BURLINGTON, Mass., May
24, 2004 – Emptoris,
Inc. (www.emptoris.com), the leading provider of Enterprise Supply
Management solutions for Global 5000 companies, today announced
the availability of Emptoris 5, the latest version of the company’s
flagship suite. By integrating spend analysis, negotiation, supplier
performance management, contract management, decision support
and compliance tracking, Emptoris 5 holistically supports the
end-to-end supply management process from upfront strategy development
through tracking of savings capture. Collectively, Emptoris 5’s
new functionality enables companies to capture greater savings,
enhance supplier performance, drive organization and supply base
compliance, and improve process efficiency and repeatability
across the enterprise.
New modules in version 5 include Category Management, Creative
Negotiation, Supplier Performance Management and Internal Collaboration.
Version 5 also provides significant functional enhancements to
existing software modules.
GlaxoSmithKline, a world-leading pharmaceutical
company with sales of $34 billion in 2003, is one of the first
customers to implement version 5. "In the past, we used multiple technology
solutions to manage our supply base," said R. Gregg Brandyberry,
Vice President of Procurement for Global Systems and Operations
at GlaxoSmithKline. "With the deployment of Emptoris 5 we
can bring all activities under one roof. This fully-integrated
platform will allow us to improve the performance of our global
supplier network and ensure real cost savings by driving organization
compliance."
Emptoris 5 Sets the Standard for Enterprise Supply Management
"The first wave of sourcing automation focused on creating
process and market efficiencies," said Tim Minahan, VP of
Supply Chain Research at Aberdeen Group, Inc. "Achieving the
next level of savings will require enterprises to improve visibility
into spending, adopt more intelligent and flexible negotiation
methods, and enhance compliance and performance management capabilities.
Emptoris 5 integrates these capabilities into a single platform
designed to provide enterprises with the tools to maximize and
sustain supply performance and savings."
Emptoris 5 builds upon the company’s industry-leading
optimization-based decision support, full spectrum spend analysis
and highly configurable supplier negotiation capabilities that
automate management of up to 100% of a company’s spend.
Emptoris 5 provides deeper and broader functionality through
new modules, including Category Management, Creative Negotiation,
Supplier Performance Management and Internal Collaboration. In
addition, Emptoris 5 delivers significant functional enhancements
to existing software modules. “Emptoris 5 represents a
landmark release,” said Avner Schneur, president and CEO
of Emptoris. “As market validation for Emptoris 5, we see
leading companies like GlaxoSmithKline adopting our expanded
product footprint to move beyond spend analysis and e-sourcing
to automate broader supplier performance and compliance management
processes. This drives greater and more sustainable savings while
enhancing performance of the supply base.”
New Features in Emptoris 5
ExpenseMap Spend Analysis
ExpenseMap's new features and tighter integration enable enterprises
to quickly turn purchasing intelligence into savings and track
compliance to ensure negotiated savings are captured. New features
enable users to identify untapped savings opportunities automatically,
seamlessly create action plans to capture savings and eliminate
expense creep by tracking non-compliant spend.
Category Management
The Emptoris Category Management Module provides one source for
managing all category-based sourcing and supply management
processes and knowledge. This ensures category managers gain
greater visibility and control, collaborate more effectively
and re-use knowledge. The Category Management Module provides
quick access to category-specific total spend, best practice
documentation, internal expertise, requirements and specifications,
approved vendors, negotiated pricing and contract terms. With
this new module, category managers improve compliance and lower
costs by driving supplier and contract re-use across the organization.
Creative Negotiation
Emptoris exposes the power of optimization to suppliers in the
Creative Negotiation Module, helping procurement organizations
capture additional total cost savings by taking advantage of
supplier innovation. With this patent-pending supplier-side
optimization-based bidding capability, suppliers drive innovation
and creativity into the negotiation when responding to buyer
requirements on a total cost of ownership basis. This creates
win-win relationships by identifying lower total cost awards
for buyers and awarding innovative suppliers with more business.
Supplier Performance Management
The Emptoris Supplier Performance Management Module centralizes
the management of supplier performance information for evaluation,
compliance monitoring, tactical buying, problem identification
and improvement programs. This enhances business performance
and maximizes savings by automating supplier performance measurement
and providing supplier performance information where it is
needed, when it is needed. With this module, enterprises obtain
a holistic view of the hard and soft costs of working with
suppliers, identify high performing suppliers and lower the
total cost of ownership by leveraging supplier performance
to enhance sourcing, buying and supplier improvement programs.
Internal Collaboration
The Emptoris Internal Collaboration Module enables users to quickly
capture and aggregate internal requirements prior to sourcing
events and collect qualitative supplier performance metrics
from stakeholders through solicited and unsolicited feedback.
The Internal Collaboration Module streamlines the process and
increases visibility into internal needs and supplier performance
by collaboratively identifying and collecting sourcing requirements
and qualitative supplier feedback.
Pricing & Availability
Emptoris 5 is available immediately. For more information, please
call 781-993-9212.
About Emptoris
Emptoris is a provider of powerful enterprise supply management
solutions for Global 5000 companies. Through Emptoris 5, a
suite of Web-based supply management solutions, enterprises
are able to drive millions of dollars in bottom-line savings,
execute savings initiatives faster, and improve the productivity
of their procurement and supply management teams. Emptoris
customers include American Express, Boeing, Cigna, Fleet Financial
Corporation, GlaxoSmithKline, Keyspan, Motorola, Owens Corning
and Samsung America. Emptoris, a privately held company, is
headquartered in Burlington, Massachusetts.
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