CARY, N.C. -- SciQuest, Inc., the global leader empowering enterprises to realize the potential of strategic procurement, announced that the company was named to the "Supply & Demand Chain Executive 100," a listing of the service providers that are exerting the greatest impact on their customers' supply chains. This year's list highlights those providers that are best helping organizations respond to the global economic downturn and position themselves for growth when conditions improve.
"Global economic conditions have placed more emphasis on the supply chain -- highlighting both the need for a more strategic approach to procurement and the proven ability of procurement organizations to drive significant bottom line results," said Stephen Wiehe, president and CEO of SciQuest. "The recession has revealed what industry leaders have long known -- as the one business function that focuses directly on getting the most out of each dollar, procurement is uniquely positioned to help organizations operate more efficiently and cost effectively."
SciQuest's customers include many of the world's leading organizations from the education, government, healthcare and life sciences industries. Using the company's procurement automation and supplier catalog management solutions, SciQuest customers are able to gain real-time visibility into spending, aggregate their buying power and eliminate time-consuming and costly tasks traditionally associated with the purchasing process.
This year marks SciQuest's fifth appearance on the "Supply & Demand Chain Executive 100." Inclusion on the 2009 list reflects the dramatic gains customers have demonstrated through their use of the company's on-demand applications during the current economic downturn. Through eprocurement, organizations can save up to 20 percent on goods and services purchased via automated purchasing processes.
"Customers of the recipients of this year's '100' have proven that supply and demand chain excellence is imperative for success, regardless of whether the economic landscape is marked by challenges or opportunities," said Andrew K. Reese, editor of Supply & Demand Chain Executive. "SciQuest's customers offer a telling example of the profound impact procurement organizations have, not only on the larger supply chain, but on the institutions they work for and, in turn, the people they serve."
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web at www.SDCExec.com .
SciQuest's procurement automation and supplier enablement solutions empower leading organizations to realize the potential of strategic procurement. The company's specialized knowledge, on-demand software, and service-first approach enable public and private enterprises across the globe to manage spend, drive ROI, and advance their critical missions.
SciQuest's deep understanding of its served vertical markets combined with a broad supplier network and intuitive, online shopping experience increase user and contract adoption while improving operational efficiencies. Through software-as-a-service (SaaS) deployment, organizations can quickly implement the right eprocurement solution to augment existing ERP investments or fully enable all aspects of purchasing from sourcing to settlement.