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Tyco International Receives 2009 Medal of Professional Excellence Award from Purchasing Magazine


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White Paper > 10/01/2009
Spend Management

Tyco International has given purchasing a seat at the table of every business unit, blending decentralized and center-led purchasing practices that actually boost earnings per share. For its achievements, the company wins the 2009 Purchasing Medal of Professional Excellence.

The process and systems have produced close to $2 billion dollars in savings since 2003—and that in a company where only the $3.5 billion indirect portion of the $13 billion total spend is centrally managed within purchasing.

Automation tools from Ariba helped to bring spending under control .Use of the e-sourcing tools has yielded savings of approximately 8-11% annually since the company started using them. Today, 160 systems feed data to the procurement systems.

Read this in-depth article to understand Tyco's processes and how the use of On Demand technology helped the company beat the Street's expectations.