Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


Supplier Relationship Management Vertical Solution

Media Release

PeopleSoft First to Deliver Vertical Solutions for
Supplier Relationship Management
New Functionality Speeds Implementation and Adoption

PeopleSoft, Inc. (Nasdaq: PSFT) today announced the general availability of the first industry-specific solutions for Supplier Relationship Management (SRM). Traditionally, supplier management is decentralised without a clear view of supplier relationships. PeopleSoft SRM manages the complete source-to-settle process online, across an entire organisation, supporting the unique sourcing, procurement, spend management and supplier enablement requirements of the healthcare, government, financial services, energy, consumer products, and high technology industries.

“SRM solutions must reflect vertical industry buying practices,” said David Hope-Ross of Gartner. “Given that management of suppliers affects margin growth, efficiency, and product development, only industry specific approaches to SRM will enable organisations to leverage suppliers as a source of competitive advantage.”

PeopleSoft SRM, built on PeopleSoft’s Pure Internet Architecture™, manages the complete source-to-settle process, from the development of sourcing strategies to supplier selection, transaction execution, financial settlement and ongoing supplier management. SRM allows customers to manage the complete enterprise spend – including business and manufacturing supplies, raw materials, capital assets and contract services.

“We needed a solution that would address our unique needs, from accurately managing stock at multiple nursing stations and clinics, to ensuring compliance with group purchasing contracts,” said Bill Grimes, Manager of Materials Management Information Systems at Dartmouth-Hitchcock Medical Center. “We were able to reduce inventory by an average of 50 per cent, and save significantly on purchases through contract compliance and product standardisation. The savings from our pilot alone have already returned our entire investment.”

“With these new vertical solutions PeopleSoft is directly managing the different needs of these very different industries,” said Theo Aroney, Asia Pacific Product Marketing Director of Supply Chain. “By supporting those unique requirements our new vertical solutions reduce the need for customisation and delivers a faster time to benefit.”

PeopleSoft SRM for Industries is available today.

About PeopleSoft
PeopleSoft (Nasdaq: PSFT) is the world’s leading provider of application software for the real-time enterprise. PeopleSoft pure Internet software enables organisations to reduce costs and increase productivity by directly connecting customers, suppliers, partners and employees to business processes on-line, in real time. PeopleSoft's integrated, best-in-class applications include Customer Relationship Management, Supply Chain Management, Human Capital Management, Financial Management and Application Integration. More than 4,800 organisations in 140 countries run on PeopleSoft software. For more information, visit us at


PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners. Copyright © 2002 PeopleSoft, Inc. All rights reserved.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>