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Thursday, September 02, 2010
Thursday, September 02, 2010
Latest Procurement News
Posted: Friday, October 02, 2009, 8:38AM
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KNOWLEDGE MANAGEMENT TAGS
"Technology"
Emptoris unveils new supply and contract management suite
Enterprise supply and contract management software vendor Emptoris has unveiled its Emptoris 8 Supply and Contract Management Solution Suite, which it claims offers improved risk analysis and actionable intelligence capabilities."The economic climate presents a number of challenges, but also presents opportunities. This is a time when companies often reshape their processes and focus on areas within their control. As we adapt to become more efficient, it's important that the strategies we implement be sustainable and lead to a stronger and more competitive company tomorrow," said Vincent Donargo, senior vice president, chief accounting officer and controller with Brightpoint, a firm which uses Emptoris technology.
"Companies that consider spend and contract management as strategic functions are not just gaining savings and efficiencies, but actually gaining a competitive advantage. Companies that have accelerated their adoption of these technologies over the course of the recession are creating a gap between themselves and their competition," added Patrick Quirk, chief executive officer of Emptoris.
According to Quirk, the Emptoris 8 Supply and Contract Management Solution Suite includes more than 250 enhancements in areas including to Emptoris Spend Analysis, Emptoris Sourcing and Emptoris Contract Management. The portfolio is also expanded with the addition of Emptoris Supplier Risk Analysis, which is designed to help companies move from performance monitoring to pro-active risk management, and Emptoris Services Procurement, addressing supply and contract management.
A recently published survey by Emptoris and Supply Chain Management Review found that one in five executives at Global 2000 companies self-described their supplier risk management programmes as "behind the curve" and more than half ( 52 per cent) said their companies were just "keeping apace" with competitors. Only one in 10 (12 per cent) reported being "ahead of the curve" in proactively and aggressively managing risks.
Procurement Tags - Emptoris, Technology
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