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RESEARCH TRIANGLE PARK, N.C., April 18, 2019 (GLOBE NEWSWIRE) -- JAGGAER, the world’s largest independent spend management company, today announces that the company’s solutions are in use by three of the top five North American transportation companies by revenue, and eight of the top 20, with several acknowledged as holding the top tier for biggest global transportation companies. JAGGAER transportation and logistics customers include air, rail, over the road, LTL and ocean shipping companies that address both the consumer and business-to-business facing marketplaces.
Few market sectors are as active as transportation, with returns of over 11% in the past three years on the Dow Jones Transportation Index, despite concerns of a global slowdown. JAGGAER’s advanced sourcing and spend management tools are a critical part of transportation business models because of the need to continually mitigate future risk and create new revenues and efficiencies, through advanced data analytics. JAGGAER customers process over 2000 transportation sourcing events and $15 billion in transportation spend annually on the JAGGAER ONE spend management platform.
“Logistics data translates directly into intelligence that we can put to work to create even more efficiencies and a competitive advantage. We utilized JAGGAER’s Advanced Sourcing Optimizer (ASO) to enable our Schneider Logistics’ BidSmart® methodology and achieved market benchmarking results of 30 percent savings on customers’ transportation sourcing,” says Mike Kukiela, Schneider vice president and general manager of supply chain management.
The JAGGAER ONE integrated platform fulfills the unique needs of distribution, transportation and logistics companies, supporting carrier sourcing and contract negotiation, supplier onboarding and performance management: the lifeblood of every logistics organization. JAGGAER’s customers can pinpoint areas that need improvement or attention in real time with advanced data analytics. JAGGAER’s industry-specific solution supports everything from smaller-scale “spot bid” events to annual global air and ocean sourcing, and domestic truckload events for many Global 2000 companies.
JAGGAER solutions reduce costs, maverick spend and risk, while providing transparency, control and flexibility on a platform that embraces innovation and scales with any business. The net result is the enablement of the procurement function as a true value driver for the organization, both today, and as procurement expands its vision for future digital transformation.
About JAGGAER: Global Source to Pay Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with over 2000 customers connected to a network of 3.7 million suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia, and the Middle East. JAGGAER offers complete SaaS-based Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and analyzing the market. Our solution suites are trusted by the world’s largest manufacturing, education, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations. Additionally, JAGGAER holds 37 patents–more than any other spend management company. www.JAGGAER.com
MEDIA CONTACT: Steve Lundin