PeopleSoft Hosts Executive Supply Management Summit; Customers, Analysts and Academics Convene to Discuss Winning Supply Management Strategies

Business Wire,  April 21, 2004  

Tags: academics, PeopleSoft Inc.

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Business Editors/High-Tech Writers

Leaders in Supply Management Summit 2004

PLEASANTON, Calif.--(BUSINESS WIRE)--April 21, 2004

PeopleSoft, Inc. (Nasdaq:PSFT) today announced that it is hosting its first annual Leaders in Supply Management Summit. At this exclusive two-day conference, global organizations, industry analysts, and academics will discuss leading supply management strategies and innovative procurement practices designed to standardize, automate and control total spend across the enterprise. Attendees will exchange ideas on how organizations can effectively manage 100 percent of total spend, including direct and indirect goods, assets and deliverable and time-based services.

Leading companies and public sector agencies across numerous industries and geographies will attend the Leaders in Supply Management Summit 2004. The following PeopleSoft customers and industry experts will deliver presentations:

-- Greg Shoemaker, vice president of global procurement, HP

-- Ray Slayford, general manager, procurement and financial

operations, Commonwealth Bank of Australia

-- Richard Beers, director of business process architecture,

Corning Incorporated

-- Dr. Joseph R. Carter C.P.M., Avnet professor of supply chain

management and chair, W.P. Carey Business School, Arizona

State University

-- Chris Sawchuk, senior director of procurement and supply

chain, The Hackett Group

-- Industry analyst panel discussion on best practices in supply

management with Tim Minahan of Aberdeen Group, Pierre Mitchell

of AMR Research, David Hope Ross of Gartner, and Carl Lehmann

of META Group

PeopleSoft Supplier Relationship Management (SRM) is the only enterprise software application that enables organizations to manage total spend across the enterprise. AGCO Corporation, a $3.5 billion global manufacturer and distributor of agriculture equipment, recently licensed PeopleSoft SRM to manage its sourcing and purchasing of direct and indirect goods.

"By collaborating with the world's leading experts, AGCO has the opportunity to learn new strategies that will drive greater supply management efficiency and improved cost savings," said Jose Marrero, vice president and chief information officer at AGCO Corporation. "PeopleSoft's event demonstrates the company's commitment to gathering customers' insights and embedding proven best practices into its Supplier Relationship Management solution."

"To maximize profits, manufacturers and service organizations must control and reduce spending for all categories of goods, materials, and services," said Tim Minahan, vice president of supply chain research, Aberdeen Group. "Companies that embrace thought leading principles on global total spend management will gain spend control that can directly impact the bottom line. We look forward to participating in this impressive PeopleSoft event."

"Bringing our customers and industry experts together in this type of forum provides an invaluable opportunity to share best practices and discuss new ideas," said Patrick D. Quirk, general manager and group vice president of PeopleSoft's Supply Chain Management division. "Attendees will walk away with innovative strategies on how to address the increasing complexity of global procurement, sourcing and supply management."

The two-day conference is being held April 21st and April 22nd.

About PeopleSoft Supplier Relationship Management

PeopleSoft Supplier Relationship Management (SRM) is the only enterprise software application that enables organizations to manage 100 percent of corporate spend. The solution seamlessly integrates the complete source-to-settle process -- from determining the best supplier, to receiving shipments, closing financial settlement, and continually analyzing performance. In addition, the solution enables lean procurement practices for demand driven manufacturers. PeopleSoft SRM has industry-specific functionality for the financial services, healthcare, education, government, industrial products, consumer products, automotive, distribution, energy, and high technology industries.

About PeopleSoft

PeopleSoft (Nasdaq:PSFT) is the world's second largest provider of enterprise application software with 12,100 customers in more than 25 industries and 150 countries. For more information, visit us at www.peoplesoft.com.

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