New software release features enhanced analytics, supplier-ranking capabilities
SAS Institute, the leader in business intelligence, has announced the release of its latest enhancements to the SAS(r) Solution for Supplier Relationship Management (SRM). Release 2.2 includes powerful new supplier ranking capabilities as well as enhanced spend analysis and scorecarding to help companies make the most of their supplier relationships.
The new release of the SAS SRM solution delivers intelligence on suppliers and procurement activities, helping organisations effectively manage relationships with their suppliers and achieve substantial savings in the process.
"Companies need to understand their supplier landscape in order to make improved purchasing decisions, negotiate better contracts and, overall, to realise significant cost savings," said Jennifer Major, SAS' UK programme manager for SRM. "That's what SRM is all about. The new supplier ranking capabilities, built on our leading analytics, extend our offering and enable our customers to reduce overall spend, mitigate supplier risk and improve their bottom lines."
"With SRM, organisations can collect, analyse and use all aspects of their supplier data and purchasing history to create an accurate overview of total spending," said Karen Peterson, research director at Gartner. "They can also rank their supplier base, match their business objectives with individual supplier performance, identify areas for cost consolidation, and predict optimal procurement strategies."
Built on the flexible and open SAS Intelligence Architecture, the new release of SAS' fully Web-enabled solution offers several new capabilities:
* Rating and ranking supplier performance - SRM Ranking provides insights on supplier performance, quality and spending patterns so organisations can determine which supplier relationships are strategic and which are not.
By rating and ranking suppliers, senior managers and procurement professionals can better allocate valuable resources to create and maintain supplier relationships that bring the greatest value and profitability to their companies.
* Strategy alignment and scorecarding - The SRM Scorecard allows executives and others within an organisation to select any key performance indicator shown in a procurement dashboard, pull together relevant supplier and purchasing data and perform detailed analysis. Through the SRM Scorecard, senior managers can quickly determine how well the sourcing process is functioning within a department, division or the entire organisation. This helps them align their company's procurement activities with corporate goals, and measure the impact of these activities on specific key performance indicators.
* Enhanced spend analysis - Procurement Vision(tm), the SRM spend-analysis component, features increased security functionality as well enhanced in-depth analysis. With Procurement Vision, purchasing and commodity managers can review summarised supplier and commodity data and then reach through to more detailed data. Resulting findings can be exported to other applications, saved for further investigation, or ranked with the SRM Ranking component.
The SAS Solution for SRM leverages existing purchasing data - data that an organisation can't easily access - and turns it into meaningful information that can be used strategically in procurement activities. The SAS Solution for SRM isn't simply focused on day-to-day purchasing decisions; instead, it provides all levels of management with both strategic and tactical views. The SAS solution helps enterprises collect, analyse and use supplier data and commodity purchasing history to make the most of their supplier relationships.
"Using its strengths in data warehousing and advanced analytics, SAS has created an end-to-end SRM solution that gives us the power to know our supplier base," said Mike Cockrill, vice president of North American supply chain for Aventis CropScience. "With better intelligence about our suppliers and our purchasing operations, we expect to achieve significant savings from improved contract negotiation, better contract compliance, and other critical business drivers."
SAS provides software and services that enable customers to transform data from all areas of their business into intelligence. SAS solutions help organisations make better, more informed decisions and maximise customer, supplier, and organisational relationships. Solutions from SAS, the world's largest privately held software company, are used at more than 37,000 business, government and university sites around the world. Customers include 98 of the Fortune 100 and 90 percent of Fortune 500 companies. For 25 years, SAS has been giving our customers The Power to Know(tm).
For more information, visit http://www.sas.com
For further information, please contact the SAS press office on: tel:+44 (0)20 7544 3202
fax: +44 (0)20 7240 1910 or email@example.com
Please visit SAS' Web site: http://www.sas.com/uk
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.