Manage the Supplier Enablement Lifecycle
Aravo OnDemand Supplier Enablement allows buying organizations
to capture 5 to 20 percent additional savings per year and
maximize the ROI from their spend management systems. For
each $1 billion of spend under management, Aravo OnDemand
Supplier Enablement delivers between $45 million to $200 million
of additional savings per year.
To realize the targeted savings and productivity gains
from sourcing and spend management initiatives, buying organizations
must treat supplier enablement as a self-sustaining, full
lifecycle process. The supplier enablement lifecycle involves
constituencies within the buying organization, the entire
supplier base, and any third-party service firms assisting
the buyer organization.
Aravo OnDemand Supplier Enablement was built to address
the full supplier lifecycle, from identification and assessment
to enablement and ongoing management. Role-based dashboards
deliver visibility and control over all phases of the supplier
lifecycle, eliminating manual processes, and distributing
work to the right people at the right time, and supports
the complex many-to-many relationships and variations that
invariably exist between buyers and suppliers across geographies,
subsidiaries, or organizational hierarchies. The resulting
acceleration in time-to-enablement and increase in spend
under management allows buying organizations to finally
realize the expected cost savings from their spend management
efforts.