SOURCE: Emptoris

May 05, 2008 13:56 ET

"Spend Analysis: The Window Into Strategic Sourcing" Released at Institute for Supply Management (ISM) Annual Conference

Book's Author Says the Average Fortune 1000 Company Is "Blind to Corporate Spending"

BURLINGTON, MA and ST. LOUIS, MO--(Marketwire - May 5, 2008) - At the annual Institute for Supply Management (ISM) conference in St. Louis, J Ross Publishing and Emptoris, a leading provider of supply and contract management software, helped launch the new book, "Spend Analysis: The Window Into Strategic Sourcing," by Kirit Pandit and Dr. Haralambos Marmanis.

"The vast majority of Fortune 1000 companies, and their CFOs and CPOs, are blind to their spending. It's their dirty little secret," said Kirit Pandit, co-author of "Spend Analysis" and a consultant to Global 2000 companies. "It's really quite surprising. Spend visibility should be at the very core of any spend management or sourcing campaign. Technologies and services exist today that make that visibility readily achievable and affordable. Our book provides everything a CFO or CPO will need to know to get complete spend visibility and control."

"Spend Analysis: The Window Into Strategic Sourcing" reviews the spend management challenges companies face; the actions companies can take to increase spend visibility and control; and a complete overview of spend analysis best practices and technologies, including dozens of case studies of spend analysis implementations at leading global companies. The book is published by J. Ross Publishing and is available in business sections of leading booksellers, direct from J Ross Publishing (www.jrosspub.com) and online at Amazon.com. Through agreement with the publisher, Emptoris is making the first chapter of the book available online for free at www.emptoris.com/cmp_08/spend/web/index.asp

"'Spend Analysis: The Window Into Strategic Sourcing' is the definitive book on the subject," said Donavon Favre, Professor, North Carolina State University and the former managing partner with Accenture, the global consulting firm. "The book accurately depicts the entire spectrum of critical real-world issues and challenges in spend management, including technical fundamentals, practical applications, and value propositions. It is an extremely thorough and insightful and is certainly a 'must read' for senior financial and supply management executives."

Emptoris is helping to promote the book as the company's solutions and several of its customers are prominently featured in the book. The book, which has been called "the definitive book on spend analysis," features more than a half-dozen Emptoris customers, all leading Global 2000 companies, along with detailed case studies of the implementations and successes at those companies.

The first chapter, which Emptoris is providing for free download, provides a detailed overview of the challenges of gaining visibility and control over spend data, and an outline of the value proposition of and case for the application of spend analysis technologies. The full text of the book is described by the publisher as "the only reference book to provide in-depth guidance on what spend analysis really is, what it specifically involves, and how it can be used to improve identification of cost reduction opportunities, prioritization of sourcing projects, negotiated results, and the tracking and monitoring needed to ensure that identified opportunities reach the bottom line."

Emptoris offers a spend analysis solution, Emptoris Spend Analysis, a fully-automated software solution that empowers companies with greater spend visibility and allows them to realize greater savings through improved sourcing strategies and compliance. Emptoris has helped companies analyze over $24 trillion in corporate spending. For further information on Emptoris Spend Analysis, visit: www.emptoris.com/spend.

For further information on "Spend Analysis: The Window Into Strategic Sourcing," visit: www.emptoris.com/cmp_08/spend/web/index.asp

About Emptoris

Emptoris is a world leader in innovative supply and contract management software solutions that empower enterprises to realize best value and accelerate profitable growth. Emptoris solutions are used by successful Global 2000 companies in every industry. Customers include American Express, Boeing, ConocoPhillips, GlaxoSmithKline, Kraft, Motorola, Owens Corning, Syngenta, and Vodafone.