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PTT Chemical Standardizes Procurement with Ariba

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  Published in Science and Technology on Wednesday, August 31st 2011 at 5:37 GMT by Market Wire
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SUNNYVALE, Calif.--([ BUSINESS WIRE ])--Within many organizations, procurement is still a largely manual process. But not at PTT Chemical Public Company Ltd., a fully integrated chemical manufacturer whose core products include ethylene, propylene, and polymer resins. Thata™s because the company has implemented solutions from Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative business commerce solutions, to take things online and fuel a competitive, best-in-class process for sourcing goods and services that delivers savings and efficiencies across its operations.

"By implementing Ariba solutions, PTT Chemical is working towards its objectives of standardizing procurement practices and bringing more spend under management"

aProcurement tends to be a time and effort-intensive process, especially for PTT Chemical, where we structured Procurement as a shared-service unit that procured all goods and services upon requisitions from all companies under our Group,a said Khun Wilawan Songjaroen, Vice President of Procurement and Contract Management, PTT Chemical. aBut we realized that by introducing e-procurement, we could standardize our processes, minimize processing time, reduce transaction costs and improve contract compliance.a

To achieve these goals, PTT Chemical has implemented a range of Ariba solutions, including: Ariba^® Sourcing^a", Ariba Contract Managementa" and Ariba Buyera". With Aribaa™s technology in place, PTT Chemical has enabled a standard online sourcing process through which it can more efficiently negotiate best-value agreements and a catalog-based procurement process through which it can drive compliance with them.

In doing so, PTT Chemical has realized the following business benefits:

• A more than 50 percent reduction in purchase request to purchase order cycle time
• Significant cost reduction in cost per transaction
• Improved process standardization and contract compliance

aThrough Aribaa™s technology, we are able to drive more spend through a best practice sourcing process, reach more vendors and create more competition,a Khun Wilawan said. The company also has greater visibility into its spend and contracts across categories, which Khun Wilawan says allows it to identify opportunities for savings and adjust its procurement strategy as necessary to drive them to the bottom line.

aBy implementing Ariba solutions, PTT Chemical is working towards its objectives of standardizing procurement practices and bringing more spend under management,a said Sudhir Grover, Regional Group Director, Southeast Asia, Ariba.

About PTT Chemical Public Company Limited

PTT Chemical Public Company Limited (PTT Chemical) is a fully integrated chemical manufacturer. Its core products a" ethylene, propylene, and Polymer Resin a" are supplemented by a number of commercially valuable by-products that figure in the production of a wide range of downstream petrochemical products. PTT Chemical is set to play a vital role in spurring Thailanda™s industrial and economic growth and in raising the quality of Thai peoplea™s lives.

About Ariba, Inc.

Ariba, Inc. is the leading provider of collaborative business commerce solutions. Ariba combines industry-leading technology with the world's largest web-based trading community to help companies discover, connect and collaborate with a global network of partners a" all in a cloud-based environment. Using the Ariba^® Commerce Cloud, businesses of all sizes can buy, sell and manage cash more efficiently and effectively. Over 500,000 companies around the globe use the AribaCommerce Cloud to simplify inter-enterprise commerce and enhance results. Why not join them? To get on the path to Better Commerce visit: [ www.ariba.com/commercecloud/ ]

Copyright © 1996 a" 2011 Ariba, Inc.

Ariba, the Ariba logo, AribaLIVE, Ariba.com, Ariba.com Network, Ariba Spend Management. Find it. Get it. Keep it. and PO-Flip are registered trademarks of Ariba, Inc. Ariba Procure-to-Pay, Ariba Buyer, Ariba eForms, Ariba PunchOut, Ariba Services Procurement, Ariba Travel and Expense, Ariba Procure-to-Order, Ariba Procurement Content, Ariba Sourcing, Ariba Savings and Pipeline Tracking, Ariba Category Management, Ariba Category Playbooks, Ariba StartSourcing, Ariba Spend Visibility, Ariba Analysis, Ariba Data Enrichment, Ariba Contract Management, Ariba Contract Compliance, Ariba Electronic Signatures, Ariba StartContracts, Ariba Invoice Management, Ariba Payment Management, Ariba Working Capital Management, Ariba Settlement, Ariba Supplier Information and Performance Management, Ariba Supplier Information Management, Ariba Discovery, Ariba Invoice Automation, Ariba PO Automation, Ariba Express Content, Ariba Ready, and Ariba LIVE are trademarks or service marks of Ariba, Inc. All other brand or product names may be trademarks or registered trademarks of their respective companies or organizations in the United States and/or other countries.

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Safe Harbor Statement under the Private Securities Litigation Reform Act 1995: Information and announcements in this release involve Ariba's expectations, beliefs, hopes, plans, intentions or strategies regarding the future and are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Ariba as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to Ariba's operating and financial results to differ materially from current expectations include, but are not limited to: the impact of the credit crises on Aribaa™s results of operations and financial condition; delays in development or shipment of new versions of Ariba's products and services; lack of market acceptance of Ariba's existing or future products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; the impact of any acquisitions, including difficulties with the integration process or the realization of benefits of a transaction; the impact of our disposition, including the potential disruption of our ongoing business; the ability to attract and retain qualified employees; long and unpredictable sales cycles and the deferrals of anticipated orders; declining economic conditions, including the impact of a recession; inability to control costs; changes in the company's pricing or compensation policies; significant fluctuations in our stock price; the outcome of and costs associated with pending or potential future regulatory or legal proceedings; the impact of our acquisitions and dispositions, including the disruption or loss of customer, business partner, supplier or employee relationships; and the level of costs and expenses incurred by Ariba as a result of such transactions. Factors and risks associated with its business, including a number of the factors and risks described above, are discussed in Ariba's Form 10-Q filed with the SEC on August 5, 2011.