U.S. Businesses Losing $153 Billion through Lax Enforcement of Supplier Contracts, New Aberdeen Group Report Finds

BOSTON--()--June 30, 2003--

  Four-Part Report Identifies Numerous Ways Enterprises Can Squeeze More from their Supply Chain  

Ineffective control and management of supplier contracts cost businesses $153 billion per year in missed savings opportunities, according to Aberdeen Group's just-published Contract Management Benchmark Report.

These findings - as well as specific cost-saving solutions for enterprises to implement - are contained in four reports just published by Aberdeen Group and Penton Media on the subject of Total Cost Management. The reports include The Contract Management Benchmark Report, The Services Supply Chain Benchmark Report, The Supply Chain Planning Benchmark Report, and The Global Sourcing Benchmark Report.

-- The Services Supply Chain Benchmark Report details the immense savings that can be realized from centralizing and automating the procurement of business services, such as printing, contract labor, and information technology (IT) support.

-- The Supply Chain Planning Benchmark Report explains how collaborative automated supply chain solutions can provide more accurate and efficient supply chain planning than the spreadsheet-based methods 88% of enterprises use.

-- The Global Sourcing Benchmark Report examines the need for global sourcing; benchmarks corporate procedures involving offshore suppliers; and identifies strategies for reducing costs, maximizing performance, and mitigating risks across a global supply base.

For more information about the Total Cost Management reports, please visit http://supplychain.aberdeen.com. You may also call (800) 577-7891 to learn how to obtain a copy of this report.

About Aberdeen

An IT market research leader since 1988, Aberdeen Group continues to distinguish itself in a rapidly changing industry. Its forward-thinking research initiatives and positioning services are designed to address specific needs of multiple enterprise technology buyers and supplier organizations.

Aberdeen's vigorous primary research program is based on surveys of targeted IT buyers in more than 25 market segments, providing real-time insights into buying patterns, growth rates and trends. In exchange for participation, a vast array of research is made available online - at no cost - to end users, a process that has proven particularly valuable to small and medium-sized businesses.

Headquartered in Boston, Massachusetts, Aberdeen has research and consulting divisions in Palo Alto, California, and Fort Collins, Colorado. Aberdeen is accessible on the Web at www.aberdeen.com.

About Penton Media

Penton Media is a leading, global, diversified business-to-business media company. Its core purpose is connect and enhance business communities, helping the markets it serves to grow and prosper through value-rich, market leading media products and services. It publishes 54 specialized business magazines, produces more than 50 trade show and conference events throughout the world, and provides a broad range of online media and custom marketing solutions to its customers.

Contacts

Aberdeen Group
Tim A. Minahan, 617/854-5248
tim.minahan@aberdeen.com

Contacts

Aberdeen Group
Tim A. Minahan, 617/854-5248
tim.minahan@aberdeen.com