Achieve best value from your direct and indirect spend by controlling procurement processes
Procurement, often referred to as eProcurement and Source-to-Contract, is more than simply purchasing products and services at the most favourable price and the best quality. An effective eprocurement system can result in considerable cost reductions, better supplier relationships, better contractual terms and conditions, and more efficient processes.
As part of our annual conference – Proactis ReThink – we welcomed Peter Smith, Managing Director at Procurement Excellence Ltd. and former Managing Editor at Spend Matters UK/Europe, to share his views and visions on procurement.
Here, he talks about the Future of Procurement.
To achieve more with your procurement budget while retaining grip on your business risks, it is important that your needs are defined effectively and your suppliers are selected with care. Every qualification requires a transparent process, from defining the procurement strategy to the proposal process and the assessment and selection of suppliers. Our eProcurement solutions will support you throughout the entire process.
You have carefully stipulated the best possible contractual terms and conditions with your suppliers, these agreements should now be utilised by everyone within your organisation. Procurement should no longer take place outside the agreed contracts. Ensure you can effectively register, manage and communicate agreements with your organisation, while having access to real-time insight into all your active contracts and financial liabilities.
Get more out of your Procurement management by streamlining your processes using powerful eProcurement solutions for supplier management and contract management. This results in improved business planning, more effective category management, objective supplier qualification, more efficient negotiations and better contract management. Our Procurement software will help you achieve your goals simply and effectively.
A practical first step to assessing your Source-to-Contract process