Hyster-Yale GROUP, Inc. Selects JAGGAER’s Direct Spend Management Solutions for Global Digital Transformation
- Press Release
- Supplier Management
- Supply Chain Management
RESEARCH TRIANGLE PARK, NC, December 18, 2018: – JAGGAER, the world’s largest independent spend management company, announces that Hyster-Yale, a global materials handling company, has selected JAGGAER’s industry-leading, direct-spend management solutions for a multi-phase corporate global digital transformation.
Hyster-Yale Group, Inc. is a leading globally integrated, full-line lift truck manufacturer offering a broad array of solutions aimed at meeting the specific materials handling needs of its customers; Hyster-Yale Group, Inc., designs, manufactures and globally markets a comprehensive line of lift trucks and aftermarket parts.
Hyster-Yale, as many other manufacturing companies, had several standalone systems or manual processes to manage decision flow in their supply chain, and was looking for a provider to meet their requirements for supplier management, eSourcing, supplier collaboration, Compliance and eProcurement. After extensive market research, Hyster-Yale found that JAGGAER’s unique direct spend management solutions suite could fulfill this need. Of particular importance was the capability to provide fully automated, off-the-shelf ERP-integrated downstream supply chain management (purchase orders, advanced shipping notifications, invoices) that could be accessed by suppliers using a comprehensive portal, as well as via classic EDI.
“JAGGAER’s solutions were the best choice in the marketplace for our supply chain. Their depth of experience and knowledge in the manufacturing space, coupled with their out-of-the-box ERP integration capabilities and high analyst ratings were some of the driving factors for our decision. Their solution provides a comprehensive supplier collaboration portal, allowing us to get a 360-degree view of supplier metrics, performance & collaboration activity. We anticipate that their solutions will enable us to more fully engage with our supplier network, create new efficiencies, and expand our competitive positioning in a dynamic and challenging global marketplace,” says Steve Karas, VP Global Supply Chain.
JAGGAER’s manufacturing customers represent four of the top ten global manufacturers, including two of the top five, and one-third of the top 25. 33% of the top 50 global manufacturers, by revenue, utilize JAGGAER’s spend management solutions for their purchasing and procurement needs.
“JAGGAER’s expertise in direct spend management and supply chain is unparalleled in the manufacturing industry; for years pundits and analysts have recognized our solutions as leading. The opportunity to help Hyster-Yale achieve their aggressive goals allows us to push our own innovations even further, and gather deeper industry experience, making our solutions even more powerful,” says Robert Bonavito, CEO, JAGGAER.
About JAGGAER: Global source to pay spend management solutions
JAGGAER is the world’s largest independent spend management company, with 2,000 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.
About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, offers a broad array of solutions to meet the specific materials handling needs of customers’ applications. The Company’s wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale Group include Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines, and Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names. Hyster-Yale Group also has significant joint ventures in Japan (Sumitomo NACCO) and in China (Hyster-Yale Maximal). For more information about Hyster-Yale Materials Handling, Inc. and its subsidiaries, visit the Company’s website at www.hyster-yale.com.