Red Bank, NJ May 20, 2002 PurchasingNet, Inc., is busy touting its latest happy customer, who just happens to be one of the largest corporations in the world.
According to a recent report, Minneapolis, MN-based General Mills, Inc. is seeing some serious ROI from its implementation of PurchasingNet's PurchasingNet-SQL e-procurement solution. The company's reported benefits include a 25% reduction in maverick buying, a 1-3% reduction in purchase prices, and a 4-8% savings in its overall procurement process.
The PurchasingNet implementation at General Mills took six months and the system interfaces to SAP, EDI translation software and its HostFax system. The PurchasingNet-SQL solution gives General Mills Web-based requisitioning, direct ordering, approval routing and self-service order status inquiries. Overall, Tom Lutz, General Mills eBusiness Leader, says, A good CFO will love PurchasingNet because of the visibility and the information on how much everyone is spending.
General Mills is currently planning to roll-out the PurchasingNet system to more end users.