http://www.opuscapita.com/reports/indirect-procurement-report-2017 and how to overcome them 5 PROCUREMENT PITFALLS receive electronic catalogs from fewer than 10 % of their suppliers. 50 % don’t currently enrich supplier catalogs with additional information. 78 % 39 % Poor 26 % Adequate 26 % Good 9 % Excellent #1 POOR QUALITY OF CATALOG Enable supplier self-service with easy, guided solutions for catalog uploading. Enrich catalog content to improve procurement and financial processes, and monitor data quality automatically. Current process for managing SUPPLIER CATALOGS * Manually and it is typically up to date 54 % Suppliers have self-service options to maintain their data and it is typically up to date 6 % Manually and it is often out of date 23 % Suppliers have self-service options to maintain their data but it is often out of date 17 % feel their supplier onboarding process is poor or merely adequate. 58 % 31 % Poor 36 Adequate % 29 % Good 4 Excellent % Solution causes maverick buying leads to excessive free text ordering results in unnecessary returns #2 MANUAL SUPPLIER INFORMATION MANAGEMENT consumes me impacts all the KPIs related to Source-to-Pay lowers automaon level Current process to keep supplier INFORMATION UP TO DATE * #3 LACK OF VISIBILITY TO SUPPLIER PERFORMANCE adds costs and risks when connuing contracts with poorly performing suppliers hides supply chain bolenecks Current process to rate SUPPLIER PERFORMANCE * #4 INABILITY TO GUIDE BUYING BEHAVIOUR causes gaps in procurement efficiency damages compliance leaves end users with a complicated and unsupporve soluon 19 % Poor 44 Adequate % 30% Good 7 Excellent % Current process to guide BUYING BEHAVIOUR * Solution Make it easy. Nudge end users to preferred suppliers and through pre-approved workflows with intuitive eProcurement solutions. Bring all contract suppliers and categories available in one solution. Implement strict policy to have purchase order before payment. Apply modern analytics and reporting to an aligned Source-to-Pay process to provide comprehensive evaluation of the key aspects of supplier performance. Solution #5 INEFFICIENT SERVICE PROCUREMENT allows no automaon in procurement or AP process causes manual work predefined forms built by suppliers 1 % It is difficult and often result in maverick buying 14 % predefined forms provided by procurement department 37 % Current process to make requisions for COMPLEX, NON-STANDARD PRODUCTS OR SERVICES * Solution Enable supplier collaboration during purchase requisition process with easy checks for price and availability and estimates on time and material needed. Turn the RFQ process into a purchase order that will match with the services and, later, the invoice. OpusCapita enables organizations to sell, buy and pay quickly and securely, with a real-time view of their business. www.opuscapita.com * We asked procurement professionals about their current procurement processes. Find out more – download Indirect Procurement: 2017 Market Report by OpusCapita and SSON. leads to addional costs and overspend Use smart forms together with your suppliers to support bundling of complex products and services. We use free text ordering 45 % Enable suppliers to proactively maintain their data by offering an easy-to-use portal, and reduce the burden of onboarding, sourcing and handling supplier inquiries at your end. Solution
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
http://www.opuscapita.com/reports/indirect-procurement-report-2017
and how to overcome them
5 PROCUREMENT
PITFALLS
receive electronic catalogs
from fewer than 10 %of their suppliers.
50%
don’t currently enrich
supplier catalogswith additional information.
78%
39%Poor
26%Adequate
26%Good
9%Excellent
#1 POOR QUALITYOF CATALOG
Enable supplier self-service
with easy, guided solutions forcatalog uploading.
Enrich catalog content
to improve procurement andfinancial processes, and monitordata quality automatically.
Current process for managingSUPPLIER CATALOGS *
Manually and it is typically
up to date
54%
Suppliers haveself-service options to maintain their data
and it is typicallyup to date
6%
Manually and it is often
out of date
23%
Suppliers haveself-service options to maintain their data
but it is oftenout of date
17%
feel their supplier onboarding process
is poor or merely adequate.
58%
31%Poor
36Adequate
%
29%Good
4Excellent
%
Solution
causes maverick buying
leads to excessive free text ordering
results in unnecessary returns
#2 MANUAL SUPPLIERINFORMATION MANAGEMENT
consumes time
impacts all the KPIs related to Source-to-Pay
lowers automation level
Current process to keep supplierINFORMATION UP TO DATE *
#3 LACK OF VISIBILITY TOSUPPLIER PERFORMANCE
adds costs and risks whencontinuing contracts withpoorly performing suppliers
hides supply chain bottlenecks
Current process to rateSUPPLIER PERFORMANCE *
#4 INABILITY TO GUIDEBUYING BEHAVIOUR
causes gaps inprocurement efficiency
damages compliance
leaves end users witha complicated andunsupportive solution
19%Poor
44Adequate
%
30%Good
7Excellent
%
Current process to guideBUYING BEHAVIOUR *
Solution
Make it easy. Nudge end usersto preferred suppliers
and through pre-approved workflowswith intuitive eProcurement solutions.
Bring all contract suppliers
and categories available in one solution.
Implement strict policy
to have purchase order before payment.
Apply modern analyticsand reporting to an alignedSource-to-Pay process
to provide comprehensive evaluationof the key aspects of supplier performance.
Solution
#5 INEFFICIENT SERVICEPROCUREMENT
allows no automation inprocurement or AP process
causes manual work
predefined forms
built bysuppliers
1%
It is di�cultand often result in
maverick buying
14%predefined formsprovided by procurement
department
37%
Current process to make requisitions for
COMPLEX, NON-STANDARDPRODUCTS OR SERVICES *
Solution
Enable supplier collaborationduring purchase requisition process
with easy checks for price and availabilityand estimates on time and material needed.
Turn the RFQ process
into a purchase order that will matchwith the services and, later, the invoice.
OpusCapita enables organizations to sell, buy and pay quickly and securely,with a real-time view of their business.
www.opuscapita.com
* We asked procurement professionals about their current procurement processes.Find out more – download
Indirect Procurement: 2017 Market Report by OpusCapita and SSON.
leads to additional costs and overspend
Use smart forms togetherwith your suppliers
to support bundling of complexproducts and services.
We use
free textordering
45%
Enable suppliers toproactively maintaintheir data
by o�ering an easy-to-use portal, and reduce the burdenof onboarding, sourcing and handling supplier inquiriesat your end.
Solution
Related Documents
