Launches new SIMpl methodology service that enables 60-day client ROI
SAN FRANCISCO, CA, April 15, 2009 – Aravo Solutions, Inc., the leading provider of on–demand Supplier Information Management (SIM) software and services, today announced the top risks procurement teams face in 2009 as they manage supplier ecosystems in a down economy. Based on 10 years of industry best practices by Aravo Global Services in supporting a community of over one million buyers and suppliers around the globe, the risks include:
- Reliance on historical assumptions
- Disregarding obvious risks due to outdated data
- Overlooking concealed risks due to lack of supplier knowledge
- Underestimating collaboration and communication needs for managing downstream suppliers
- Limiting risk assessment by relying on too few factors.
Recently, weekly headlines have spotlighted the importance of monitoring supplier risk—from A.T. Kearney’s new study forecasting that half of U.S. automotive suppliers could go bankrupt in 2009, to research from the Chinese Academy of Social Sciences estimating that 100,000 Chinese manufacturing suppliers went out of business in 2008, to Aberdeen Group’s February 2009 survey reporting that 58% of industrial and consumer goods manufacturers across the globe have suffered financial losses from supply chain disruptions over the past year.
The company also announced Aravo SIMpl (Supplier Information Management Project Lifecycle), a faster time-to-ROI methodology developed by Aravo Global Services to help customers see the value of their investment in supply chain technology. Because of its software-as-a-service delivery model, Aravo SIMpl jumpstarts the ability for customers to manage suppliers and enables them to bypass the common risk factors for 2009 to better predict potential supply disruptions and proactively mitigate risks. By utilizing Aravo SIMpl in conjunction with the Aravo SIM SaaS offering, customers can reduce risk by quickly consolidating large amounts of supplier information from multiple, disparate sources – internal and external – classifying data into meaningful categories that can be tracked and managed in near real-time.
Aravo SIMpl: Achieve ROI in as little as sixty days
Aravo SIMpl follows a five-step process that starts with an existing client’s supplier business processes and quickly optimizes and enhances them. Many consulting methodologies take months to implement, but by aligning Aravo SIMpl with the Aravo SIM SaaS offering, the new service offers an iterative process that is interactive with customers. This type of iteration allows customers to see their business processes modeled in real time – within two weeks – eliminating surprises and ensuring immediate alignment with project goals. As a result, Aravo customers are seeing ROI from their SIM implementations in as little as sixty days, versus six months with typical implementation processes.
“Aravo SIMPL helps our clients move rapidly through the requirement-gathering phase so they can begin seeing the value of their IT investment in Aravo SIM,” said Sig Lackner, Vice President of Aravo Global Services. “Our customers want to gain better visibility over supplier information and reduce supplier risk—needs which are magnified in today’s volatile economic environment. Our goal is to help them leverage industry-proven best practices that are then automated into their business processes. As a result, SIMpl helps them see results in as little as sixty days.”
The world’s best-run businesses utilize Aravo’s Cloud-based Supplier Lifecycle Management solutions and Supplier Risk Services to find and manage trading partner relationships, reduce supply chain risk, ensure global regulatory compliance and lower the cost of managing suppliers by up to 72%. Aravo launched the market’s first SIM/SLM solution in 2004 and has been the leading innovator in the space ever since. Customers such as General Electric, Accenture, and Boston University rely on Aravo to manage information and processes for over 2 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, Dallas, New York, Portland, Monterrey, Mexico and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and others. For more information regarding Aravo’s award-winning solutions please visit our website at https://aravo.com.