Science & Technology
Science and Technology
Science and Technology
Wed, September 21, 2011
Tue, September 20, 2011
SUNNYVALE, Calif.--([ BUSINESS WIRE ])--Therea™s strength in numbers. Just ask [ TopSource LLC ], a wholly owned subsidiary of Topco Associates LLC, the largest cooperative buying organization in retail food. Over the last decade, TopSource has sourced more than $3 billion in spend and saved millions in the process, using innovative, cloud-based offerings from Ariba, Inc., (Nasdaq: ARBA) the leading provider of collaborative business commerce solutions to more efficiently and effectively manage its spend and contracts.
"TopSource has conducted auctions for more than a decade in virtually every department in the food retail space and essentially set a new standard for sourcing"
aWe were early adopters of online auctions, and we continue to develop innovative ways to maximize savings and deliver value to our members," said Dave Picarillo, Senior Vice President, TopSource. "The two key components that set TopSource apart are experience and technology. The combination of our team's sourcing and category expertise coupled with Aribaa™s best-in-class technology allows us to effectively streamline the sourcing process based on our customers' requirements.a
Since 2009, TopSource has been using a range of Aribaa™s solutions as its platform for sourcing, including Ariba® Sourcinga" On-Demand and Ariba Contract Managementa". Through Ariba Sourcing, TopSource has created thousands of events that drive an average of nearly 20 percent savings and speed up price negotiations for both food and non-food related products. With Ariba Contract Management, it has been able to collaboratively create and manage best-value contracts across categories and ensure compliance with them.
aTopSource has conducted auctions for more than a decade in virtually every department in the food retail space and essentially set a new standard for sourcing,a said Sundar Kamakshisundaram, Senior Solutions Marketing Manager, Ariba. aBy embracing leading-edge technologies, TopSource is able to fuel an efficient and effective process for negotiating contracts that optimize the purchasing power of its member organizations and deliver savings that positively impact their operations.a
About TopSource
TopSource LLC is a wholly owned subsidiary of Topco Associates LLC, the largest cooperative buying organization in retail food. By applying a structured sourcing process and through spend aggregation, TopSource assists over fifty-five premier grocery, retail and wholesale companies realize significant savings in areas of Not-For-Resale (NFR), often called indirect spend. In addition to providing innovative solutions, TopSource has saved its members and customers an average of 15-20% on an annual basis in business areas such as store equipment, office products/services, packaging, hired services, IT/Telecom, construction, logistics & distribution, marketing, health care, fuel, energy management and sustainability. To learn more about TopSource, visit [ www.topsourcellc.com ]
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 Ariba Commerce 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.
Ariba Safe Harbor
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.
