Through an analysis of past spend, companies can make better-informed sourcing decisions, rationalize supplier relationships for improved service, reduce maverick spending and accelerate savings.

In order to rein in costs, organizations must have a clear view into where they're spending money, how suppliers are performing, and whether procurement and sourcing processes are working. To get such plans in place, Furey recommends the following: 'And this means not just running sourcing projects, but instead, developing a long-range global category plan that can drive more holistic, sustainable supply chain management.' 'Given today's difficult economic climate, companies must not only understand their spend, but the dynamics of global markets and regulatory requirements that may impact their operations,' said Patrick Furey, Director of Global Category Management, Ariba. To help them do this, Ariba, Inc., the leading provider of collaborative business commerce solutions, today announced Ariba Category Management Services, a unique solution delivered in the Ariba Commerce Cloud that provides the technology, capabilities and community needed to effectively manage spend by category on an end-to-end basis. To successfully navigate them, companies need to move beyond tactical sourcing and implement a strategic approach that enables them to identify opportunities for savings and quickly drive them to the bottom line. (BUSINESS WIRE) The global economy is slowly moving toward recovery, yet markets for everything from oil and gas to metal stampings and temporary labor remain volatile and complex.

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