Posted: Tuesday, January 05, 2010, 9:23AM
RELATED NEWS
- Packaging firm wraps up spend management project
10 Mar 10 - UK wasting 'hundreds of millions' on defence procurement
05 Mar 10 - RailCorp on track to 'transform' procurement processes
25 Feb 10 - Banks force UK firms to find finance on credit cards
17 Feb 10 - Analysis: Services spend an antidote to continued economic gloom
16 Feb 10 - IT procurement budgets set to 'soar' in EMEA
16 Feb 10
RELATED ARTICLES
- Roundtable: Business alignment, London
- Roundtable: Marketing spend, New York
- Marketing spend: To retain or not to retain…
- Roundtable: Business travel, Brussels
- Roundtable: Procurement Strategies, New York and London
- Inside View: Let the cull continue
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
= Associate Members Only 
