VF Corporation Selects SmartAnalytics from Iasta for Spend Analysis
Apparel Manufacturer Says SmartAnalytics Provides Best ROI of Spend Analysis Tools
Indianapolis, IN and Brussels, Belgium, June 30, 2010VF CORPORATION is one of the largest apparel manufacturers in the world with annual revenue exceeding $7 billion. VF Corporation is experiencing rapid and steady growth and the VF Europe procurement team understood very quickly that a key part of their company’s success was going to be determined by knowing exactly where and how money was being spent. VF Corporation’s legacy systems could not give them visibility to answer questions such as Who were their biggest suppliers? How many suppliers did they have in each spend category? and What percentage of spend was off-contract or in excess of contract spend?
After a review of several spend analysis tools in the marketplace, VF Corporation opted for Iasta's SmartAnalytics because it provided them with the visibility they were looking for and was easy-to-use. Michael Van Keulen, Senior Procurement Manager Europe from VF Corporation said “Adoption was a big concern. We did not want to spend money on a tool that wouldn’t be put to use, but SmartAnalytics was quickly accepted thanks to how easy it is to use”.
About Iasta
Iasta® is an award winning leader of Enterprise Spend Management through SRM Best Practices. Founded in 2000, Iasta helps organizations solve traditional business problems in new ways by providing its customers with cutting-edge tools for making strategic decisions on how to save and spend their valuable resources. Iasta's flagship products, SmartAnalytics® and SmartSource SRM®, are cornerstones to any effective supplier relationship management strategy as they enable companies to analyze, source and optimize business decisions. SmartAnalytics provides users with comprehensive and detailed access to the entire organization’s purchasing data while SmartSource SRM combines best-of-breed functionality that includes sourcing (auction, RFx), award analysis and supplier management. For more information visit the company’s website at www.iasta.com.
About VF Corporation
VF Corporation is a global leader in branded lifestyle apparel with more than 30 brands, including Wrangler®, The North Face®, Lee®, Vans®, Nautica®, 7 For All Mankind®, Eagle Creek®, Eastpak®, Ella Moss®, JanSport®, lucy®, John Varvatos®, Kipling®, Majestic®, Napapijri®, Red Kap®, Reef®, Riders® and Splendid®.
VF Corporation's press releases, annual report and other information can be accessed through the Company's home page, www.vfc.com.
Iasta is a trademark of Iasta.com, Inc. All other products and brand names are trademarks or registered trademarks of their respective owners.
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Iasta continuously attends, exhibits and hosts Spend Management related conferences throughout the year to expand our network with other sourcing professionals and stay current with the latest industry knowledge and best practices.
Iasta Conference Schedule for 2010
- February 24-25 (Birmingham, UK): eWorld Purchasing & Supply
- April 25-28 (San Diego, CA): ISM International Supply Management
- June 30-July 1 (Chicago, IL): reSource '10
- August 18 (Procurement Leaders): Iasta Sponsored Executive Webinar
- September 21-22 (London, England): Euro reSource '10
- September 28-29 (London, England): eWorld Purchasing & Supply
- September 29 (Boston, MA): Procurement Leaders
- October 4-5 (Philadelphia, PA): reSource '10
- October 14 (Amsterdam): Procurement Leaders
- October 19-20 (San Francisco, CA): reSource '10
- November 15 (Boston, MA): Executive reSource '10
- November 16-17 (Boston, MA): Aberdeen Group's CPO Summit
