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Emptoris Beefs up Supply Management Suite with Advanced Sourcing Service
Targets high-value, high-risk categories with new service; also adds to opportunity identification, global contracting functionality
Burlington, MA — April 18, 2007 — Supply management solution provider Emptoris has taken the wraps off a new sourcing service for addressing high-value and high-risk categories of spend, an "opportunity identification" offering to target hidden areas of savings, and updates to its contract management solution to improve governance.
Advanced Sourcing Service
The new Advanced Sourcing Service from Emptoris aims to provide a turn-key solution for addressing categories such as transportation, packaging, print and fleet vehicles, which often involve sourcing of $100 million of dollars or more in a single event.
The savings potential can be enormous for these categories, often in the range of 14-23 percent, but so is the degree of complexity, which comes from hundreds of thousands of bids and the need to optimize millions of data points across hundreds of business constraints from various suppliers and stakeholders.
Emptoris said that the new sourcing service targets these complex sourcing categories with advanced analytics capabilities that let companies rapidly analyze and optimize hundreds of thousands of bids, millions of bid attributes, and hundreds of business constraints, allowing sourcing managers to quickly understand tradeoffs and make the optimal business decisions.
In addition, Emptoris specialists with e-sourcing category expertise can augment and help customers in the sourcing of complex categories, including transportation, packaging, print and fleet vehicles. Event management services being offered include supplier on-boarding and training, large event monitoring services, and post-event analysis and reporting.
Opportunity Identification
The new Opportunity Identification offering aims to help companies extend their spend visibility initiatives, according to Avner Schneur, CEO of Emptoris. "The next wave in spend analysis is pin-point and detailed opportunity identification," Schneur said. "We see companies rapidly adopting this new capability and driving it across their entire sourcing organization."
Capabilities in the new offering include:
Advanced Sourcing Service
The new Advanced Sourcing Service from Emptoris aims to provide a turn-key solution for addressing categories such as transportation, packaging, print and fleet vehicles, which often involve sourcing of $100 million of dollars or more in a single event.
The savings potential can be enormous for these categories, often in the range of 14-23 percent, but so is the degree of complexity, which comes from hundreds of thousands of bids and the need to optimize millions of data points across hundreds of business constraints from various suppliers and stakeholders.
Emptoris said that the new sourcing service targets these complex sourcing categories with advanced analytics capabilities that let companies rapidly analyze and optimize hundreds of thousands of bids, millions of bid attributes, and hundreds of business constraints, allowing sourcing managers to quickly understand tradeoffs and make the optimal business decisions.
In addition, Emptoris specialists with e-sourcing category expertise can augment and help customers in the sourcing of complex categories, including transportation, packaging, print and fleet vehicles. Event management services being offered include supplier on-boarding and training, large event monitoring services, and post-event analysis and reporting.
Opportunity Identification
The new Opportunity Identification offering aims to help companies extend their spend visibility initiatives, according to Avner Schneur, CEO of Emptoris. "The next wave in spend analysis is pin-point and detailed opportunity identification," Schneur said. "We see companies rapidly adopting this new capability and driving it across their entire sourcing organization."
Capabilities in the new offering include:
- Opportunity Identification: Uncovers and prioritizes new areas for savings by allowing the user to pose questions to the Emptoris Spend Analyzer module. These questions can be very simple or quite complex. With the new functionality, a sourcing professional can, for instance, identify high-value vendor rationalization opportunities by asking the system to identify large spend categories with a highly fragmented supply base. The matching opportunities are available for more detailed analysis.
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