Yenra : Manufacturing : E-Procurement Software Solutions : Network of pre-qualified suppliers streamlines the management of external service providers

Buying

ProSavvy, a leader in services e-procurement management, has implemented its Sourcing solution at CIBA Vision of Novartis.

The new application will enable CIBA to streamline all facets of hiring and managing professional service providers. This includes managing suppliers, RFx processes, corporate compliance, analytical reporting and access to The Expert Marketplace, a network of pre-qualified affiliated suppliers, providing a wide range of expertise across vertical markets and geographic regions. These suppliers range in size from sole proprietorships to large consulting firms, with ten of thousands of consultants.

"We selected ProSavvy's solution, not only because of their strategic approach and foresight in providing state-of-the-art procurement resources for the past seven years, but also for its integration capabilities, allowing us to benefit day one from streamlined sourcing," said Gary Arnold, director of CIBA Vision North America Purchasing. "We're able to immediately utilize ProSavvy's tools and services, vendor integration and account management, as well as implementation processes that seamlessly integrate ProSavvy into our current legacy system."

With ProSavvy, CIBA Vision employees are now able to easily and efficiently specify project requirements, develop project templates and identify, evaluate and competitively select the best service provider for their outsourcing needs. ProSavvy also provides the ability to find specialized talent through The Expert Marketplace and/or to integrate current suppliers, allowing for a more effective comparison of suppliers.

"We believe that working with ProSavvy to effectively manage our service-related expenditures, provides an effective means of improving our bottom-line success and competitiveness," said Gary Arnold. "Not only do we expect to realize cycle time reductions and best practices standardized across the organization, we anticipate achieving significant sustainable cost savings."

ProSavvy is dedicated solely to improving procurement processes, streamlining the management of professional services and improving project outcome. According to the Center for Advanced Purchasing Studies, more than half of today's corporate purchasing budget is spent on outside services, and the use of these services is expected to grow at double-digit rates. With just a 5 percent reduction in procurement costs, a typical Fortune 1000 Company can increase profit margins by 50 percent.

ProSavvy enables corporations and business individuals to derive strategic business advantage from managing services e-procurement. ProSavvy's Sourcing solution provides businesses with procurement services and smart technology for managing bidding and selection processes, RFx and milestone tracking, and supplier performance reviews. The technology also enables business individuals, on a project-by-project basis, to easily and efficiently specify project requirements, and to identify, evaluate, and competitively select the best service provider. ProSavvy also provides the ability to find specialized talent through The Expert Marketplace, a network of pre-qualified Affiliated Suppliers, providing a wide range of expertise across vertical markets and geographic regions. Unlike companies offering only software or just services, ProSavvy provides a complete solution, comprised of a mature, robust system complete with deep expertise and services in strategic sourcing and business process management.