Aravo Solutions
Case Studies
Boston University Enrolls Aravo to Achieve Excellence in Supplier Management
Overview
Boston University Enrolls Aravo to Achieve Excellence in Supplier ManagementAravo Solutions |
Platform as a Service (PaaS) - Data Management Platforms | |
Education | |
Procurement | |
Inventory Management Supply Chain Visibility | |
System Integration | |
Operational Impact
Obtained a single vendor management solution that creates one “source of truth” for suppliers across the entire organization | |
Facilitated a commodity-based rules system that places the responsibility for data quality on suppliers | |
Removed and cleansed redundant vendor management information and lowered process costs | |
Quantitative Benefit
Improved the University’s working capital position on a one time basis by an estimated $16M on a supply base of $325M | |
Potential additional cost benefit of $1.5M per year, generating a positive net present value of $7.5M over 10 years | |