Elemica Sponsors 2010 Indirect Spend Summit in China

EXTON, Pa. and SHANGHAI, March 2 /PRNewswire/ -- Elemica, the industry-leading B2B supply chain execution network, announces their sponsorship of the 2010 Indirect Spend Summit on March 17, 2010 in Shanghai, China.  Senior Vice President of Elemica Asia, Brian Selby, will present, “e-Sourcing Strategies for China,” which details best practices and success stories on strategic sourcing of indirect materials and services within the China market.  The conference targets procurement executives seeking ways to improve efficiency, gain visibility into service costs, and capture savings within the procurement process.

“The indirect spend area of procurement is growing strategically, particularly in the Asia region,” said Mike McGuigan, CEO of Elemica.  “To gain a competitive edge, companies need to partner with expert organizations who understand the complexity of procuring services, outsourcing, and supplier relationships.  Using Elemica’s robust procurement solutions and sourcing services, our clients acquire more value from their suppliers while reducing costs.”

The 2010 Indirect Spend Summit in China provides attendees with valuable case studies and best practices from leading procurement executives who overcame the challenges of procuring services. For more information on this one-day informative summit or to register, visit: http://www.elemica.com/events-2010/2010-indirect-spend-china-summit.html.

In addition, Elemica has developed a China Council which is an industry forum that meets on a quarterly basis to share best practices, discuss areas for potential collaboration and execute joint aggregation projects in major indirect spend categories such as logistics, marketing materials, and plant services.  Elemica is now opening Council membership to its major global chemical customers with significant operations in China.  The next meeting is scheduled for Tuesday, March 16, 2010.  For details, please contact Siew Kien Lim at [email protected].

About Elemica

Elemica was founded by 22 leading global corporations to deliver best-in-class integration of supply chain trade partners for seamless execution of business processes such as order-to-invoice, procure-to-pay, and logistics booking.  Elemica unites global trade partners and provides a true framework of 'Connect Once.  Connect To All.'   By automating key business processes, removing transactional and communication barriers, and integrating the information flow between business partners, Elemica's clients benefit from reduced cost of operations and faster process execution with fewer resources.

From order entry to invoice processing for logistics, planning, and purchasing, the Elemica network improves productivity, decreases errors, and increases customer and business partner satisfaction.  Elemica has connected more than 2500 companies across multiple industries and processes over $60 billion in annual transactions. Clients include BASF, Continental, Dow, DuPont, Goodyear, LANXESS, Michelin, Rhodia and Shell.  For more information, visit http://www.elemica.com.

SOURCE Elemica