| IBM Completes Acquisition of Emptoris to Expand Smarter Commerce Initiative |
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02/02/2012 03:42 (111 Day 23:12 minutes ago) | |||||
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The FINANCIAL -- IBM announced it has completed its acquisition of Emptoris Inc., according to IBM. The acquisition expands IBM's cloud-based analytics offerings that provide supply chain intelligence leading to better inventory management and cost efficiencies.
Emptoris solutions bring more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce. Smarter Commerce helps organizations that are struggling to meet the demands of a rapidly changing market.
The acceleration in online connectivity and speed, combined with the explosion of information and unprecedented access to it, is reshaping globally interconnected commerce systems. This new digital marketplace requires companies to respond rapidly to customer demands by automating their buying, marketing, selling and service processes.
With this acquisition, IBM builds on its capabilities in the procurement aspect of Smarter Commerce and extends it to a new line of c-suite executives – chief procurement officers. Procurement and sourcing professionals increasingly need better supplier management, spend analysis and contract management solutions to lower sourcing costs and risks. Emptoris is a leader in delivering these benefits by automating vendor selection, negotiation, management and compliance.
They also complement IBM's Supply Chain Management Business Process Outsourcing capabilities, a services offering available to clients through IBM Global Process Services. Emptoris technology combined with IBM GPS BPO capabilities help accelerate cost savings and speed to benefit.
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