Software provides spend management solution.January 20, 2005 - IRIS Shouldbe Cost™ provides solution for computing in-context, real-time cost in order to realize hard savings in global procurement spend by driving inefficiencies out of supply chain. Deployed in global procurement environments, it promotes efficiency in manufacturing enterprises for spend management of non-value added costs, such as storage and shipping, hidden in supply chain.
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Original Press release
Aankhen Inc.
1735 N First St #306
San Jose, CA, 95112
USA
Aankhen Inc. Announces "Shouldbe Cost™'" Innovation - a First in Global Procurement Management
Global Procurement Transformation Initiatives Get a Boost in Real Savings from Aankhen Inc.'s IRIS Shouldbe Cost(TM) Solution
SAN JOSE, Calif., Oct. 19 -- Aankhen Inc. (http://www.aankhen.com), the leader in next generation Global Procurement Management (GPM) solutions, today announced another first in the manufacturing industry delivering a fundamentally new concept -- 'Shouldbe Cost(TM)' to realize hard savings in global procurement spend. Computing 'Shouldbe Cost(TM)' in-context, in real-time before and during pricing negotiations enables accurate pricing decisions based on 'one truth' and eliminate 'versions of truth.' Aankhen's breakthrough innovation leverages people, process and technology to raise the bar in global procurement best practices.
The IRIS Shouldbe Cost(TM) software is a proven solution deployed in global procurement environments enabling manufacturing enterprises to become more efficient in spend management of embedded costs hidden in the supply chain. Embedded costs in global sourcing such as freight and storage are non-value add costs. Reducing embedded costs creates win-win savings opportunities for all supply chain partners and customers while delivering more value per dollar spent. Integrating embedded cost management in context of total negotiated cost with suppliers brings new visibility to embedded cost spend and savings opportunities in the industry. Elimination of lengthy negotiation cycles and enabling suppliers to reduce embedded costs creates deeper win-win partnerships driving inefficiencies out of the supply chain.
"Innovation is only as good as its acceptance in the real world. Customer acceptance and validation of IRIS Shouldbe Cost(TM) as the next generation in global procurement cost management confirms the value of the 'Shouldbe Cost(TM)' concept created by Aankhen. We are proud to be part of the solution that is enabling our customers gain rapid competitive advantage," said Subhash Chowdary, CEO of Aankhen Inc.
About Aankhen
Aankhen Inc. is the leader in next generation Global Procurement Management (GPM) solutions. Breakthrough innovative solutions from Aankhen accelerate deployment of enterprise global procurement transformation initiatives to realize hard savings and gain competitive advantage. Aankhen Inc. is a privately held company, headquartered in San Jose, California. For additional information on Aankhen and its products, please visit http://www.aankhen.com
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