Procuri and SciQuest Partner to Provide a Comprehensive Integrated and Hosted Supplier Management Solution; Joint Solution Enables Customers to Pick and Choose Modules That Are Highly Configurable to Meet Their Spend Management Goals.ATLANTA & RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C. -- SciQuest, Inc., a leading provider of on-demand supplier management and procurement automation solutions and Procuri, the global leader in On Demand Supply Management solutions, today announced a strategic alliance to deliver highly configurable source-to-settle solutions designed to meet the needs of joint customers. Today's announcement was made at Procuri's Empower 2006 conference being held this week in Atlanta, GA. "Globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation , inflation, and supply scarcity have put supply management improvements atop the corporate agenda," said Tim Minahan, senior vice president of marketing at Procuri. "Procurement executives are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. technology and services to quickly counter these pressures. This joint partnership combines two best-of-breed offerings to create a fully end-to-end procurement and supply management solution to control supply costs and risks. The Procuri-SciQuest solution is an on-demand model designed to accelerate deployment and results while eliminating the burdens and costs associated with traditional installed software." The integration of these two complementary solutions allows SciQuest customers to benefit from Procuri's best-in-class spend analysis, strategic sourcing, contract management and supplier performance management capabilities. In return, Procuri customers have access to SciQuest's modular suite of e-procurement, supplier management, and materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, solutions. Procuri customers will also be able to leverage SciQuest's Supplier Network (SQSN). "Through SciQuest's solutions, our customers can improve user adoption and productivity of front line requisitioners as well as enhance compliance and supplier management performance," stated Minahan. By taking advantage of the newly-formed partnership, organizations are able to experience quick return on their investments by empowering their personnel with reliable and comprehensive tools that elevate procurement to a more strategic level. "Both technology infrastructures were designed to run as on-demand solutions with a robust and integrated Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality component, ensuring a truly outsourced Software as a Service (SaaS) offering," said Jamie Duke, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at SciQuest. "As a result, customers have the ability to source the entire procurement function to experienced providers who act as a strategic extension of the organization's IT department." This partnership follows on the heels of the announcement earlier this quarter of Procuri and SciQuest's participation in a new global, industry-wide initiative to help companies speed and improve the evaluation and selection of supply management solutions with a series of configurable request for proposal (RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. ) templates (www.supplymanagementrfp.com). Designed to give organizations access to best-practice selection criteria, various approaches based on hundreds of enterprise evaluations, and key considerations from leading supply management consultants, this initiative was the result of collaboration among leading industry associations and providers. "Providing access to RFP templates solidifies our partnership in the eyes of our joint customers as the relationship serves to aid software evaluations and services that help organizations manage the entire supply management lifecycle," said Duke. About Procuri Procuri leads the On Demand Supply Management industry with more than 350 customers of all sizes, industries, geographies and spend categories. Customers include Eastman Kodak, ITT ITT Initial Teacher Training (UK) ITT I Think That ITT Invitation To Tender ITT Individual Time Trial (professional cycling) ITT Intention-To-Treat ITT In This Thread (forums) Industries, KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) Royal Dutch Airlines, The McGraw-Hill Companies, Newell Rubbermaid “Rubbermaid” redirects here. For the Marvel comics character, see Rubbermaid (comics). Newell Rubbermaid (NYSE: NWL) is a global marketer of consumer and commercial products, including such well-known brands as Rubbermaid food storage, home organization, and refuse , Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. and Toyota Motor Sales. Procuri's On Demand solutions for spend analysis, supplier management, strategic sourcing, contract management and compliance are comprehensive, cost effective and instantly available. For more information, call 1-877-360-1600 or visit www.procuri.com. About SciQuest SciQuest provides on-demand supplier enablement and procurement automation solutions that reduce operating costs, drive end-user adoption, bring more spend under management and increase visibility into organization-wide spending. Through SciQuest solutions, organizations gain immediate cost savings and rapid ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Organizations can quickly enable a critical mass of suppliers through the SciQuest Supplier Network (SQSN) and leverage SciQuest Managed Services to fully manage catalog data and order delivery on an ongoing basis, significantly reducing the need for in-house IT and support resources. With an integrated supplier base, organizations can maximize on-contract spending and gain real-time visibility and reporting capabilities throughout the entire order process. In addition to a source-to-settle suite of e-procurement applications, SciQuest also offers supplier and order management modules that seamlessly integrate with existing ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and enterprise financial systems, driving greater return from existing investments. For more information about SciQuest, please visit www.sciquest.com, or call 919.659.2100. SciQuest and SelectSite are registered trademarks of SciQuest, Inc. HigherMarkets is a trademark of SciQuest, Inc. |
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