“We now have one point of reference for all sourcing project-related information, such as contacts, tender documents, standard library documents, specifications, rating schemes and offer documents. This is important to the Group as it helps guarantee a high level of quality tender and supplier interaction. This, in turn, generally improves pricing, quality and supplier relationships, and also vastly helps with compliance. We can now control and document our processes systematically through our template and through the solutions functionality.”
The improved transparency and compliance through systematic and standardized sourcing templates, including scoring/weighting and approval functionalities, has enabled the Group to follow a much more consistent path for all procurement projects.
After only a couple of months the Group has achieved additional savings generated due to improved supplier performance. A much more stringent process is in place, helping to keep track of approvals, decision making criteria and historic documents, and this has already shown efficiency increases when needing to check back on historic documents.
“During one of our project meetings,” concluded Philipp, “it was stated that this was the lowest price we’d ever achieved on a particular category.”