Leading retailer leverages Ariba on-demand solutions to reduce costs, increase competitive advantage
SUNNYVALE, Calif. - December 2, 2008- Ariba, Inc. (NASDAQ: ARBA), the leading spend management solutions provider, today announced that Abercrombie & Fitch (NYSE: ANF), a leading clothing retailer for teens and young adults, has selected its offerings as the platform for a strategic sourcing initiative aimed at increasing competitive advantage and strategically reducing costs. Under the terms of a newly signed agreement, Abercrombie will leverage Ariba® Sourcing™ On-Demand to streamline its sourcing and procurement process in order to generate greater business efficiencies that improve its bottom-line results.
In addition to targeting key areas of spend using Ariba® Sourcing™ On-Demand, Abercrombie & Fitch will be employing this tool to better enable its Global Procurement Project Management process. Abercrombie will use Ariba Sourcing On-Demand to streamline and enhance its sourcing process and generate savings across a wide range of non-merchandise goods and services spend, including: store theming items, construction and owner-supplied materials, IT, print, human resources, and facilities.
A flexible, hosted solution that can be quickly and easily deployed, Ariba Sourcing On-Demand combines the technology, expertise and services needed to create effective markets for direct materials and indirect goods and services with best practice processes that companies can implement to improve the efficiency and effectiveness of their operations.
“As the economy continues to tighten, the costs of many goods and services can’t be controlled, but there are plenty of categories in which savings can be had,” said Kris Colby, Director Spend Management Services and Retail Sector Lead, Ariba. “In embracing our solutions, Abercrombie can find these opportunities and quickly drive them to the bottom-line.”
About Ariba, Inc.
Ariba, Inc. is the leading provider of on-demand spend management solutions. Our mission is to transform the way companies of all sizes, across all industries, and geographies operate by delivering software, service, and network solutions that enable them to holistically source, contract, procure, pay, manage, and analyze their spend and supplier relationships. Delivered on demand, our enterprise-class offerings empower companies to achieve greater control of their spend and drive continuous improvements in financial and supply chain performance. More than 1,000 companies, including more than half of the companies on the Fortune 500, use Ariba solutions to manage their spend from sourcing and orders through invoicing and payment. For more information, visit www.ariba.com