What does DMS stand for?

Companies are keeping core direct materials sourcing in-house and are looking to partners to help provide competencies and savings around indirect spend.

The measure surveyed 160 companies across a range of industries and found that those using a combination of sourcing technology and support services to manage their direct materials sourcing initiatives enjoy the following advantages: * 98 percent of direct materials spend under management * 28 percent higher year-over-year cost reductions * 63 percent greater rates of contract compliance "The Best in Class are notable in this study for their higher usage of technology and their laser focus on cost," notes Andrew Bartolini, Director of Global Supply Management Research at Aberdeen.

Sudy Bharadwaj, Vice President of Supply Management for the Aberdeen Group followed the case study with insight from Aberdeen's recent Direct Materials Sourcing Benchmark Report.

Pierre Mitchell, Vice President with AMR Research will highlight trends in direct materials sourcing, including spend analysis, optimization tools and supplier performance management.

Tradec MCMS suite extends direct materials sourcing from a sporadic event-driven activity to a systematic cost management process, providing manufacturers with the functionality and analytical tools necessary to identify, capture, and continually improve material costs," said Tim Minahan, Managing Director of e-Business for Aberdeen Group.

By standardizing and managing company-wide direct materials sourcing and procurement activities and uniting them directly with product development, Resinate delivers the best capabilities of both Collaborative Product Commerce and Strategic Sourcing applications.

com, an on-line marketplace for direct materials sourcing, where he directed strategic growth initiatives and coordinated their acquisition by and integration into Ariba in August 2000.

RedSpark's RAPIDteam is an end-to-end Collaborative Product Development (CPD) solution designed to accelerate product development and direct materials sourcing processes.