ZIFFPAGE TITLESupplier CoordinationBy Briana Hallstrom | Posted 2005-07-08 Print
Returns on investment for the Baseline ROI Leadership Awards handily topped 1,000%, courtesy of the Internet.
Annual Return 5,451%
Project: Drugmaker GlaxoSmithKline was looking to cut costs associated with developing products still in the research and development stage. The aim was to implement a single system to handle spending analysis, negotiation, supplier management, contracts and compliance, and other aspects of its business. The company chose Emptoris' enterprise supply management system to negotiate contracts more quickly with half the resources, thus cutting administrative costs. The money saved on the project was funneled into R&D and marketing.
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