IBM has added another element to its enterprise cloud service menu when it acquired supply chain procurement software provider Emptoris. Terms of the deal were not released.
Emptoris automates the increasingly complex buying, bidding and accounting process for enterprise procurement teams and does it with a global perspective. This includes variances in languages, currency and other cultural factors.
IBM has been on a buying binge lately in the cloud-service sector. Earlier this month, the IT giant annexed DemandTec, which helps retailers set optimal pricing for their products, and Ireland-based Curam Software, which enables welfare and unemployment agencies to manage the programmes they administer.
Twelve-year-old Emptoris has about 350 customers globally from industries that include retail, financial services and health care. It employs about 725 people globally.
The term “complex” is probably an understatement when it comes to the administration of high-end enterprise procurement procedures.
“Companies might run as many as 10,000 to 20,000 auction or purchasing events, in which they put in all their RFQs [requests for quotes] and RFIs [requests for information] out onto the Web,” president and CEO Patrick Quirk told eWEEK. “They have their suppliers around the world answer those RFPs [requests for proposals] and provide pricing information.
“These can be very complicated; sometimes they may have 10,000 line items – including legal, contract, business terms, you name it. We supply optimisers to help determine the best suppliers to buy from, how to spread your risk, how to buy from multiple countries, then award those bids and track them digitally in contracts.”
Emptoris is a way to buy globally but act locally when procuring items, Quirk said. “For most companies, that’s 50 percent of their cost, for their supply base,” Quirk said. “So managing that supply base is extremely important.”
IBM said the acquisition is expected to close in Q1 2012.
All Cybertrucks manufactured between November 2023 and February 2025 recalled over trim that can fall…
As Musk guts US federal agencies, SEC issues summons over Elon's failure to disclose ownership…
Moonshot project Taara spun out of Google, uses lasers and not satellites to provide internet…
Pebble creator launches two new PebbleOS-based smartwatches with 30-day battery life, e-ink screens after OS…
Amazon loses appeal in Luxembourg's administrative court over 746m euro GDPR fine related to use…
Nvidia, xAI to participate in project backed by BlackRock, Microsoft to invest $100bn in AI…
View Comments
[ Begging for Life] Complaint about IBM China CSR on Centennial
IBM China is using its influence (through money?) to suppress or block medias, even legal systems on this land which I can prove. Tortured by the PTSD and relapsed depression they made on me during five years, really don't know how to survive. thanks
Please Google:
IBM detained mother of ex-employee on the day of centennial
or
How Much IBM Can Get Away with is the Responsibility of the Media
or
Tragedy of Labor Rights Repression in IBM China
or
IBM Advised to Treat its People with Humanism in China