Nearly 50% of the biggest Italian fashion companies use JAGGAER technology
RESEARCH TRIANGLE PARK, N.C., Oct. 31, 2018 (GLOBE NEWSWIRE) -- JAGGAER, the world’s largest independent spend management company, announces that many of the world’s most recognizable and valuable fashion, luxury and beauty brands, including Louis Vuitton, OTB (Only The Brave), Moncler, Geox and OVS, utilize JAGGAER’s Source-to-Pay spend management solutions for their purchasing and procurement needs.
Nearly 30 of the world’s top global luxury brands, from the US, Italy, the UK, France, Spain, Hong Kong and the UAE rely on JAGGAER. The list includes 50% of the largest and most renowned Italian fashion companies, including one of the top five brands identified in the 2017 Deloitte “Global Powers of Luxury Goods Report.”
JAGGAER’s vertically focused spend management solutions were designed with input from the industry and reflect specialized features that create efficiencies and help companies find value in their supply chains. Using JAGGAER technology, luxury brand customers have enabled and normalized over 21,000 industry suppliers, managed over 5700 contract negotiations, and typically analyze over 15 billion euros in yearly annual spend.
JAGGAER’s vertical spend management solutions are trusted by luxury brands because of industry specific functions and features:
Risk management, compliance, supplier audit and performance evaluation: The increasingly global and variegated fashion companies’ supply chains, from local craftsman to worldwide suppliers, require strong and structured governance.
Native integration with info-providers tools and databases: Fashion procurement teams require fast and easy access to certified supplier information, including financial, sustainability and reputation data.
Collaborative management of the entire Source-To-Pay cycle: Fashion companies have strongly delocalized business units and production plants, requiring powerful collaborative tools.
“We implemented the JAGGAER platform to support OTB Group’s international growth, encouraging the development of a corporate identity. Introducing a digital procurement processes means implementing the same procedures and applying the same rules in all countries. It’s a bit like talking the same language and identifying with a shared group culture,” says Marco Ottelli, Group controller, Facility e-indirect purchase officer of OTB (Only The Brave): an international fashion group consisting of iconic brands Diesel, Maison Margiela, Viktor & Rolf, Marni, and Paula Cademartori.
“JAGGAER has invested in understanding the luxury vertical, and our expertise grows with every new brand and high-end store that takes advantage of our product suite. Our sourcing, contracts and supplier management solutions have been tuned to the nuances of this industry, and our solutions have been validated by the who’s who of the global fashion world,” says Robert Bonavito, CEO, JAGGAER.
About JAGGAER: Global source to pay spend management solutions
JAGGAER is the world’s largest independent spend management company, with 2,000 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 Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking and intelligent workflow capabilities. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and analyzing the market. Our solution suites are trusted by the world’s largest manufacturing, education, 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.
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