openPR Logo
Press release

New whitepaper for Procurement professionals

08-16-2016 06:24 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: POOL4TOOL AG

Vienna | Stuttgart | Munich | Belgrade | Detroit | Singapore | Dubai, 16. August 2016 - With the new whitepaper, "The Direct Material Procurement Challenge", the procurement software vendor POOL4TOOL is giving buyers a new tool. The whitepaper covers the challenges of Direct Material Procurement, what's important to consider when choosing a software solution, and the potential hidden in Direct Procurement. The publication is part of a new information campaign from POOL4TOOL. http://p4t.info/openprdmpcwpen

The difference between Direct and Indirect Procurement is well-known among Procurement professionals. Direct Material Procurement is unique. For example, parts and components that go into the product have different quality criteria to indirect goods and services. Compliance, quality, and multi-level bills of materials are key specificities. On top of that, materials’ requirements for suppliers and the whole supply chain are more and more complex. All these differences are often not sufficiently taken into account when selecting a software solution. "Indirect solutions cannot meet the specificities of Direct Material Procurement. People have to use the right tool for the right job!” says Bertrand Maltaverne, Senior Consultant, POOL4TOOL AG, from experience.

New whitepaper as a tool for Procurement professionals

Due to the complexity of Direct Procurement, it is difficult to choose the right solution, even for Procurement professionals. To help Procurement professionals in selecting or assessing Procurement solutions, POOL4TOOL has just released a new white paper which is part of the broader communication campaign, started in July. Written by Procurement pro, Michael Lamoureux from Sourcing Innovation, “The Direct Material Procurement Challenge” provides new and fresh insights into Direct Material Procurement and explains: why Direct Procurement is so different from Indirect Procurement, how much using the wrong tool can cost you, and what the six-step supplier management process at the heart of world-class Direct Procurement is. In addition, it includes a full checklist of what you must check with Procurement software vendors.

Number one for Direct Procurement

POOL4TOOL understands the problems and concerns of Direct Material Procurement very well and has therefore published the whitepaper with input from the field. Based on his experience with numerous customers from companies in plant & mechanical engineering and in the automotive industry, POOL4TOOL CEO Thomas Dieringer understands the importance of Supplier Relationship Management for manufacturers and the strict requirements for suppliers. "The requirements in each Procurement category are very unique and complex. In Direct Material Procurement, suppliers can increasingly become partners in the development phase. Switching suppliers requires a prohibitive amount of effort and cost, which is something Procurement wants to avoid. Targeted risk management helps insure companies against supplier disruptions."

The whitepaper “The Direct Material procurement Challenge” can be downloaded here: http://p4t.info/openprdmpcwpen

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. Learn more at www.pool4tool.com.

POOL4TOOL AG
Kathrin Kornfeld | Corporate Communications
Altmannsdorfer Straße 91 | Top 19 | A-1120 Vienna
Telephone: +43 (1) 80 490 80
Email: kathrin.kornfeld@pool4tool.com

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 New whitepaper for Procurement professionals here

News-ID: 356483 • Views: 920

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 5 Releases


More Releases for Procurement

Procurement Goes Digital
POOL4TOOL will hold the first Digital Procurement Day in Vienna Vienna | Munich | Stuttgart, February 10, 2017 - POOL4TOOL is holding the first Digital Procurement Day on March 30, 2017, in Vienna. In talks, discussions and presentations, participants from the worlds of Procurement and Logistics will learn how they can use the positive effects of digitization to benefit their own companies. They will be joined by experts from KPMG, riskmethods
Modern procurement platform Online-Cygrus
Blue Prism Networks, Bangalore has launched its prestigious website www.cygrus.com, the world’s best procurement platform for business. Cygrus will interface with millions of customers, sellers and products around the globe, all in one place. Built on the latest technology, customers will now find it 10x times faster and accurate to source their products. Organizing and access of procurement data such as products, enquiries, quotations, orders, and payments will be a
The school procurement process
Schools, like all public sector bodies and larger private sector organisations, conduct their procurement according to budgets. These budgets are set at the top of the organisation’s tree and filtered down to the budget holders who have been given the responsibility to spend this money. Spend being the operative word. School procurement is a little bit like a communist society – spend it or lose it.
Public Sector ICT Procurement
European Seminar, 4th – 5th March 2013, Berlin, Germany The European Academy for Taxes, Economics & Law invites representatives from all public institutions on national, regional and local level planning ICT projects and the procurement of ICT solutions, as well as providers of ICT solutions for the public sector, lawyers and consultants in the field of public procurement to the European Seminar “Public Sector ICT Procurement” to take place in Berlin
Pharma Outsourcing & Procurement Summit 2012
Pharma Outsourcing & Procurement Summit 2012 3rd-4th May 2012, Berlin, Germany www.outsourcingevent.com Pharmaceutical outsourcing is growing exponentially amidst challenging price restrictions, US health care reforms and reduced revenues. The Pharma Outsourcing and Procurement Summit 2012 addresses the urgent need for pharma to identify and locate the best outsourcing partnerships and solutions to stay competitive in an uncertain climate whilst addressing heightened regulatory pressures and need to maintain high quality standards. The summit
Procurement in the 21st century: global procurement study
Berlin, September 20, 2009: The procurement experts of the ZLU Consulting und Management GmbH & Co. KG start the greatest study based on sample size, scope and global focus with immediate effect on procurement in the 21st century. The global focus of this study is underpinned by the collaboration with ICC Deutschland e.V. (the German branch of the International Chamber of Commerce), the most important German Chambers of Commerce Abroad