29.03.2006 13:30:00
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Ariba Expands Low-Cost Country Sourcing Summit Series; Based on Success of Past Events and Demand for Sourcing and Commodity Expertise, Company Plans Additional Summits in Asia and Eastern Europe
"Moving sources of supply offshore can deliver significantrewards. But it carries risks as well," said David Morgenstern,Managing Director, Low-Cost Country Sourcing, Ariba. "Our LCCS Summitsare designed to help companies understand the risks and rewards ofemerging markets and develop strategies that will enable them toachieve their goals."
Through open discussions with companies actively sourcing andmanufacturing in emerging markets, site visits with local suppliers,perspectives from in-country business and trade officials andinteractive presentations from Ariba commodity experts, Ariba's LCCSSummits provide executives and procurement professionals withpractical, actionable information they can use to:
-- Determine the right strategy and business case for low-cost country sourcing
-- Utilize total cost of ownership analysis to ensure lowest costs
-- Establish consistent processes for identifying and developing new suppliers in emerging markets
-- Evaluate and qualify foreign suppliers
-- Create the infrastructure necessary to automate the sourcing negotiation process
-- Coordinate and collaborate on aggregate spend across regions, divisions and sites
The Summits also provide ample opportunities for participants toshare insights and best practices among peers in informal networkingsettings and discuss industry issues and trends with Ariba sourcingand commodity experts.
With more than 400 category specialists and 300 spend managementprofessionals serving companies around the world, Ariba has anextensive understanding of global markets, knowledge of local supplybases, and commodity expertise. And it uses this knowledge to deliverresults, helping companies to manage more than $120 billion in spendand generate over $15 billion in savings each year.
"By sharing our knowledge and experience through our globalseminar series, we can arm companies with the tools they need tounlock the value that emerging markets off and gain the advantage theyneed to compete and win in the global marketplace," Morgenstern said.
For more information on Ariba's Low-Cost Country Sourcingsolutions, please visit: www.ariba.com.
About Ariba, Inc.
Ariba, Inc. is the leading provider of Spend Management solutionsto help companies realize rapid and sustainable bottom line results.Successful companies around the world in every industry use AribaSpend Management software and services. Ariba can be contacted in theU.S. at 1.650.390.1000 or at www.ariba.com.
Copyright (C) 1996 - 2006 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE and SupplyWatch are registeredtrademarks of Ariba, Inc. Ariba Spend Management, Ariba SpendManagement. Find it. Get it. Keep it., Ariba. This is SpendManagement, Ariba Solutions Delivery, Ariba Analysis, Ariba Buyer,Ariba Category Management, Ariba Category Procurement, Ariba ContractCompliance, Ariba Contracts, Ariba Contract Management, Ariba ContractWorkbench, Ariba Data Enrichment, Ariba eForms, Ariba Sourcing, AribaInvoice, Ariba Travel & Expense, Ariba Workforce, Ariba SupplierNetwork, Ariba Supplier Connectivity, Ariba Supplier PerformanceManagement, Ariba PunchOut, Ariba QuickSource, PO-Flip, AribaSettlement and Ariba Spend Management Knowledge Base, Ariba Ready,Ariba Supply Lines, Ariba Supply Manager, and It's Time for SpendManagement are trademarks or service marks of Ariba, Inc. AribaProprietary and Confidential. All rights reserved. Patents pending.All other trademarks are property of their respective owners.
Ariba Safe Harbor
Safe Harbor Statement under the Private Securities LitigationReform Act 1995: Information and announcements in this release involveAriba's expectations, beliefs, hopes, plans, intentions or strategiesregarding the future and are forward-looking statements that involverisks and uncertainties. All forward-looking statements included inthis release are based upon information available to Ariba as of thedate of the release, and we assume no obligation to update any suchforward-looking statements. These statements are not guarantees offuture performance and actual results could differ materially from ourcurrent expectations. Factors that could cause or contribute toAriba's operating and financial results to differ materially from itscurrent expectations include, but are not limited to: delays indevelopment or shipment of new versions of Ariba's products andservices; lack of market acceptance of Ariba's existing or futureproducts or services; inability to continue to develop competitive newproducts and services on a timely basis; introduction of new productsor services by major competitors; the ability to attract and retainqualified employees; difficulties in assimilating acquired companies;long and unpredictable sales cycles and the deferrals of anticipatedorders; declining economic conditions; inability to control costs;changes in the company's pricing or compensation policies; significantfluctuations in our stock price; the outcome of and costs associatedwith pending or potential future regulatory or legal proceedings; theimpact of our acquisitions, including the disruption or loss ofcustomer, business partner, supplier or employee relationships; andthe level of costs and expenses incurred by Ariba as a result of suchtransactions. Factors and risks associated with its business,including a number of the factors and risks described above, arediscussed in Ariba's Form 10-K filed December 7, 2005 and in its Form10-Q filed February 8, 2006.
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