) and SHI International Corp., in association with Ariba, have
formulated a single and centralized e-commerce platform to
simplify business transactions. Both the companies will be able
to boost their performance and profitability with this new
SHI, a global provider of technology products and services, will
share its ideas for success at Ariba Live, which starts on May 6
and will continue for three days. This business and commerce
related event will be held at the Gaylord National Resort and
Conference Center in Washington, D.C.
AGCO, a leading manufacturer of agricultural equipment, has been
facing problems regarding multiple ERP systems and lack of
standard process in the course of its dealings. On the other
hand, SHI started connecting with its customers electronically in
an effort to rationalize the purchasing process for them.
Ariba, an SAP company, helped them to overcome their challenges.
Utilizing the Ariba Network along with its cloud-based
applications, SHI set up an efficient system for online ordering
and e-invoicing to meet AGCO's needs. The technology enables AGCO
to save time and resources and support it to manage contracts,
supplier and invoice. Ariba Network increased spending
visibility, resulting in more savings opportunities for AGCO.
Duluth, GA-based AGCO will enhance its presence in the
Commonwealth of Independent States (CIS), China and Africa
through investing in new products, including upgraded harvesting,
high horsepower tractor and sprayer offerings.
AGCO has planned to spend in manufacturing facilities in 2013,
ensuring the improvement in productivity and growth. In addition,
the Marktoberdorf plant in Germany will augment both production
capacity and efficiency of the company.
AGCO currently retains a short-term Zacks Rank #3 (Hold).
Alamo Group, Inc.
CNH Global NV
Deere & Company
) also belong to the machinery and farming industry. Each of them
holds a Zacks Rank #2 (Buy).
AGCO CORP (AGCO): Free Stock Analysis Report
ALAMO GROUP INC (ALG): Free Stock Analysis
CNH GLOBAL NV (CNH): Free Stock Analysis
DEERE & CO (DE): Free Stock Analysis
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