Procuri Expands Capabilities Of Its Supplier Management Solution, TotalSupplier

Procuri, the leading global provider of On Demand Supply Management solutions, recently announced new enhancements to Procuri TotalSupplier, the industry-leading On Demand supplier management solution.

Building on the robust and comprehensive capabilities of previous versions, the new release features enhanced scorecarding, risk management, multi-tier supply chain performance and diversity management capabilities. The new features are designed to help enterprises better manage supplier performance, risk and compliance, as well as provide continuous improvement initiatives across increasingly global and complex supply chains.

"Globalization presents new opportunities and risks for supply managers," said Jodi Wearn, director of product management, Procuri. "The advanced features in the latest release of TotalSupplier give supply managers a timely and holistic view of supplier capabilities, interactions, and performance across multi-tier supply chains. It also provides the decision support tools necessary to make informed sourcing, improvement and supplier development decisions to quickly mitigate risks, correct issues and drive continuous improvement."

Proactively Monitor and Manage Supply Chain Intelligence, Risks and Performance

Sustaining and continuously improving the value of the supply base requires constant measurement, analysis and management of supplier performance. With Procuri TotalSupplier, enterprises of all geographies, industries and sizes can streamline and improve supplier registration, information management, performance measurement, corrective action and improvement plan management.

TotalSupplier is a comprehensive and integrated supplier management solution and includes the following functionality:

• A Web-based portal to enable suppliers to self-register and manage critical profile and certification information – which enables buyers to quickly assess supplier capabilities.
• Advanced performance measurement capabilities - automates the collection and scoring of quantitative (e.g., delivery, quality) and qualitative (e.g., responsiveness, service levels) performance measures, arming supply managers with an ongoing balanced scorecard of supplier performance.
• Corrective action and improvement plan management capabilities - allows buyers and suppliers to collaboratively define and track performance improvement and waste-reduction programs.

As with all Procuri solutions, TotalSupplier is available as a fully Web-based, Software as a Service (SaaS) offering, eliminating the need for buyers and suppliers to install or maintain costly software or hardware.

Procuri TotalSupplier Enhancements Meet Global Market Demands

Industry research and Procuri customer feedback validate that these expanded features support the growing requirements of today's increasingly global and complex supply chains. For example, AberdeenGroup's latest benchmark of the supplier performance and risk management strategies of over 210 companies finds that the large majority of supply managers expect to experience increased supply risks and shortages over the next three years. To combat this, Aberdeen recommends that companies "implement a supplier performance and risk management technology layer across all business processes to ensure corrective and mitigating actions identified by program objectives are taken and utilize tools to mitigate supply risk and limit financial impact of disruptions."1

Procuri customers report that Procuri TotalSupplier helps address these issues. "Supplier management is a key strategic initiative for us," said Chris Herbst, supply chain program manager, Constellation Brands. "With Procuri's help, we've been able to gain stakeholder involvement and a 360 degree view of supplier relationships. We now have historical performance documented and scorecards completed regionally and globally - giving us a common ground for supplier management excellence." To learn more about Procuri TotalSupplier and Constellation Brands' supplier management program and experiences, download Procuri's recent webinar, Jumpstarting a Supplier Management Program available at wwwprocuri.com/knowledgecenter/webseminars.asp. To receive a free copy of Aberdeen's latest report on supplier risk, titled "Supply Risk Increasing While Market Stands Still," visit www.procuri.com/knowledgecenter/whitepapers.asp?display =whitepaper_12&ILC-hpt&prog=whitepaper_12 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

About Procuri Empower 2007
Procuri Empower 2007, the industry's leading conference for global supply management executives and thought leaders, will be held October 8-10, 2007 at the InterContinental Hotel Buckhead in Atlanta. High profile keynotes and world-class supply management practitioners will address globalization's effect on supply management and how companies can optimize supply costs, performance, and risks in the global economy. The conference will provide attendees with a unique educational platform to learn about new solution developments, discuss common issues and build mutually profitable relationships. Speakers include executives from salesforce.com, International Association for Contract and Commercial Management (IACCM), National City Corp, Federal Signal, Toyota Financial Services and Purchasing Magazine. For more information or to attend Procuri Empower 2007, please visit www.procuri.com/empower or contact empower@procuri.com.

About Procuri Inc.
Procuri leads the On Demand Supply Management industry with more than 350 customers of all sizes, industries, geographies and spend categories. Customers include Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, The McGraw-Hill Companies, Newell Rubbermaid, Sun Microsystems and Toyota Motor Sales. Procuri's On Demand solutions for spend analysis, supplier management, strategic sourcing, contract management and compliance are comprehensive, cost effective and instantly available. For more information, call 1-877-360-1600 or visit www.procuri.com.

SOURCE: Procuri