Published:
Aravo Publishes Top Supplier Information Management Risks Threatening Companies in 2009
(BUSINESS WIRE)
Aravo Solutions, Inc., the leading provider of on-demand Supplier
Information Management (SIM) software and services, today announced the
top risks procurement teams face in 2009 as they manage supplier
ecosystems in a down economy. Based on 10 years of industry best
practices by Aravo Global Services in supporting a community of over one
million buyers and suppliers around the globe, the risks include:
-
Reliance on historical assumptions
-
Disregarding obvious risks due to outdated data
-
Overlooking concealed risks due to lack of supplier knowledge
-
Underestimating collaboration and communication needs for managing
downstream suppliers
-
Limiting risk assessment by relying on too few factors.
For details on how these risk factors are impacting companies today,
please visit www.2sustain.com.
Recently, weekly headlines have spotlighted the importance of monitoring
supplier risk—from A.T. Kearney's new study forecasting that half of
U.S. automotive suppliers could go bankrupt in 2009, to research from
the Chinese Academy of Social Sciences estimating that 100,000 Chinese
manufacturing suppliers went out of business in 2008, to Aberdeen
Group's February 2009 survey reporting that 58% of industrial and
consumer goods manufacturers across the globe have suffered financial
losses from supply chain disruptions over the past year.
The company also announced Aravo SIMpl (Supplier Information Management
Project Lifecycle), a faster time-to-ROI methodology developed by Aravo
Global Services to help customers see the value of their investment in
supply chain technology. Because of its software-as-a-service delivery
model, Aravo SIMpl jumpstarts the ability for customers to manage
suppliers and enables them to bypass the common risk factors for 2009 to
better predict potential supply disruptions and proactively mitigate
risks. By utilizing Aravo SIMpl in conjunction with the Aravo SIM SaaS
offering, customers can reduce risk by quickly consolidating large
amounts of supplier information from multiple, disparate sources -
internal and external - classifying data into meaningful categories that
can be tracked and managed in near real-time.
Aravo SIMpl: Achieve ROI in as little as sixty days
Aravo SIMpl follows a five-step process that starts with an existing
client's supplier business processes and quickly optimizes and enhances
them. Many consulting methodologies take months to implement, but by
aligning Aravo SIMpl with the Aravo SIM SaaS offering, the new service
offers an iterative process that is interactive with customers. This
type of iteration allows customers to see their business processes
modeled in real time - within two weeks - eliminating surprises and
ensuring immediate alignment with project goals. As a result, Aravo
customers are seeing ROI from their SIM implementations in as little as
sixty days, versus six months with typical implementation processes.
"Aravo SIMpl helps our clients move rapidly through the
requirement-gathering phase so they can begin seeing the value of their
IT investment in Aravo SIM," said Sig Lackner, Vice President of Aravo
Global Services. " Our customers want to gain better visibility over
supplier information and reduce supplier risk—needs which are magnified
in today's volatile economic environment. Our goal is to help them
leverage industry-proven best practices that are then automated into
their business processes. As a result, SIMpl helps them see results in
as little as sixty days."
About Aravo Solutions
Founded in 2000, Aravo provides on-demand, SaaS solutions that remove
the cost and complexity of enabling and managing supplier information.
Aravo's flagship product, Aravo SIM, has defined the supplier
information management (SIM) category, and gives enterprises real-time
global views that make efficient supplier engagement more cost effective
and strategic. From supply management to sustainability to risk
management and compliance, Aravo SIM was built to solve today's most
demanding supplier information management challenges while delivering
the flexibility to meet tomorrow's emerging needs. The world's largest
and most complex organizations trust Aravo to manage their global
supplier information. For more information, visit www.aravo.com.
Copyright © 2009, Business Wire, Inc., All rights reserved.
Copyright © 2009, NewsBlaze,
Daily News
Tags: ,Technology,Data Management,Supply Chain Management,Software,Manufacturing,Other Manufacturing,Retail,CA-ARAVO-SOLUTIONS