New Perspectives in Procurement with Digital Category Management

More Success in Procurement with Integrated and Intelligent Commodity Management

Vienna | Munich | Detroit | Singapore | Dubai, February 22st, 2017 – Integrated and intelligent category management strategies can open up new opportunities in Procurement that can lead to reduced purchase prices in each commodity and can also help to minimize risks and avoid threatening additional costs. The world market leader in optimizing processes for Direct Procurement has a new “Category Management” tool that makes it easier for customers to translate their category management strategies into tactical processes and add more value to the company.

How can a global commodity strategy be put into practice? The gap between planning an implementation in Procurement is larger than in any other branch. Reasons for this include unstructured processes, a lack of transparency, strategies that do not address real, day-today needs, or simply having the wrong technological framework (or none at all). This leaves a great deal of potential unused. POOL4TOOL, the world market leader for optimizing processes in Direct Procurement, is introducing a new tool that will make it easier for Procurement to put their commodity strategies into practice using tactical processes. These processes extend into every department, ranging from supplier management strategy and selecting suppliers using a TVO approach, to QM and standards, supply chain execution (i.e. connecting suppliers), more Governance & Controlling, and sustainable and effective supplier development. (http://hubs.ly/H06nScm0)

“Our new tool helps our customers to actively avoid problems within their categories instead of simply managing them. This allows them to reduce their overall costs more sustainably than by merely relying on price reductions for individual materials. Our customers know from experience that on average, material costs only make up 60 % of the total costs. Best –in-class procurement departments also have the remaining 40 % under control because they are familiar with all of the QM, supply chain, process, and risk costs, and can therefore manage them more effectively. This is our starting point for integrated Category Management,” explains Georg Rösch, Vice President of Product Management & Presales at POOL4TOOL AG.

Integrated, intelligent and innovative (http://hubs.ly/H06nScm0)

The new pure Category Management tool is an integrated and intelligent solution that provides buyers with a 360° overview of all commodities and supplier strategies, and makes it easy to plan, control and manage information for each category from one central dashboard. This creates a foundation for making informed decisions and for creating supplier strategies that are based on data and facts. Using this tool means that buyers always have the most up-to-date information about their categories and the most important KPIs because all of the relevant data from other POOL4TOOL modules, the ERP system, and external expert sources, are integrated into the dashboard. The module helps buyers stay on top of things, even in volatile markets and supply chains, because they can adapt their strategies immediately when important parameters change.

This helps buyers meet the stakeholder’s and the company’s expectations more effectively, and positions them as long-term value adding partners. Using the right strategy not only reduces purchase prices in every category, but also maximizes value, minimizes risks, and avoids surprises from unexpected additional costs. Potential problem areas in each category can be addressed right from the beginning thanks to increased transparency, and suitable commodity strategies can be implemented globally. (http://hubs.ly/H06nScm0)

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 | 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.