openPR Logo
Press release

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

01-26-2017 02:57 PM CET | IT, New Media & Software

Press release from: POOL4TOOL AG

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.

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

News-ID: 422408 • Views: 796

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 Savings

Savings fall amidst pandemic: BankBazaar Savings Quotient 2020
Chennai, September 17, 2020: BankBazaar, India’s leading online marketplace for financial products, issued the ‘BankBazaar Savings Quotient’ as a follow-up to their ‘BankBazaar Aspiration Index 2020’ (BAI 2020) released in July. While the BAI 2020 attempted to understand the Indian working professionals from the perspective of their aspirations, the Savings Quotient presents a reality check on their perceived capability to achieve it by rendering a coherent picture of their
SEVEN DAYS, SUPER SAVINGS
Limited time offer, now enjoy up to 50% off standard rates (Bandung – July 2016) If you have been waiting for the right moment for a getaway, now is your chance! Enjoy up to 50% savings on stays at Sheraton Bandung Hotel & Towers. But that's not all – SPG members save an additional 5%! Book between 18 - 24 July 2016 to enjoy these exclusive rates and stay with us
Price indicator with savings potential
The new manual price indicator GLP-I signifies substantially shorter set-up times Balingen, 13th May.2011 - The label printers for product labelling from the GLP range by Bizerba can be used in the food processing industry, the production industry and in logistics. At the International Packaging Trade Fair Interpack from 12th until 18th May 2011 in Düsseldorf (Hall 14, stand C 14), the Swabian solutions provider will be presenting a
Quality Assurance Increases Savings
The plastic cups that we get at drinks machines are essentially mass produced products. Nevertheless, when they are being manufactured they have to meet up to twelve strict quality criteria. At the Swiss manufacturing factory of Bellaplast AG in Altstaetten (SG) quality checks are carried out using a METTLER TOLEDO Statistical Quality Control system. The system saves up to 10 kg of material per hour. Such ambitious objectives can only be
High savings potential in solvents
Babenhausen, 08.04.2009. Plants that us flammable solvents during production know well the problems which arise when the solvents are heavily polluted by paint, varnish, oil or fat and have to be replaced by new ones. Contaminated solvents must be stored and disposed in accordance to the strict regulations and new solvents have to be purchased regularly. The disposal and purchasing costs arising from this are a significant cost for every
Security Savings Bank Scholarship Applications Due
Henderson, Nevada -- Security Savings Bank today announced that applications for its 2008 Scholarship Program are due April 1, 2008. The Security Savings Bank Scholarship Program provides scholarship recipients with up to $1,000 in financial assistance. Security Savings Bank scholarships are provided to low-income students residing in Clark County. Applicants are evaluated on 1) demonstrated leadership qualities, 2) involvement in the community, 3) clarity of direction and goals,