PeopleSoft Raises the Bar with Supplier Rating System
New Solution Will Enable Companies to Evaluate and Leverage Suppliers for Strategic Advantage
NEW ORLEANS--(BUSINESS WIRE)--Aug. 26, 2002--At Connect 2002, PeopleSoft, Inc. (Nasdaq:PSFT - News) today announced its Supplier Rating System, a new module in the company's award-winning Supplier Relationship Management (SRM) solution. The new solution delivers unprecedented analytical capabilities that enable organizations to evaluate, monitor and control supplier performance across the enterprise.
"A supplier rating system will greatly assist companies in executing an SRM strategy," said Carl Lehmann, vice president of the META Group. "Supplier scorecards and analytics provide the basis for sound sourcing decisions -- both in selecting a supplier for a specific contract or in identifying areas where supplier rationalization or expansion would benefit the company as a whole."
PeopleSoft's Supplier Rating System will enable customers to create a consistent, repeatable methodology for business managers and executives to manage and measure supplier performance. Organizations will be able to capture data from across the enterprise and choose from more than eighty key performance indicators to set parameters, weight criteria and create supplier scorecards to measure performance in areas such as product quality, invoice accuracy, delivery reliability and price. For subscribers of Dun & Bradstreet, the Supplier Rating System will provide insight into a supplier's financial performance with integrated data from Dun & Bradstreet, enabling a company to factor in financial performance and credit worthiness.
"Most companies have a limited, historical view of supplier performance," said Mike Frandsen, general manager of PeopleSoft's Supply Chain Management division. "The Supplier Rating System will combine a 360-degree view with unmatched analytic capabilities to select suppliers and monitor the supply base, ensuring that all performance measures can be considered in supplier management and sourcing strategies."
The PeopleSoft Supplier Rating System will be available in fourth quarter.
About PeopleSoft SRM
PeopleSoft SRM connects an organization's customers, suppliers and employees directly to the complete source-to-settle business process. The award-winning solution allows the management of complete enterprise spend -- including business and manufacturing supplies, raw materials, capital assets and contract services. PeopleSoft SRM enables fact-based supplier management to optimize supplier performance while leveraging the supplier base for business advantage.
About PeopleSoft
PeopleSoft (Nasdaq:PSFT - News) is the world's leading provider of application software for the real-time enterprise. PeopleSoft pure Internet software enables organizations 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 organizations in 140 countries run on PeopleSoft software. For more information, visit us at www.peoplesoft.com.
Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. Factors that may bear on the accuracy of these predictions include economic conditions in the U.S. and abroad, the ability to complete and deliver products and services within currently estimated time frames and budgets, market response to product announcements, and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. Please refer to the Company's periodic reports to shareholders (Forms 10-K and 10-Q) for more information on the risk factors that could cause actual results to differ.
Note to Editors: PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners.
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Contact:
PeopleSoft Inc.
Holly Rossetti, 925/699-6108
holly_rossetti@peoplesoft.com
or
Porter Novelli
Kristina White, 617/450-4250
kristina.white@porternovelli.com |
