QUADREM chief technology officer and vice president Ian Hollingworth will offer a free seminar on procurement best practices during the SMART Supply Chain Technology Show.
Called "Electronic Procurement in 2005: More Results, Less Hype" the seminar will take place at noon on Wednesday, June 1, in Promenade Room 5 of the Sydney Convention Centre.
"This seminar will focus on successful strategies to support production reliability, efficiency and lower costs," said Hollingworth. "We'll also discuss recent research from Aberdeen that cites best practices and recommendations for effective supply chain automation."
According to Aberdeen's "The E-procurement Benchmark Report," enterprises use procurement solutions to manage more requisitions, spend categories and suppliers than ever before. On average, enterprises surveyed reduced:
* Off-contract spending by 64 percent;
* Costs by 7.3 percent on spend brought back onto contract;
* Requisition-to-order cycles by 66 percent; and
* Requisition-to-order costs by 58 percent.
Quadrem's procurement solutions include the largest global supplier network available in Australia of more than 14,000 companies.
The seminar will discuss benefits to both sides of the supply chain. On the buy-side companies cite production reliability as well as $100,000 in savings per month due to efficiencies and ability to meet early payment deadlines.
Suppliers gain cash flow management benefits from the compressed order to payment cycle, as well as new business opportunities and a lower cost of doing business.
Visit www.smartsupplychain.com.au/visitorReg.cfm to register to attend the SMART Supply Chain Technology exhibition and learn more about the free seminars.