Manufacturing Industry
Sourcing vendors say acquisitions aim at one-stop data cleansing and analysis.(SPEND MANAGEMENT)
Manufacturing Business Technology, September, 2005 by Wheatley, Malcolm
Materials procurement was supposed to be among the first business processes to be transformed by the Internet. Vendors even created a catchy name--strategic sourcing--for what was billed as a revolutionary method of cutting procurement costs. Yet while Internet-based business processes have become commonplace, most industry experts argue that strategic sourcing has not fulfilled its early promise.
Recent acquisitions within the sourcing space could change that. Two prime examples are Ariba's purchase of Softface, and the purchase of Intigma by Emptoris, These deals are expected to make it easier for companies to thoroughly analyze overall spending before launching strategic sourcing initiatives. As Pierre Mitchell, head of the e-procurement practice...
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