SAS(r) Solution for SRM drives strategic purchasing Friday 11 May 2001 PDF Print -- Version 2.0 offers enhanced analytics, scorecarding, and portal technologies -- SAS Institute, the market leader in e-intelligence and data warehousing, has announced the release of the latest version of the SAS(r) Solution for Supplier Relationship Management (SRM), Version 2.0. With its enhanced analytic, scorecarding and information-delivery capabilities, Version 2.0 is designed to help organisations effectively manage relationships with all their suppliers, and create substantial savings in the process. "Companies today are truly starting to recognise the value of understanding their supplier landscape," said Jennifer Major, SAS UK's Programme Manager for SRM. "That's what SRM is all about. And SAS, through our SRM solution and partnership with Dun and Bradstreet, has been addressing this need for almost two years. Version 2.0's scorecarding, portals and analytics extend our offering and drive strategic purchasing." Built on the flexible, scalable, and open component-based architecture of SAS software and fully Web-enabled, Version 2.0 of the SAS Solution for SRM provides new capabilities, including: * Strategy alignment and scorecarding - As a critical piece of the SAS Solution for SRM, the procurement scorecard enables companies to quickly determine how well the sourcing process is functioning within a department, division or the entire organisation. This not only helps in aligning procurement activities with corporate goals, but also in measuring the impact that these activities have on specific key performance indicators. * Centrally managed, publish-and-subscribe framework as part of an SRM portal - The use of publish-and-subscribe technology allows IT managers to set up channels of interest and specify whom should have access to it. Information producers can publish information, data and reports directly to a customised SRM portal. * Enhanced data warehousing and analytics - SAS has updated its industry-leading data warehousing technology to include data quality tools and improved capabilities for transforming data into a warehouse. Once the data is properly warehoused, customers can use data mining and other analytics to compare supplier performance, quality and spending patterns in order to rate and rank supplier relationships. "The SAS Solution for Supplier Relationship Management helps organisations compete through enhanced supply chain management," said Major. "Organisations can collect, analyse and use all aspects of their supplier data and purchasing history to create an accurate overview of total spending. They can also rate and rank their supplier base, match their business objectives with individual supplier performance, identify areas for cost consolidation, and predict optimal procurement strategies across traditional and e-channels." Global companies like Schneider Electric -- with hundreds of suppliers and millions of dollars in procurement spending each year -- are using SRM technology to consolidate, classify and analyse purchasing data in order to identify their best suppliers, understand and reduce their procurement spend, and build strategic and profitable supplier relationships. All of these activities can lead to significant savings and return on investment (ROI). For example, consolidating all purchases with a select number of vendors provides tremendous leverage in future negotiations. Depending on the size of the firm, savings that come from knowing more about suppliers before signing or renewing a contract are normally in the range of 5 percent to 15 percent of an organisation's total purchases. This can easily translate to millions of dollars in savings. Notes to Editors What is supplier relationship management? Companies are looking for new, untapped sources of revenue and savings to boost their bottom lines. One possibility: sourcing and purchasing of goods and services. All companies purchase goods and services, whether direct goods like electronic components and machined parts or indirect goods like office supplies and computers. Yet in an environment of mergers and acquisitions, growing mountains of supplier and other data, and disparate computer systems spread around the globe, it is very difficult for organisations to see the big picture of what they're buying and whom they're buying from. Companies are now realising that e-procurement tools - with their focus on optimising transactions and reducing paper processing - deliver a quick but limited return on investment. To achieve true strategic purchasing (and the accompanying significant savings), companies are looking to reduce spending and add value through better supplier relationships, both for direct and indirect (or MRO - maintenance, repair and organisation) spending. About SAS SAS is the world leader in e-intelligence software and services, enabling its customers to turn raw data - including the vast quantity generated by e-business - into usable knowledge. Software from SAS, the world's largest privately held software company, is used at more than 35,000 business, government and university sites in 110 countries. For further information, please contact the team at the SAS press office on: tel:+44 (0)20 7544 3202, fax:+44 (0)20 7240 1910 or e-mail firstname.lastname@example.org For more information on SAS, please visit http://www.sas.com/uk SAS and all other SAS product or service names are registered trademarks or trademarks of SAS in the United States and other countries. (r) indicates USA registration. All other trademarks are the property of their respective owners. Copyright (c) 2001 SAS Institute Inc. Cary, N.C., USA. All rights reserved. This press release was distributed by ResponseSource Press Release Wire on behalf of Golin in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.