RESEARCH TRIANGLE PARK, N.C., July 10, 2018 (GLOBE NEWSWIRE) -- JAGGAER, the world’s largest independent spend management company, today announces the release of the JAGGAER Advantage 18.1 suite, code named Harrier, featuring the industry’s only enterprise level, in-suite category management solution. JAGGAER’s solution provides companies the ability to plan and conduct comprehensive category management activities entirely within the JAGGAER platform, enabling complete category visibility, forecasting, strategic planning, and project management across the entire suite.
According to benchmarking research from the International Institute for Advanced Purchasing*, “lack of embedded and on-line processes/systems to manage categories of spend, and to undertake sourcing strategy development and/or supplier relationship management,” been identified as one of the leading causes of sub-optimal performance in category management and strategic sourcing.
“We developed our solution in conjunction with several of the largest industrial manufacturers in the world, as a direct response to what we collectively identified as a market gap: the ability to conduct strategic category management without leaving the platform or developing customized solutions. We are helping companies undergo a digital transformation that replaces standard practices, like email and excel spreadsheets, with an automation process, creating new efficiencies. JAGGAER is the only company that has made this technology available,” says Zia Zahiri, CTO of JAGGAER.
JAGGAER’s category management tool improves efficiency by enabling comprehensive visibility through the new JAGGAER Category 360 dashboard. The solution provides enterprise commodity managers and procurement specialists with real tools to define a holistic category management strategy across geographically located teams.
For example, when manufacturers are required to purchase specified commodities in and for various locations, JAGGAER’s solution will analyze all buying elements, including contracted rates, preferred vendors, and other variables, to generate the most advantageous opportunity within each region. This ability allows teams to collaboratively determine and manage risks, define strategy levers, assess demand and define methods of cost reduction.
“This is a clear example of new innovative technology that helps our customers solve today’s problems and plan for the future. Our JA 18.1 release completes a platform that is designed as a fully developed enterprise tool. JA 18.1 creates powerful new insights and controls for manufacturers, retailers, healthcare and CPG companies, or any enterprise managing a significant number of resources on a national or global level,” says Rob Bonavito, CEO of JAGGAER.
About JAGGAER: Global Indirect and Direct Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with over 1,900 customers connected to a network of 3.7 million suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia, and the Middle East. JAGGAER offers complete SaaS-based indirect and direct eProcurement solutions with advanced spend analytics, complex sourcing, supplier management, contract lifecycle management, savings tracking, and intelligent workflow capabilities. We have pioneered spend solutions for over two decades and continue to lead the innovation curve by listening to customers and analyzing the market. Our solution suites are trusted by the world’s largest education, manufacturing, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations. Additionally, JAGGAER holds 38 patents–more than any other spend management company. www.JAGGAER.com
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*The Major Causes of Poor Category Management & Strategic Sourcing; Findings from IIAPS Research, Benchmarking & Improvement Methodologies. Author: Paul Ireland. Procurement and Supply Australasia, 2016.
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