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 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: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 360� 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� Supplier Management�, companies can gain the most
comprehensive view of supply risk and proactively diagnose 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 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 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� Supplier Risk Assessments�. 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 the potential impact of
supply constraints 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� Supplier Information Management�
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 and contacts.
- Access additional information,
performance ratings, and alternative sources of supply on over
200,000 suppliers through the Ariba Supplier Network�.
- 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 and
measurements
- Labor-intensive data gathering
and rudimentary analysis procedures
With Ariba Supplier Performance Management�, companies can
overcome these challenges and define, measure, aggregate and act
upon the performance metrics 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
- 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, pay, manage, and
analyze their spend and supplier relationships. Delivered on
demand, our enterprise-class offerings empower 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 � 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, Ariba Contract Compliance, Ariba
Contracts, Ariba Contract Management, Ariba Contract Workbench,
Ariba Data Enrichment, 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 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 and/or other
countries.
Ariba Safe Harbor
Safe Harbor Statement under the Private Securities Litigation
Reform Act 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
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
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; 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 filed with the SEC on May 6, 2009.
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