Smart companies recognize that in order to achieve their objectives in today’s business environment, they must work more closely than ever with an increasingly global base of customers and partners. And they are leveraging a new breed of cloud-based solutions and business networks to do it. On March 18, Cabot Corporation, a global leader in specialty chemicals and performance materials, will discuss how it is tapping into Ariba, an SAP Company, to better manage its procurement process and trading relationships, at Ariba LIVE, the business commerce event of the year which kicks off March 17 at The Cosmopolitan of Las Vegas.
“Cabot has a strong history of technical product innovations,” said Douglas N. Cloutier, Director Corporate Purchasing & Advancement, Cabot Corporation. “By extending our innovative spirit to our own business processes and implementing transformational cloud-based solutions, we can drive efficiencies and savings that enhance our performance and ultimately, our bottom line.”
To deliver these results, Cabot connected to the Ariba® Network and is implementing a range of cloud-based offerings in conjunction with its Oracle system, including: Ariba Sourcing, Ariba Contract Management, Ariba® Procure-to-Order™ and Ariba Supplier Information and Performance Management™.
The Ariba Network is the world’s largest and most global business-to-businesses trading network, used by more than one million companies to transact over $500 billion in commerce on an annual basis. Cloutier is part of a blue-chip roster of executives and practitioners from leading companies set to present at Ariba LIVE and will share his insights and experiences into how companies can leverage the connectivity and insights of business networks to move beyond transactions and drive competitive advantage during one of more than 70 breakout sessions.“Fueled by mega-shifts in how technology is accessed and delivered, companies are unleashing a new model for operating that is helping to improve their productivity, profits and ultimately, their advantage in an ultra-competitive marketplace,” said Rachel Spasser, Senior Vice President of Marketing, Ariba. “In leveraging Ariba’s cloud-based applications and business network, Cabot can coordinate a virtual extraprise of partners into a shared community and execute its procurement processes in a more collaborative and informed way that drives long-term, sustainable growth across its business.”