Sears and Unilever, among many others. Tigris has been recognized by Deloitte & Touche as both the second-fastest growing technology company and the fastest growing self-funded technology company in New York, and ranked on the 2002 Inc 500. More information about Tigris can be found at www.tigris.com. About Cadbury Schweppes Cadbury Schweppes is a major global company that manufactures, markets and distributes branded beverages and confectionery confectionery, delicacies or sweetmeats that have sugar as a principal ingredient, combined with coloring matter and flavoring and often with fruit or nuts. In the United States it is usually called candy, in Great Britain, sweets or boiled sweets. products around the world. With origins stretching back over 200 years, today Cadbury Schweppes' products - which include brands such as Cadbury, Schweppes, Dr Pepper, Snapple, Trebor and Bassett - are enjoyed in nearly 200 countries across the world. With the acquisition of Adams and its brands - Halls, Trident, Dentyne and Bubbas bubblegum bub·ble·gum n. also bubble gum 1. Chewing gum that can be blown into bubbles. 2. Slang A style of popular music designed to appeal to adolescents, characterized by bouncy rhythms and a generally cheerful tone. range - the group now employs around 55,000 people and is the world's largest confectionery company. It is also number one in sugar and functional confectionery, a strong number two in gum and the world's third largest soft drinks company. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion