SAN FRANCISCO--(BUSINESS WIRE)--Aravo Solutions, Inc., the leading provider of on–demand Supplier Lifecycle Management and B2B information and collaboration solutions, announced that it has sponsored Aberdeen’s new research report, “The Year of the Supplier”, by Constantine G. Limberakis, Senior Global Supply Management Analyst. Aberdeen’s research shows that effective supplier management can lead to a variety of benefits, including increased collaboration, savings to the buyer, and alternative sources of revenue for suppliers over the long term. The report further identifies tools and strategies organizations can use to increase on-time delivery and project completion, and reduce the risk of catastrophic project failure.
“Business demands today are requiring organizations to place more emphasis on improving supplier relationships, sparking increased interest for promoting areas such as supplier information management, compliance, risk and performance,” said Constantine Limberakis, senior research analyst, Aberdeen. “With this in mind, the organizations that can distinguish themselves in these areas will be able to lower their supplier costs, improve supplier relationships, and ultimately translate benefits into a competitive advantage.”
As the supplier’s impact on an organizations potential viability and success is becoming more visible, Aberdeen’s research examines the crucial set of processes that encompass supplier management by exploring the pressures, actions, and capabilities of over 150 organizations surveyed globally between February and March 2011. In particular, Best-in-Class organizations who participated are noted for their ability to leverage supplier relationships by improving supplier visibility, tracking supplier performance and enhancing their ability to avert supplier risks.
In the report’s conclusion, Mr. Limberakis notes that organizations that have not embarked on a supplier management strategy are missing opportunities for identifying cost savings, while perhaps more importantly, ignoring opportunities to benefit from improved brand equity and competitive advantage in the market.
The world's best-run businesses utilize Aravo's SaaS-based Supplier Lifecycle Management (Aravo Enterprise) and B2B information and collaboration (Aravo Assure) solutions to find and manage trading partner relationships, reduce supply chain risk, ensure global regulatory compliance and lower the cost of managing suppliers by up to 72%. General Electric, Johnson & Johnson, Accenture, and Pfizer rely on Aravo to manage information and processes for over 1.5 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, Dallas, Portland and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and the Charles Schwab family. For more information regarding Aravo's award-winning solutions please visit our websites http://www.aravo.com and http://www.aravoassure.com or view our blogs at http://www.2sustain.com and http://atrisk.net.