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Aravo Reaches Active Suppliers Milestone [Health & Beauty Close - Up]
(Health & Beauty Close - Up Via Acquire Media NewsEdge) Aravo Solutions, Inc., a provider of cloud-based Supplier Lifecycle Management (SLM) and B2B information and collaboration solutions, announced it has surpassed the 1.8 million active suppliers mark using its flagship Aravo Enterprise SLM solution.
Aravo noted it launched a Supplier Information Management (SIM) solution. With global customers including GE and Cisco Systems, Aravo continues to dominate the worldwide market for SIM and now SLM solutions. By transforming their process and technology landscape using Aravo's technology, clients reduce supplier management costs by up to 72 percent, avoid supply chain disruptions by proactively managing supplier risk, and accelerate time-to-market through optimized supplier discovery and performance management.
"This is an important milestone both for Aravo and for our industry at large," said Robert Shecterle, Vice President, Marketing at Aravo. "With over 1.8 million active supplier users, Aravo is by far the largest single repository of supplier information in the industry. We continue to add thousands of suppliers each week, as we release new and innovative products to drive our market leadership."
While many sourcing and procurement technologies focus primarily on driving benefits to large buying organizations, Aravo considers both the buyer and supplier perspectives. In Aravo's core SIM, Risk, Performance and Compliance applications suppliers are provided with a free, easy-to-use, single point of access to interact with buying organizations where they can upload and maintain key profile data, business credentials, compliance information, and data on health/ risk mitigation practices. Aravo's technology then delivers the supplier's data to the systems of record across the buyer's global enterprise, reducing the supplier's administrative and support costs. Suppliers can also use Aravo to pre-register with potential new customers and retain tighter control over their online profile data, resulting in new relationships and revenue.
"Supplier Lifecycle Management is emerging as a central priority for procurement, supply chain, finance and a range of additional functions across companies, as well as for suppliers themselves," says Jason Busch, Managing Director, Azul Partners. "Aravo's significant growth in supplier users suggests that leading edge companies and vendor management organizations are increasingly on- boarding and actively managing even smaller suppliers to create greater risk and compliance visibility. It also shows that leaders in the field are getting closer and closer to the ultimate goal of comprehensive automation and 100 percent documentation of the exchange of information between trading partners across an extended supply base."
More information:
aravo.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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