Tuesday 20th Aug 2019 - Logistics & Supply Chain

Blackstone partners Ariba

Business commerce network Ariba has partnered with Blackstone as a preferred vendor,  to allow the asset management firm to track and manage spending across its global portfolio companies to optimise performance and support growth.

Blackstone now uses the software-as-a-service system Ariba Spend Visibility to track and analyze spending at the portfolio company level.

It has  boosted visibility into both internal purchasing and external supply and sourcing market dynamics, and improved procurement with Ariba Sourcing On-Demand which creates effective markets for direct materials and indirect goods and services.

Greg Beutler, executive director at Blackstone said, “Ariba’s solutions, are helping Blackstone drive savings at portfolio companies, which can be directly applied to growth initiatives.”

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