Aravo Leads Supply Chain Roundtable with GE at Procurecon USA 2012
Thomas Hattier, Manager of GE Shared Sourcing Services will Share SIM Best Practices
SAN FRANCISCO, CA, August 13, 2012 — Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) and B2B information and collaboration solutions, today announced that Aravo will be a sponsor of Procurecon USA 2012 in Atlanta, and that Thomas Hattier, Manager, GE Shared Source Services will lead an Aravo sponsored roundtable session: "Taming Supplier Information Complexity: Building A Single Source of Truth Across the Enterprise". The roundtable will explore best practices in creating and managing supplier information in complex IT environments supporting multiple business units.
Supplier relationships are becoming more complex every day. Compound that complexity with multiple sources and uses of critical supplier information: internal transaction systems, 3rd party databases, government agencies, internal and external stakeholders etc., and companies are faced with a constant struggle to deliver accurate, timely and complete information across the enterprise and beyond.
Managing one of the world's most complex supply chains, GE does business with over 750,000 suppliers across thousands of entities. To tame this supplier complexity, GE deployed a SIM software solution that was scalable, quick to implement, highly configurable and easily adopted by users. "We are confident that our decision to implement Aravo SIM was both strategic and cost effective", said Thomas Hattier, Manager, GE Shared Sourcing Services.
"We are thrilled to have Mr. Hattier join us to lead this timely discussion at ProcureCon 2012 where experts from across our industry will gather to share their ideas and best practices," said Robert Shecterle, Vice President of Marketing for Aravo. Mr. Shecterle will also serve as Chairperson for the "Risk Management & Supply Continuity" program track. In addition to providing solution demonstrations, Aravo will also survey attendees on the effectiveness of their current supplier information management programs in mitigating supply chain risk."
Aravo is also giving away ten (10) full conference passes to ProcureCon 2012, October 15-17, in Atlanta (Value $2,299). To submit your entry, visit Aravo.com by September 1st.
The world's best-run businesses utilize Aravo's Cloud-based Supplier Lifecycle Management solutions and Supplier Risk Services to find and manage trading partner relationships, reduce supply chain risk, ensure global regulatory compliance and lower the cost of managing suppliers by up to 72%. Aravo launched the market’s first SIM/SLM solution in 2004 and has been the leading innovator in the space ever since. Customers such as General Electric, Accenture, and Boston University rely on Aravo to manage information and processes for over 2 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, Dallas, New York, Portland, Monterrey, Mexico and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and others. For more information regarding Aravo's award-winning solutions please visit our website at http://www.aravo.com.
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In a recent poll of Fortune 1000 executives, 71.4% of respondents expressed that their biggest concern is risk of supplier financial viability. However, despite these concerns, the majority of respondents have active risk management programs in place for less than 20% of their supplier base.
Aravo Supply Chain Risk Poll