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Company recognized as “go to vendor” by FAO Today Magazine
SUNNYVALE, Calif., October 17, 2006 - Ariba,® Inc. (Nasdaq: ARBA), the leading spend management solutions provider, today announced that it has been named among the top 10 providers of procurement outsourcing services by FAO Today Magazine.
"As more companies look for ways to cut costs, procurement outsourcing is becoming one of the best options," said Andy Teng, Editor-in-Chief, FAO Today. "In helping financial executives understand how they can leverage this trend to improve their bottom lines, we have compiled a list of go to vendors who can manage multiple phases of purchasing for different spend categories and deliver results."
A unique combination of industry-leading technology, deep commodity expertise and tailored spend management services, Ariba’s Managed Procurement Services provide the resources, expertise and infrastructure needed to effectively manage spend across all categories and reduce total costs. Ariba provides end-to-end management of direct and indirect categories and services from spend analysis, category sourcing, supplier negotiations and spend compliance to requisition management, invoice services, catalog and supplier enablement, procurement help desk and application hosting. A number of the world’s leading companies use Ariba to manage all or part of their spend, including Lucent Technologies, V&M Star, Altran and Harris Corporation.
"Most procurement organizations lack the resources to actively manage all spend categories, and as a result, substantial savings are often left on the table," said Shahriar Broumand, vice president and general manager, Ariba Managed Procurement Services. "Outsourcing procurement is a viable way for companies to capture some of these savings and drive them to the bottom line. We are pleased that FAO Today recognizes the value of procurement outsourcing services and honored to be recognized as a leading provider."
To learn more about Ariba’s Managed Procurement Services, please visit: www.ariba.com/solutions/man_serv_overview.cfm
Source : Ariba, Inc.
