Heinz Selects Ariba Spend Management System
Ariba, an Enterprise Spend Management (ESM) solutions provider, announced today that H.J. Heinz Company, a supplier of branded products to customers in the retail grocery and foodservice channels, has selected Ariba Spend Management solutions for its enterprise-wide cost reduction program.
Heinz will use Ariba Buyer, Analysis, Contracts and Invoice to plan and manage its global spend. The company will use the solutions to help gain visibility into a wide range of spend categories, including services, to improve contract management, ensure purchasing compliance against contracts, and streamline the reconciliation and payment process.
Earlier this year, Heinz’s Chairman, President and CEO William R. Johnson launched Project Delta, which involved an in-depth review of the company’s operations. Significant cost reduction opportunities were identified across every discipline, and procurement was identified as one of five key areas of focus under the project. Heinz hopes to reduce costs through increased purchasing efficiencies and economies of scale cost reductions.
According to George Chappelle, Global CIO, Heinz, “The Ariba Spend Management solutions and their integration to each other, and to our back-end systems, will enable us to manage spend across many categories and to capture valuable spend data for ongoing analysis, reporting and spend management planning.
Heinz will use Ariba Analysis for improved visibility into its current spending habits and to identify opportunities for cost savings. The company will also use the Ariba Buyer procurement solution to ensure that buyers purchase from negotiated contracts. Ariba Contracts will automate and streamline Heinz’s contract management processes, and Ariba Invoice will increase payment efficiencies and accuracy, saving additional time and money.