SciQuest, Inc., a leading provider of on-demand supplier
management and procurement automation solutions, today announced it
has provided supplier content management technology to GlaxoSmithKline
(GSK), a world-leading research-based pharmaceutical company, allowing
the corporation to globally expand its e-procurement initiatives. Seen
as a logical next step for its organization and the right way to
conduct business in the global marketplace, GSK recently selected its
Verona, Italy site to pilot a program providing online catalog content
in a non-English format.
GSK centralized its global purchasing process through both
internal systems and external purchasing agents and licensed the
SciQuest Spend Director solution as well as content packs to enable
key suppliers. While the company's initial strategy focused
exclusively in the US and UK markets, the positive impact of content
to the e-procurement process in these two countries encouraged GSK to
expand into other global markets.
"We've been very pleased with the success of the global evolution
of our e-procurement initiatives," said Luca Guzzabocca, director -
procurement Southern, Eastern, Central and Northern Europe & European
systems development for GSK. "The Verona roll-out serves as an example
of how GSK is pushing e-procurement capabilities further into the
business and instituting a global content management strategy in order
to gain even greater efficiencies and savings."
By integrating SciQuest's Spend Director with Ariba Buyer software
in the United States and with SAP in the company's international
sites, GSK enables 18,000 users access to hundreds of suppliers
enabled on the company's global e-procurement platform. GSK can now
take advantage of global spend visibility across sites that were once
disjointed due to disparate ERP and purchasing systems. SciQuest's
technology allows GSK to promote global suppliers (driving the massive
purchasing power of GSK worldwide), while still supporting local and
diversity vendors specific to individual regions.
SciQuest's intelligent spend analytics empower GSK with the
capability to facilitate smart relationships and contracts with
preferred suppliers while taking full advantage of their existing
investments in procurement technology. To date, GSK's global
procurement platform contains over 2.1 million items representing more
than 90 percent of their total laboratory spend.
GSK Verona has experienced immediate value since implementing its
global e-procurement program over six months ago. The site has
virtually eliminated paper purchase orders, streamlined its
procurement operations, and greatly improved contract compliance in
catalog-rich supply categories. "While we are slowly increasing our
preferred supplier compliance rate, we have already increased our less
expensive purchasing item compliance rate over 40%," commented
Guzzabocca.
In addition, GSK Verona has reduced its purchasing transaction
time by 30%, resulting in significant operational savings of up to 5
minutes per transaction. The company has also achieved 100% end-user
compliance by creating a positive environment for preferred suppliers
and providing extra support and educational materials on the local
intranet.
"Consolidating procurement data and enabling spend analysis on a
global level enables an organization to further optimize its supply
chain and reduce costs, maximize performance and reduce risk," said
Steve Wiehe, president and CEO of SciQuest. "By extending its
e-procurement capabilities and instituting a global supplier
management strategy GSK is revolutionizing its procurement strategy
and gaining even greater efficiencies and savings. We are pleased to
be a part of this innovative process and expect many other global
organizations to follow GSK's example."
About SciQuest, Inc.
SciQuest provides on-demand supplier enablement and procurement
automation solutions that reduce operating costs, drive end-user
adoption, bring more spend under management and increase visibility
into organization-wide spending. Through SciQuest solutions,
organizations gain immediate cost savings and rapid ROI.
Organizations can quickly enable a critical mass of suppliers
through the SciQuest Supplier Network (SQSN) and leverage SciQuest
Managed Services to fully manage catalog data and order delivery on an
ongoing basis, significantly reducing the need for in-house IT and
support resources. With an integrated supplier base, organizations can
maximize on-contract spending and gain real-time visibility and
reporting capabilities throughout the entire order process.
In addition to a source-to-settle suite of e-procurement
applications, SciQuest also offers supplier and order management
modules that seamlessly integrate with existing ERP and enterprise
financial systems, driving greater return from existing investments.
For more information about SciQuest, please visit
www.sciquest.com, or call 919.659.2100.