Technology is leading the way to transform how Procurement departments will connect and integrate into the businesses supply chain. The opportunities to optimise procurement and sourcing is an exciting space to drive business improvement.
In the Fourth Industrial Revolution, Procurement and Sourcing is creating significant opportunity for businesses to develop connected supply chains and routes to market.
The advent of Procurement 4.0 is enabling chief procurement officers to rethink the value added by procurement within the company.
Digital technology and big data are enabling Procurement and Sourcing to be deeply integrated and part of a Connected Supply Chain.
Companies are able to create data models that allow Procurement to understand how customer demand, transportation networks, quality and other parts of the supply chain connect to impact on sourcing.
Powered by this information companies can evolve their relationships with suppliers to build closer connections and integrate back into their suppliers value chain.
Companies looking to optimise spend can easily integrate contract sourcing to ensure compliance and quality management are embedded into their processes. New data sources and the volume of data that is now consumable means that supplier performance can be better managed than ever before.
Decision Inc.’s Procurement Solutions have been developed with our clients to leverage the exciting potential of data to drive Procurement.
saving in non conforming contract spend
reduction in free text ordering
balancing of Procurement to Finance
improvement in time taken to manage vendors
Our Procurement and Sourcing Solutions
Procurement Analytics Framework
The Procurement Analytics Framework is an analytics environment developed to provide integrated reporting across the entire Procure to Pay cycle. This solution provides a range of standard analytical models and forecasting insights to run a successful procurement division.
Contract Management is a critical tool that enables Procurement departments to manage their procurement spend and vendor relationships. Effective contract management and contract compliance measurement is required to ensure the quality and cost are consistently delivered.
The Vendor Portal provides a central space from where vendor compliance is managed. A simple to use, powerful, cloud-based Vendor Management solution that allows you to gain total visibility and control over your vendor portfolio.
Procure to Pay
Core to running a successful Procurement division is the ability to manage vendors and orders across the entire Procure to Pay cycle. Inconsistency in how orders are raised and vendors are paid makes procurement a high risk area and ensuring that process at a systems level are followed with the correct authorisations becomes critical
How we’ve helped our customers with Procurement and Sourcing
Global Pharma company optimises Order Process Inefficiency by 40%