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Thursday, September 02, 2010
Thursday, September 02, 2010
Latest Procurement News
Posted: Friday, February 12, 2010, 9:46AM
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KNOWLEDGE MANAGEMENT TAGS
"Spend Management"
Crown streamlines corporate spending down under
Two of Australia's leading entertainment venues - Crown Melbourne and Burswood Perth - have embarked on an initiative to optimise procurement and streamline corporate spending.The project centres on Crown's implementation of Ariba Sourcing On Demand and Ariba Contract Management offerings, both of which are delivered via the Software as a Service model.
Justine Henwood, chief financial officer, Crown Melbourne said that the services would help the firm to overhaul its corporate spending strategies: "We are using technology which is powerful and easy to use, flexible and easy to grasp to automate formerly paper-based internal processes, which allows us to be more tactical rather than transactionally focused. And we are already seeing results. The project has quickly identified sourcing savings and will deliver an ROI in the hundreds of per cent."
The project's preliminary phase involved identifying cost-saving opportunities and savings targets. It has allowed Crown to identify savings among its many categories of spend, from cleaning and maintenance services to food and beverage providers, according to Henwood.
"Centralisation of our contracts is crucial to reducing duplication across our business units, achieving greater cost efficiencies, greater transparency and speeding up the time it takes to procure and implement contracts," Henwood added."
"Given the current economic climate, it is imperative for businesses of all sizes to follow Crown's lead and examine their corporate spending strategies," said James McParlane, general manager, Ariba Australia and New Zealand.
"The corporate dollar has to stretch a lot further than it used to, and taking a holistic look at a company's spend is the smart way to reducing behind the scenes business costs."
Picture: Diliff
Procurement Tag - Spend Management
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