Procurement & Supply

Service Description

The digitisation of many traditional aspects of procurement is already under way, as companies use a variety of big data tools and techniques to connect more closely with suppliers, aid the planning process, improve sourcing, actively manage supplier risk, and boost collaboration. Digitising procurement will radically change the processes, tools and skills required, and transform the value proposition of the procure to pay (P2P) process. With robotic process automation (RPA), cloud-based applications, sophisticated analytics, mobile computing, and big data all expected to experience significant growth, embracing these tools has never been more important. The qualifying criteria for value addition to the organisation is set as: a) Developing a reliable vendor base b) Build high-performing vendors c) Achieving higher linearity of supplies d) Vendor inventory management Business benefits results in: a) Material/overheads cost reduction b) Reduction in lead time reduction c) Improved service levels d) Significant reduction in inventory levels The business benefits realisation (ROI) depends on comprehensive scalable solution, adoption by an organisation and its maturity time lines.

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