06 September 2001 | Robin Parker
Purchasers using Ariba's e-procurement software are set to benefit from an additional series of benchmarking tools.
The eC3 digital toolset gives companies 26 key metrics with which to measure the best practices, cost savings and return on investment (ROI) of implementing e-procurement systems.
Ariba reckons the kit could reduce the time it takes to conduct benchmarking exercises.
The company developed the system with the Center for Advanced Purchasing Studies, a US research body that has conducted benchmark studies across 30 industry sectors in the past decade.
At eC3's heart is Ariba's Benchmarking Scorecard, which was introduced by the company in September 2000. It enables users to develop an ROI business case for e-procurement.
John Watton, director of marketing at Ariba UK, told SM: "It will become a standard, cross-industry tool with external accreditation.
"All companies will be measured every month, with the results ultimately fed into a best-practice database."
eC3 has already been trialled with 40 international Ariba customers, representing £10 billion a year in e-procurement spending, and will be offered to the firm's 600 users worldwide.www.ariba.com