July 29, 2011 - Vinimaya, Inc. (www.vinimaya.com), the leading provider of Procurement Optimization in the Cloud, has partnered with the Aberdeen Group to distribute the analyst firm’s latest research for supply chain professionals: “The Year of the Supplier: Perspectives on Supplier Management in 2011.” The report, which was compiled from an in-depth questionnaire designed to explore the current supply chain pressures, actions, and capabilities at over 150 global organizations, is available for complimentary download (a $399 value) on Vinimaya’s website. 

“Business demands today require organizations to place more emphasis on improving supplier relationships, which has generated an increased interest in promoting areas such as supplier information management, compliance, risk, and performance,” said Constantine Limberakis, Senior Research Analyst at Aberdeen and the author of the report.  “As the suppliers’ impact on an organization's viability and success has become increasingly apparent, ’The Year of the Supplier‘ examines a broad range of processes that encompass supplier management.”

One of the key findings within the report indicates that the companies most likely to achieve best-in-class standing are those that have implemented solutions to help:

• Enhance the process of acquiring and leveraging supplier information
• Diminish and deter supply/value chain disruptions through supplier visibility tools
• Improve supplier benchmarking and/or performance through monitoring tools

Among the organizations reaching best-in-class status, the study found the highest percentages of supplier management solutions and services in place by comparison to the general market. For example:

• 82% have Spend Analysis Visibility
• 71% have Vendor Management/Data Cleansing 
• 70% have Supplier Audit & Compliance Management
• 63% have Supplier Benchmarking & Performance Monitoring
• 57% have Supplier On-boarding & Enablement

“We are pleased to partner with the Aberdeen Group to bring more exposure to the valuable information within this report,” said John Hutchinson, President, Vinimaya, Inc. “Vinimaya gives Fortune 1000 companies leverage on both sides of the supplier management process: pre-and post-agreement. In order for an agreement to have value, it must be presented in an actionable way to your employees.  By influencing buyer behavior, Vinimaya provides the contract negotiators leverage to negotiate true preferred provider pricing. Vinimaya brings value to our clients at all stages of the supplier life cycle.” Hutchinson concluded.

Using Vinimaya ensures that all contracted supplier rates for goods and services are made available quickly, used easily, and priced accurately for everyone authorized to purchase. To secure a complimentary copy of the “The Year of the Supplier,” please visit Vinimaya’s website (www.vinimaya.com) to complete an online registration form.

About Vinimaya
Vinimaya, Inc. is the leading provider of Procurement Optimization in the Cloud, combining patented federated search capabilities, dynamic web content access, catalog management tools, decision support, and a familiar B2C-like shopping experience. Vinimaya products are seamlessly integrated with systems from Ariba, SAP, Oracle, and PeopleSoft among others and are used by global companies such as 3M, Alcoa, Sunoco, Agilent Technologies, and Corning, Inc. Vinimaya is a Vora Group company with offices in Cincinnati; Shelton, CT; and Bangalore, India. For more information please visit www.vinimaya.com or call 888-618-8634.