Procurement

Slide 1

Define objective criteria for evaluating strategic supply partners and follow verifiable, near real-time metrics to help you answer critical questions and weigh your options.

Historically strategic sourcing has been difficult for a variety of reasons. First of all, Procurement professionals are often burdened with low-value tasks like manually gathering all the important data. Secondly, suppliers don’t have a clear understanding how their customers evaluate them and even when presented with guidelines often fear that the data is biased or inaccurate.

Lastly, evaluation criteria is not the same for every company and price is not always the deciding factor - quality and on-time delivery can be equally or more important. BI systems can help procurement professionals overcome all these obstacles and engage in truly strategic sourcing.

Improve Process Efficiency

Improve Process Efficiency

Don’t waste yours and your team’s time on low-value, repetitive tasks like manual data processing, consolidating data from multiple disparate sources. An effective BI system can drastically decrease the time and effort needed.

Gain transparency

Gain transparency

Link mass data from older, failing BI systems and other sources in order to be able to perform fast and interactive analysis across departmental and functional boundaries. Gain transparency and set up internal benchmarking.
Optimize purchasing operations

Optimize purchasing operations

Gain a detailed insight into the delivery reliability of each supplier, evaluate supplier performance against agreements and understand if current contracts are effective to increase your profitability.

Avoid compliance issues and related costs

Avoid compliance issues and related costs

Fragmented and inaccurate data can cause compliance issues and non contact compliance drives up price which leads to high transaction costs and long supplier negotiations. A BI system reduces the overall product/process costs and compliance related issues.

Tesa Tape - Case Study

Faster data analysis and reporting for increased responsiveness to trends and customer demands