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News Stories Monday, July 8, 2002   
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Best Buy launches an online procurement system

Best Buy Co. Inc. is rolling out a web-based buying and expense reporting system from Ariba Inc., the companies announced today. Best Buy will use the Book It, Buy It, Expense It program, based on Ariba Spend Management to all 500 stores nationwide.

Called by Ariba “B2E,” the program will enable Best Buy to manage purchases for its headquarters and all retail stores and distribution and service centers with Ariba Buyer and track and reimburse expenses with Ariba Travel & Expense. Ariba says B2E is a single, integrated, web-based solution that supports all required internal and external processes, while integrating with Best Buy's accounting system.

The program allows Best Buy corporate and retail employees access to a one-stop shop for booking travel arrangements through Sabre Holding Corp.’s GetThere LP, an online travel company, as well as for reporting miscellaneous and travel expenses and procuring items such as uniforms, janitorial services, shopping bags, service parts, office supplies, cell phones, and business forms. The Ariba-based system also provides retail-specific capabilities such as real-time budgeting for all of Best Buy's retail stores.

"The B2E program, based upon Ariba Spend Management, helps us manage operational expenses effectively," said Shari Zeise, director of procurement operations and AP expense for Best Buy. "As we continue to deploy and expand B2E with Ariba, we anticipate being able to improve our supply base and better leverage our preferred contracts for increased benefits."

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