openPR Logo
Press release

Sivantos Listens In To Its Suppliers

04-13-2016 07:59 AM CET | IT, New Media & Software

Press release from: POOL4TOOL AG

ienna | April 7, 2016 – Sivantos, the international producer of hearing aids, is now using eAuctions to guarantee transparent and successful award processes. With the Auction Module from the solution specialists at POOL4TOOL, Sivantos can conduct negotiations more quickly and with multiple suppliers simultaneously. In addition, the use of the module has improved the company’s relationship with its suppliers.

Standardized procedures, fair requirements for providers and transparent award processes are just a few of the benefits of electronically supported auctions. The international producer of hearing aids, Sivantos, demonstrates, however, that not only do these eAuctions help to drive down prices, but they can also be used strategically. Up until 2015, the leading producer of hearing aids was part of the Siemens AG, under the name Siemens Audiology. The eAuction tool that was used by Siemens at that time was carefully evaluated during the re-structuring process, and the independent, mid-sized company reached the conclusion that it would need a different solution. “We wanted a more efficient solution as soon as possible, and one that all of our buyers could use to set up auctions quickly and easily,” explains Shahriar Tabrizi, the Group Chief Procurement Officer of the Sivantos Group.

Project Completed in Record Time

“With POOL4TOOL, we were able to complete the project in record time. It was only three months from the first meeting to the first live auction.” The eSolution won the company over with its intuitive operating system and its general versatility. The innovative real-time sync function transfers all data in real-time to the web-based platform, which makes the negotiation process more dynamic. The user-friendly operating system keeps training sessions to a minimum, and the employees at Sivantos can use the tool from any of the company’s international locations without delays or lagging. This also gives every supplier a fair chance during the bidding process.

Currently, 25 category managers at Sivantos are working with POOL4TOOL and they use the eAuction Module to conduct all of their price negotiations with approximately 5,000 suppliers. The module is used for both direct and indirect materials. Standardized procedures and automated processes make it easier for procurers to reach the best price and to map out an eAuction strategy. “If the price is determined using the tool, the company is guaranteed the best possible results because the auction procedure is already established and standardized,” explains Shahriar Tabrizi. The tool does not replace personal contact between buyers and suppliers, but rather serves as a valuable addition.

Same Rights for Everyone

It was important for Sivantos to guarantee the same terms for all of their suppliers. “With POOL4TOOL, we can offer our suppliers a standardized platform that provides everyone with the same opportunity to participate in the auction. This makes the negotiation process fair and transparent. We don’t want any unfair competition that results in a David and Goliath situation,” says Tabrizi.

Sivantos can now conduct its negotiations more quickly and with multiple suppliers simultaneously thanks to POOL4TOOL eAuctions. Communicating using the tool makes it easier to determine prices and saves time. Requirements are carefully specified by the purchaser and suppliers respond with concrete quotes. Personal appointments and presentations, which were needed in order to communicate a company’s requirements, are no longer necessary. The tool requires buyers to be specific to provide all of the requirements exactly. Inquiries upon request, which often led to misunderstandings, are now a thing of the past.

About 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.

Kathrin Kornfeld
POOL4TOOL AG
Altmannsdorfer Str. 91/19
A-1120 Vienna

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Sivantos Listens In To Its Suppliers here

News-ID: 332014 • Views: 890

More Releases from POOL4TOOL AG

Direct Procurement: JAGGAER and FACTON Partnership
Integration of Should Costing in Procurement Offers Huge Potential Vienna| Mason, OH. | Potsdam – July 25, 2017 – JAGGAER, provider of the world’s most comprehensive Source to Pay (S2P) suite for indirect and direct spend solutions, and FACTON GmbH, the leading provider in enterprise product costing for the automotive, aerospace, mechanical engineering, high-tech and electronics sectors, are forming a strategic partnership to provide their customers with digital, efficient processes for
„Alexa, ask POOL4TOOL …”: Next Level Amazon Integration
POOL4TOOL Pushes Its Digital Procurement Strategy Forward and Is the First Solution Provider to Integrate Digital Voice Control into Its Procurement Application Vienna | Munich | Belgrade | Detroit |Singapore | Dubai, May 22, 2017 –POOL4TOOL, the digital procurement specialist, has integrated Alexa and Alexa-compatible devices into its application, making it the first software provider to simplify routine tasks in Procurement with the help of voice control and Amazon’s audio device.
Savings in Purchasing Are More Than Doubled Thanks to Bundling
POOL4TOOL Customers Confirm Added Value from Digital Procurement Processes Vienna | Munich | Belgrade | Detroit | Dubai | Singapore, May 9th, 2017 – POOL4TOOL, the leading software specialist in digital procurement, conducted their annual customer satisfaction survey and received positive feedback. By digitizing their procurement processes, customers were able to significantly reduce their process and material costs. Customers are relying on the intelligent Procurement platform more and more to connect
eProcurement: Digital Amazon Business Integration with POOL4TOOL
Customers get access to millions on items on the Amazon platform Vienna | Munich | Detroit | Singapore | Dubai, 25. April 2017 - POOL4TOOL, the international market leader in Direct Procurement, is offering customers of its intelligent procurement platform even more value. With the new Amazon Business integration, companies can now access millions of items on the Amazon platform and integrate them into their Procure-to-Pay processes. Customers benefit from the

All 4 Releases


More Releases for Sivantos

CIC Hearing Aids Market 2021-2027 Global Industry Analysis | William Demant, Siv …
CIC Hearing Aids market research helps to become more efficient and thereby get closer to your customers. It is a cost-effective method wherein there is no need to hire an expensive firm to start off. It helps one in the competitive market. Powerful and quick insights can put your products on the highest edge. There are many ways to conduct market research and gather customer information. The most common market
Hearing Aids Market Growth Insights, Key Manufacturers | Sonova Holding AG, Siva …
Technologically advanced devices offered by market players with additional features such as wireless technology or multi-listening program are expected to fuel growth of the hearing aids market over the forecast period. Moreover, key players such as Sivantos Inc. and Sonova Holding AG are focusing on development of innovative products, in order to expand their product portfolio and their market presence in emerging economies such as Singapore, China and India. For
Tinnitus Management Market to Get a New Boost | Sivantos, Widex, Puretone,Sonova
Stay up-to-date and exploit latest trends of Tinnitus Management Market with latest edition released by AMA. A Latest intelligence report published by AMA Research with title "Tinnitus Management Market Outlook to 2026.A detailed study accumulated to offer Latest insights about acute features of the Global Tinnitus Management market. This report provides a detailed overview of key factors in the Tinnitus Management Market and factors such as driver, restraint, past and current
Hearing Aids Market Global Outlook 202-2024: Horentek, SeboTek Hearing Systems L …
The Global Hearing Aids Market Research Report 2021-2024 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report. The Global
China Industrial Hearables Market: Sivantos, Sonova, Cochlear, MED-EL
MarketResearchReports.Biz adds “China Industrial Hearables Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Industrial Hearables market and the growth estimates for the forecasted period. The Industrial Hearables Market has been comprehensively detailed in the report with special focus on a range of key elements such as market share, forecast and base figures, CAGR, driving factors, growth restraints, and
World Behind-the-ear (BTE) Hearing Aids Market 2018 - Sonova, Sivantos, Starkey
Apex Market Reports, recently published a detailed market research study focused on the “Behind-the-ear (BTE) Hearing Aids Market” across the World, regional and country level. The report provides 360° analysis of “Behind-the-ear (BTE) Hearing Aids Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the World PP Pipe industry, and estimates the future trend