Aravo To Host Next Webinar In Its "SLM at Work" Series
Speakers from GE & Industry Blog, Spend Matters, Join Aravo to Discuss How to
Tame Supplier Information Complexity
SAN FRANCISCO, CA, June 12, 2012 — Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) and B2B information and collaboration solutions, will deliver the next in its series of webinars around "SLM at Work" exploring industry research and customer experiences solving SLM challenges. This installment will feature experts from GE and Spend Matters discussing the current state of supplier information management (SIM) technology, and how GE is using SIM to drive down costs and improve efficiency in managing their global supply base.
"In less than five years, supplier management technology has gone from novelty to mainstream," said Thomas Kase, Lead Analyst, Spend Matters, in his recent Compass Research series, Supplier Information Management Technology Fundamentals. "What was previously a set of tools used only in isolation to enable highly targeted initiatives—such as supplier diversity monitoring or eProcurement on-boarding—has rapidly become a core set of procurement and vendor management implements."
As Mr. Kase observes, increasing numbers of Global 2000 companies are finding that an effective SIM strategy and technology solution is essential to driving core SLM business value and ROI. GE is among those who have taken an aggressive approach in establishing a single source of SIM truth within their enterprise. 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, SSS/AP Operations, GE Corporate Initiatives Group.
Join Aravo Solutions and featured speakers Thomas Hattier and Thomas Kase to learn more about the state of SIM technology and how GE is using SIM across its global operations.
Participate to hear how to:
- Create a single "source of truth" for supplier information
- Drive responsibility for data quality and timeliness to suppliers
- Lower supplier management administrative costs
- Automate visibility across global SIM processes
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