SaaS for SIM: On-demand supplier information management gains ground
Aravo Solutions , a specialist in on-demand supplier information management (SIM) solutions, reports quadrupled company revenue over the last 12 months. Aravo says new research confirms Software-as-a-Service (SaaS)-based supply chain management solutions are gaining wider acceptance among global enterprises, underscoring the vendor's recent growth.
The Aravo SIM 10 platform mitigates risk, manages sustainability programs, and improves overall supplier relationship management processes. It transforms the management of supplier information into a key strategic asset by providing an easy-to-use platform that cuts across organizational boundaries and provides a single unified view of supplier information to internal users, suppliers, and third-parties service providers.
"Aravo is well positioned to satisfy the growing demand from global organizations for centralized, on-demand solutions that deliver the speed, visibility, and scalability needed effectively manage their supply chains" says Tim Albinson, CEO of Aravo. "At the end of the day the SIM market is all about improving control, reducing risk, and delivering measurable savings to the bottom line. Aravo was developed to meet this need."
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey