Adding up Savings

Casio calculates e-procurement solution will yield streamlined processes, reduced costs

Sunnyvale, CA  September 17, 2002  Casio Computer Company has made the calculation that e-procurement will add up to improved management of its corporate spend.

Casio will use the Japanese version of the Ariba's Buyer solution in a bid to eliminate inefficiencies in its purchasing processes, reduce costs associated with procurement and realize economies of scale.

The company, founded in 1957 and headquartered in Tokyo, estimates that deploying the Ariba solution by 2004 will save it 500 million (or about $4 million) on the procurement of intermediate materials. By aggregating all company spending through one unified system, Casio is looking improve its analysis of purchasing patterns for ongoing materials and supplier optimization.

A large, multi-national corporation such as Casio is well-positioned to reap significant benefits from enterprise spend management and to use it to provide an ongoing competitive edge, said Michael Schmitt, chief marketing officer for Ariba

Casio aims for companywide deployment in 2004, which will include additional research and development sites, branch offices, production facilities and other Casio-affiliated companies.