​New ​SRM-​Tool: Manage Procurement Projects More Easily

Live Webinar: Exclusive Presentation of pure Savings Tracking

Vienna | Stuttgart | Munich, January 26, 2017 – Purchasing departments work hard and play a critical role in any company’s success, but others often get all of the credit. The new pure Savings Tracking tool gives buyers more control over their savings initiatives and makes it easier to share their success within the company. The software vendor and market leader in Direct Procurement, POOL4TOOL, will introduce the new tool for the first time in an exclusive, live webinar for German speakers on February 14th, 2017. Find out more and register for free here. (http://webinar.pool4tool.com/savings-tracking-webinar-pool4tool)

“At the request of many of our customers and other interested parties, we have completely redesigned and revamped the Savings Tracking module. The new software is more flexible, easier to use, and performs better than before. This project has received a lot of attention, which shows that high quality savings tracking tools are in high demand in purchasing departments. We are certain that our tool will provide our customers with real and significant added value,” says Georg Rösch, Vice President of Product Management & Presales at POOL4TOOL AG. “Our module is much more than just a tracking tool. Purchasing can also collect savings ideas and share them, creating an internal database of ideas that can be accessed later on. This means that the module supports the entire process before savings tracking even begins, from the initial idea, to the verification and control processes, to the approval by the Head of Procurement or a council. (http://hubs.ly/H060pDG0)

pure Savings Tracking serves as a main platform for all procurement projects, activities, and savings initiatives. It makes it easy to keep track of running costs and savings for individual materials, commodities, purchasing organizations, factories or vendors. Buyers can use up-to-date target-actual comparisons with set procurement goals to inform their next steps and actions so that changes can be made, if necessary. This tool gives Purchasing control over sourcing and allows the department to analyze savings in real time and share the results with management and other stakeholders. A workflow directs required releases so that Purchasing can increase compliance with internal guidelines and regulations.

Make Success in Procurement Transparent
(http://hubs.ly/H060pDG0)

In order to gain a complete overview of all activities within Procurement, the department can consolidate data from other sources (Excel, ERP, third-party systems and other POOL4TOOL modules) in the pure Savings Tracking module, and can add manual entries as well. Purchasing can use this information to design effective procurement strategies for its commodities, and can take the next steps to plan and implement these strategies, all using the same tool. These steps might include reducing the cost of materials, re-negotiating existing service or leasing contracts, make or buy decisions, or analyzing the effects of currency.

Every procurement market is different, and set processes may sometimes have to be adjusted on short notice. This is why the new module was designed to be as flexible as possible. In addition to offering customizable interfaces, the tool can also be applied for a wide range of tasks and scenarios, such as for production materials as well as for investments or other MROs. Savings can also be calculated in different ways. The module supports classic “old price vs. new price” models, as well as more flexible calculation patterns, depending on the user’s individual needs. The tool is based on a workflow that can easily be adapted to various requirements or changing needs.

Webinar: Get an Exclusive Sneak Peek

Get an exclusive first look at the new pure Savings Tracking in the free Live webinar “Savings analysieren und Potentiale identifizieren” for German speakers on February 14th, 2017 from 3:00 p.m. – 4:00 p.m. Participation is free. Find more information and register for free at http://webinar.pool4tool.com/savings-tracking-webinar-pool4tool.

POOL4TOOL AG is the global market leader for electronic process optimization in "direct procurement", with locations in America and Asia and over 300 clients. The only worldwide All-in-One Supply Collaboration Platform brings together all process from product development through strategic procurement (sourcing),supplier management (SRM), indirect procurement (procurement), Supply Chain Management (SCM) up to Quality Management in one workflow-based solution. POOL4TOOL offers best practices from successful projects with global market leaders from the automotive, engineering and equipment construction, serial production and medical technology branches, as well as a unique supplier network with over 300,000 connected companies.

POOL4TOOL AG
Altmannsdorfer Straße 91/19
1120 Wien | Österreich
Kathrin Kornfeld
Corporate Communications Manager
kathrin.kornfeld@pool4tool.com
+43-1-80 490 80

This release was published on openPR.