VIENNA, Austria and RESEARCH TRIANGLE PARK, N.C., Feb. 20, 2018 (GLOBE NEWSWIRE) -- JAGGAER, the world’s largest independent spend management company, has launched a new optimization project with Klüber Lubrication Munich SE & Co. KG, a Freudenberg Group company. With JAGGAER’s digital procurement platform, the providers of specialty lubricants and tribological solutions will strengthen their supplier management and improve communication with their suppliers in order to secure the supply of innovative products and services, competitive prices, and high quality, punctual deliveries. JAGGAER solutions are employed by the world’s leading manufacturers, including half of Fortune’s Global 500 industrial companies.

“With JAGGAER, we’ll create a central and transparent procurement platform so that we can manage and evaluate our suppliers efficiently. The improved quality in communication with our suppliers will help us strengthen our supplier relationships long-term and will contribute positively to our company’s performance,” said Michael Ruhdorfer, Head of Support, Processes and Reporting at Klüber Lubrication.

As part of the optimization project, Klüber Lubrication will create a strong SRM database for managing supplier relationships within their procurement organization. The database will also be used for other important procurement processes. The first phase of the project will focus on implementing digital supplier evaluations based on hard facts. Later on, the new solution will be expanded to include soft facts and action point management so that supplier performance can be monitored efficiently and improved continuously.

Additional modules will be implemented in the following project phases, including modules for digital complaint processing based on QDX standards, integration of SAP contracts, and electronic RFXs. The solutions will be fully integrated into the company’s existing IT and ERP landscape to ensure continuous processes and enable the automatic exchange of documents and information between systems. Ultimately, this will reduce the need for manual data entry. The connection of multiple ERP systems will create a central platform where purchasers will all have access to the same uniform database. With JAGGAER, Klüber Lubrication will strengthen their supplier relationships and save time and costs by making processes more transparent, reducing the manual administrative tasks for both supplier and purchasers, and improving the quality of processes and data.

About Klüber Lubrication:
Klüber Lubrication is one of the leading global producers of specialty lubricants and offers expert tribological solutions for customers in almost all branches of industry and regional markets.  Many of the products are developed and manufactured to meet specific customer requirements. With more than 80 years of experience, high quality specialty lubricants, and competent and customer-oriented consulting and wide-ranging services, our employees have established Klüber Lubrication's excellent reputation as a partner to industry and trade. The company has all current certificates and one of the leading high-performance testing facilities in the lubricant industry. Klüber Lubrication was founded in 1929 in Munich and is now a full subsidiary of Freudenberg Chemicals Specialities and is a company of the Freudenberg Group, headquartered in Weinheim. Klüber Lubrication has more than 2000 employees in more than 30 countries. | www.klueber.com

About Freudenberg Chemical Specialities:
Freudenberg is a global technology group that strengthens its customers and society long-term through forward-looking innovations. Together with its partners, customers and research institutions, the Freudenberg Group develops leading-edge technologies and excellent products and services for more than 30 markets and for thousands of applications. Strength of innovation, strong customer orientation, diversity, and team spirit are the cornerstones of the Group. The 168-year-old company holds strong to its core values: a commitment to excellence, reliability and pro-active, responsible action. In 2016, the Freudenberg Group employed more than 48,000 people in almost 60 countries worldwide and generated sales of approximately €8.6 billion.

About JAGGAER: Global Indirect and Direct Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with over 1,850 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 indirect and direct eProcurement solutions with advanced spend analytics, complex sourcing, supplier management, contract lifecycle management, savings tracking, and intelligent workflow capabilities. We have pioneered spend solutions for over two decades and continue to lead the innovation curve by listening to customers and analyzing the market. Our solutions suites are trusted by the world’s largest education, manufacturing, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations. Additionally, JAGGAER holds 38 patents–more than any other spend management company. www.JAGGAER.com

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