TopSource Saves Customers Millions Leveraging Ariba
Leading retail buying consortium uses on-demand tools to more efficiently manage spend and contracts, deliver bottom-line results
SUNNYVALE, Calif., September 20, 2011 – There's strength in numbers. Just ask TopSource LLC, a wholly owned subsidiary of Topco Associates LLC, the largest cooperative buying organization in retail food. Over the last decade, TopSource has sourced more than $3 billion in spend and saved millions in the process, using innovative, cloud-based offerings from Ariba, Inc., (Nasdaq: ARBA) the leading provider of collaborative business commerce solutions to more efficiently and effectively manage its spend and contracts.
"We were early adopters of online auctions, and we continue to develop innovative ways to maximize savings and deliver value to our members," said Dave Picarillo, Senior Vice President, TopSource. "The two key components that set TopSource apart are experience and technology. The combination of our team's sourcing and category expertise coupled with Ariba's best-in-class technology allows us to effectively streamline the sourcing process based on our customers' requirements."
Since 2009, TopSource has been using a range of Ariba's solutions as its platform for sourcing, including Ariba® Sourcing™ On-Demand and Ariba Contract Management™. Through Ariba Sourcing, TopSource has created thousands of events that drive an average of nearly 20 percent savings and speed up price negotiations for both food and non-food related products. With Ariba Contract Management, it has been able to collaboratively create and manage best-value contracts across categories and ensure compliance with them.
"TopSource has conducted auctions for more than a decade in virtually every department in the food retail space and essentially set a new standard for sourcing," said Sundar Kamakshisundaram, Senior Solutions Marketing Manager, Ariba. "By embracing leading-edge technologies, TopSource is able to fuel an efficient and effective process for negotiating contracts that optimize the purchasing power of its member organizations and deliver savings that positively impact their operations."
TopSource LLC is a wholly owned subsidiary of Topco Associates LLC, the largest cooperative buying organization in retail food. By applying a structured sourcing process and through spend aggregation, TopSource assists over fifty-five premier grocery, retail and wholesale companies realize significant savings in areas of Not-For-Resale (NFR), often called indirect spend. In addition to providing innovative solutions, TopSource has saved its members and customers an average of 15-20% on an annual basis in business areas such as store equipment, office products/services, packaging, hired services, IT/Telecom, construction, logistics & distribution, marketing, health care, fuel, energy management and sustainability. To learn more about TopSource, visit www.topsourcellc.com
About Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business commerce solutions. Ariba combines industry-leading technology with the world's largest web-based trading community to help companies discover, connect and collaborate with a global network of partners – all in a cloud-based environment. Using the Ariba®
Commerce Cloud, businesses of all sizes can buy, sell and manage cash more efficiently and effectively. Over #application.suppliers_count#
around the globe use the Ariba Commerce Cloud to simplify inter-enterprise commerce and enhance results. Why not join them? To get on the path to Better Commerce visit: www.ariba.com/commercecloud/
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