Manufacturing segment is characterized by extremely visible business cycles and intense global competition. New competitors from low cost countries have put tremendous pressure on pricing. Margins are on the decline. In addition, increased focus on outsourcing has reduced local opportunities for tool manufacturers and service providers. As a result there is a very sharp focus among companies in the manufacturing segment to ensure that the operating costs are kept low to maintain profitability. Streamlined corporate spend is a key element of that strategy.
Ketera provides companies in the manufacturing industry with the applications and services needed to control and reduce corporate spending at a low cost of ownership. Its on demand suite includes applications for spend analysis, sourcing, contract management, e–procurement, and payment & reconciliation. The combination of these hosted applications along with services such as implementation, supplier enablement and system administration allows organizations such as Kennametal and Maytag to streamline their corporate spend and reduce their overall costs. |
