Illinois Tool Works (ITW), a multinational manufacturer of industrial products and equipment, relies on its global supplier base to produce value-added products along with outstanding customer service. But to maintain its position in the marketplace and gain a competitive advantage, ITW needed to better manage its global sourcing spend, reduce costs, and embed sourcing as a key capability.
ITW’s established a sourcing strategy that made Ariba Discovery postings a key task for all new projects, allowing for standardization and a speedy ramp up. Ariba Discovery has enabled ITW to create robust postings, which encourage suppliers to 'self-select,’ giving their sourcing professionals more time to manage their categories.
ITW has also leveraged Ariba Discovery to build a repository of potential suppliers, eliminating single-source supplier dependencies. In addition to growing their trove of new suppliers, ITW has been able to uncover previously unknown capabilities of existing suppliers; both of which add on to cost savings.
"With Ariba Discovery we can quickly find, qualify and add new suppliers to sourcing events, creating a more competitive environment." said Ashley Moore, e-Sourcing Analyst, ITW.
On March 18, ITW will discuss how it is using Ariba Discovery to enhance its supply base and in turn, reduce both costs and risk, at Ariba LIVE, the business commerce event of the year to be held at The Cosmopolitan of Las Vegas March 17-19. ITW is part of a blue-chip roster of companies set to present at Ariba LIVE. To view additional speakers and breakout session topics, and to register, visit the Ariba LIVE website: http://www.aribalive.com/las-vegas-2014