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Thursday, September 02, 2010
Thursday, September 02, 2010
Latest Procurement News
Posted: Tuesday, January 05, 2010, 9:23AM
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KNOWLEDGE MANAGEMENT TAGS
"Spend Management"
US prescription firm revamps spend management
CVS Caremark, the largest provider of prescriptions in the US, is revamping its spend management processes.The firm has signed an agreement to use Ariba's on-demand offerings to identify opportunities for savings and quickly drive them to the bottom line.
"At CVS Caremark, we continue to look for ways to improve our sourcing and procurement capabilities and drive savings," said Anna Umberto, vice president, strategic procurement, CVS Caremark.
He added that the Ariba's on-demand systems would be used to create a standard, automated process for sourcing from bid to contract, manage content and workflow and ensure compliance with the company's agreements.
CVS Caremark will implement Ariba Sourcing On Demand and Ariba Contract Management systems.
"CVS Caremark is uniquely positioned to effectively manage costs and improve health care outcomes," said Christopher Merchant, managing director, Ariba Spend Management Services.
Procurement Tag - Spend Management
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