Procurement Management

Challenge

Procurement functions are increasingly tasked with managing and optimizing what are sometimes conflicting objectives in the supply base including; cost reduction; new product/market innovations; reduced risk. As the complexity of supply is increasing for most organizations, a large part of of all B2B spend happens without appropriate governance and oversight. Without this, companies are overspending by an average of 20-25% on goods and services needed to run and grow their businesses. Maximum spend discipline comes from having iron-clad purchasing policies and practices across the business and tied to real-time analytics to know when and where to optimize.

There are several issues that are preventing companies from capitalizing on potential savings, including:

  •   Components of procurement process aren’t integrated or automated
  •   Lack of outcome-based end to end process
  •   No visibility into procurement across departments
  •   Expensive rogue purchasing outside of contract

Solution

The Data Intensity approach to delivering ROI for our customers is based upon decades of practical experience in architecting Procurement and Supplier Management solutions that tie directly into the supporting business systems and processes in a lifecycle ‘Analyze to Settle’ Methodology.

Benefits

Companies can realize an average yearly savings of 18% or more by understanding what they are spending and where, and then managing their purchasing accordingly.

This includes savings of as much as:

  •   6% from better management of risk in your supplier base and reducing supplier management costs.
  •   4% by identifying common products and services to leverage volume buys.
  •   8% by implementing enterprise governance for everything you buy.

MAKING THE MOST OUT OF YOUR ORACLE PROCUREMENT INVESTMENTS, AND THE CHOICES AHEAD OF YOU

In this webinar, you will learn about:

  •   Leveraging the cloud and machine learning to make sense of spend data.
  •   Developing and executing on Sourcing strategies through etendering/eAuctions.
  •   Streamlining supplier qualification and risk management through automation.
Watch Webinar

“Deploying Oracle Sourcing via Data Intensity’s SaaS support model allowed for a rapid return on our investment and played a key role in achieving our annual savings objectives.”

VP, Global Procurement
TNBC Inc.

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