ARIBA B2B E-COMMERCE PLATFORM SELECTED BY DANA CORPORATION FOR GLOBAL
E-BUSINESS INITIATIVE
MOUNTAIN VIEW, Calif., Jan 13, 2000 /PRNewswire via COMTEX/ -- Ariba,
Inc. (Nasdaq: ARBA), the business-to-business (B2B) eCommerce leader,
today announced that Dana Corporation (NYSE: DCN), one of the world's
largest independent suppliers to vehicle manufacturers and the
aftermarket, has selected the Ariba(R) B2B eCommerce platform as part
of its global E-business initiative. Dana will use the global Ariba
platform to improve management of Dana's $8 billion in annual worldwide
purchases. With $12.5 billion in 1998 revenues, Dana is a global
company with 86,000 employees in 330 major facilities in 32 countries.
"Dana has targeted significant improvements in supply chain management
as a key business objective in 2000," said Joe Magliochetti, Dana's
president and chief executive officer. "We have formed a global
strategic sourcing organization and identified aggressive goals over
the next four years, including a 50% reduction in the number of
suppliers and $1 billion in cumulative savings in procurement cost and
transaction expenses. The new global e-Procurement system will enable
Dana to utilize the Internet to gain a competitive advantage in the
automotive supplier industry."
"Dana's participation on the Ariba platform will add significant
purchasing power and drive added content value from suppliers in the
automotive industry," said Keith Krach, CEO and chairman of Ariba. "We
look forward to working with Dana to drive cost savings and competitive
advantage internally, and then in helping Dana extend the value of its
Ariba platform."
The Ariba eCommerce platform, including the Ariba ORMS(TM) eCommerce
application and Ariba Network(TM) commerce services, will help Dana
drive economies of scale across its facilities worldwide by creating an
internal eCommerce infrastructure that will electronically aggregate
divisional and corporate purchasing from each employee desktop and
direct it through Ariba Network to preferred suppliers at higher-volume
prices. Anticipated benefits will include increased value with selected
preferred vendors, significantly reduced transaction expense,
consolidated information on vendor performance and reduced inventory
requirements.
The intranet-based Ariba ORMS application provides seamless access to
Ariba Network services that can drive cost savings while also speeding
time-to-benefit. Ariba Network provides a single point of integration
with business suppliers and ready-to-use electronic catalogs used by
many Fortune 500 and other leading companies also on the Ariba
platform. It also provides efficient trading mechanisms such as reverse
auctions, auctions, electronic payments and streamlined transaction
services. Dynamic pricing services are being added to the Ariba
platform through the pending merger with Trading Dynamics, Inc.
"Using this technology as a base, Dana will also explore the
possibility of partnering with other automotive, heavy-truck,
off-highway or aftermarket suppliers to create an independent
'services' exchange for B2B transactions," Magliochetti continued. "The
creation of an electronic business exchange could provide significant
value to our common customers and suppliers through reduced transaction
costs, aggregated purchasing and value added services such as supplier
design collaboration, logistics and vendor managed inventories. This
will better position us to easily integrate with other industry
specific exchanges, many of which have been announced recently."
The initial rollout of the Ariba platform at Dana is expected to be
completed Q1 2000 in five manufacturing sites globally. The
implementation will initially focus on operating resources such as
capital equipment, travel services and maintenance, repair and
operations (MRO) purchases.
About Ariba, Inc. Ariba, Inc. is the leading provider of
business-to-business eCommerce services and solutions to leading
companies around the world, including 15 of the Fortune 100. The
company delivers an open, end-to-end, best-of-breed platform of
interoperable solutions to manage corporate purchasing on the Internet,
build net markets and provide suppliers with buyer access and
integration. Together, Ariba's software and services leverage the
Internet-based Ariba Network to integrate the internal and external
commerce processes of buyers, suppliers, net markets and commerce
service providers. The result is a global eCommerce infrastructure that
provides cost saving and revenue opportunities for businesses of all
sizes. Ariba can be contacted in the U.S. at 650-930-6200 or at
www.ariba.com.
About Dana Corp. Dana Corporation is one of the world's largest
independent suppliers to vehicle manufacturers and the aftermarket.
Founded in 1904 and based in Toledo, Ohio, the company operates some
330 major facilities in 32 countries and employs more than 86,000
people. The company reported sales of $12.5 billion in 1998. Dana's
Internet address is www.dana.com.
NOTE: Ariba is a registered trademark and Ariba Network and Ariba ORMS
are trademarks of Ariba, Inc. Information in this release may involve
expectations, beliefs, plans, intentions or strategies regarding the
future. These forward-looking statements involve risks and
uncertainties. All forward-looking statements included in this release
are based upon information available to Ariba as of the date of the
release, and Ariba assumes no obligation to update any such
forward-looking statement. The statements in this release are not
guarantees of future performance and actual results could differ
materially from our Ariba's expectations. Numerous factors could cause
or contribute to such differences. Some of the factors and risks
associated with Ariba's business are discussed in its registration
statement on Form S-1 declared effective by the Securities and Exchange
Commission ("SEC") on June 22, 1999, and in the other reports filed by
it from time to time with the SEC.
SOURCE Ariba, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Katy Rogers of Blanc & Otus, 415-912-2330, or
krogers@blancandotus.com, for Ariba, Inc.
WEB PAGE: dana.com
ariba.co |
