Diebold Raises Bar for Spend Management
Share:
SUNNYVALE, CA - June 13, 2006 Ariba®, Inc. (Nasdaq: ARBA), the leading spend management solutions provider, today announced that it has expanded its relationship with Diebold, Incorporated (NYSE: DBD), a global leader in providing integrated self-service delivery and security systems and services. A pioneer in spend management, Diebold is raising the bar for its efforts, targeting reductions of $100 million in its cost structure through 2008. To reach this goal, the company has added Ariba Spend Visibility(TM) and Ariba Category Procurement(TM) to its portfolio of solutions. The company will leverage the offerings, in addition to Ariba Sourcing(TM) and Ariba Consulting Services, which it currently uses to bring more of its spend under management and accelerate its results.
"Diebold recognized the value of spend management early on and invested in solutions that would enable us to drive supply chain efficiency on a global scale," said Michael J. Rager, director, Enterprise Spend Management, Diebold. "Through Ariba's unique blend of technology, commodity expertise and services, we have been able to accelerate and increase the value of procurement to the organization and drive sustainable savings. We will continue to leverage their solutions to build on our success and further speed the pace with which we deliver results."
Diebold launched its initial spend management program in 2000, implementing Ariba Sourcing to streamline its procurement process and enhance its supply base. In 2003, the company launched a low-cost country sourcing project in China to strengthen its supply chain and move closer to its customers. By 2004, similar projects were underway in Europe and India. With the addition of Ariba Spend Visibility and Ariba Category Management, the company can identify additional opportunities for savings across direct and indirect categories and drive process improvements that positively impact its bottom line.
"Diebold embraced spend management when it was still in its infancy, and is now investing in technology, people and processes to fundamentally transform its procurement organization," said Kevin Costello, chief commercial officer, Ariba. "We look forward to supporting Diebold as they take their efforts to the next level, providing innovative solutions that can enable them to achieve their strategic goals."
About Diebold, Inc.
Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 14,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold reported revenue of $2.6 billion in 2005 and is publicly traded on the New York Stock Exchange under the symbol "DBD." For more information, visit the company's Web site at www.diebold.com.
About Ariba, Inc.
Ariba, Inc. is the leading provider of Spend Management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management software and services. Ariba can be contacted in the U.S. at 1.650.390.1000 or at www.ariba.com.
