Ariba Technologies Inc., announced the second Operating Resource Management Supplier Summit, to be held on March 24, 1998 in Santa Clara California. The invitation-only event, co-sponsored by Federal Express Corp., VeriFone, and Visa, promises suppliers a lively and interactive venue to discuss requirements with the technology and logistics companies that link them to users of operating resources.
“We have found that suppliers as well as buyers benefit when buying organizations adopt systems for managing operating resources,” said Keith Krach, President and CEO at Ariba. “Operating Resource Management Systems increase a supplier’s revenue by enabling buyers to concentrate purchasing, while simultaneously lowering overall transaction costs.”
The sponsors of the ORM Supplier Summit, Ariba, Federal Express (NYSE FDX), VeriFone (NYSE VFI), and Visa each support a different part of the operating resource supply chain
— Ariba’s ORMS enables buying organizations to manage the acquisition of operating resources and concentrate purchases with approved suppliers,
— FedEx offers business solutions that combine the power of the leading global transportation network with world-wide information systems, express logistics capabilities and Internet commerce,
— VeriFone, an industry leader in payment system solutions, provides merchants with the technology to facilitate SET based Internet payment transactions, which offer the highest available level of security and reliability,
— Visa, through its Purchasing Card, enables buyers and sellers to conclude financial transactions with unprecedented efficiency.
Together, these vendors can connect buyers and sellers of operating resources in an efficient and completely closed-loop system.
“The electronic commerce solutions offered by FedEx are focused on helping customers find optimum methods for managing inventory and distribution,” said Rohan Champion, Vice-President, Strategy & Alliances, Federal Express. “Ariba Supplier Summits are an excellent venue for suppliers to examine leading-edge technologies that can link them to users of operating resources management systems.”
“VeriFone’s participation in Ariba’s supplier summit is an opportunity to educate key suppliers on emerging business-to-business Internet payment solutions,” said George Hoyem, VeriFone V.P. and General Manager of the Internet Commerce Division. “As one of the key components of Internet payment, VeriFone’s SET based vPOS merchant software allows businesses to conduct Internet transactions securely and reliably.”
“With the resources of the Visa Purchasing Card and Ariba’s software solutions, buyers and sellers can reliably and securely connect and conduct business online,” said Ryan Ross, vice president of commercial commerce for Visa U.S.A. “These summits will help suppliers discover new ways to maximize the value they receive from operating resource management solutions.”
The ORM Supplier Summit is held three times a year. The purpose of the meeting is to exchange information on requirements and the state of the industry. Although the event is an invitation-only meeting, companies and parties that have a vested interest in the topic should contact Ariba via e-mail at email@example.com.
Federal Express Corp.
Federal Express connects areas that generate 90% of the world’s gross domestic product in 24-48 hours with door-to-door, customs-cleared service and a money-back guarantee. The company’s unmatched air route authorities and infrastructure make it the world’s largest express transportation company, providing fast, reliable, and time-definite transportation of 3 million items to 211 countries each working day.
FedEx employs approximately 140,000 people and has more than 43,000 drop-off locations, 600 aircraft and 39,500 vehicles in its integrated global network. The company maintains electronic connections with more than 850,000 customers via FedEx Powership(R), FedEx Ship(R) and FedEx interNetShip(SM). Federal Express reported revenues of $11.5 billion for its fiscal year ended May 31, 1997. The FedEx Internet address is .
VeriFone, Inc., a wholly owned subsidiary of Hewlett-Packard Company (NYSE HWP), is the leading global provider of secure electronic payment solutions for financial institutions, merchants and consumers. VeriFone has shipped more than six million electronic payment systems, which are used in over 100 countries. The VeriFone Internet address is .
Visa is the preferred payment brand and the largest consumer payment system worldwide. It plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions, their cardholders, and the global economy. Visa is the only consumer payment system to facilitate $1 trillion worth of purchases of goods and services in a fiscal year. Visa’s nearly 600 million cards are accepted at more than 14 million worldwide locations, including 380,000 ATMs in the Visa/PLUS Global ATM Network. The Visa Internet address is .
Ariba is the leader in Operating Resource Management (ORM) solutions for Global 2000 corporations. The company’s products deliver a high Return on Investment through reduced ORM transaction costs and improved management of the acquisition of the goods and services required to operate a company. The products leverage the Internet and intranets to connect buyers to suppliers and thin-client network computing to make deployment to every desktop possible. The Ariba Internet address is .Details