eProcurement: Instant Transparency
Vienna | Research Triangle, NC, USA | Essen, August 09, 2017 – ifm, the specialist for sensors in automation technology, has said goodbye to manual processing in indirect procurement once and for all. With the eProcurement digital procurement tool from JAGGAER, provider of the world’s most comprehensive Source to Pay (S2P) indirect and direct solution suite, more than 6000 employees will soon be able to submit and track requests. Additional functions such as SSO (Single Sign On) and the user-friendly interface increase performance. ifm can use the tool to negotiate prices for indirect materials more easily and more quickly. Read the whole success story: http://hubs.ly/H08k3yM0
ifm electronic gmbh, a leader in automation technology, has always been ahead of the curve when it comes to using digital processes in indirect procurement. The catalog solution that the company had been using could no longer keep up with ifm’s growth. The company now buys more than 7,000 catalog items from approximately 850 suppliers, and processes more than 2,500 free text purchase orders per year. The scale and range of the company’s processes could no longer be covered satisfactorily, and ifm had limited control over the selection of catalog providers. The external platform between the sensor specialists and their suppliers also left little room for negotiating prices. Leo Grenz, who is responsible for organizational projects in procurement at ifm, concisely summarizes the company’s needs as follows: “We wanted an eProcurement tool that would be free for our suppliers to use and would make us more flexible by giving us the opportunity to select our own catalog providers and negotiate our prices more independently.”
The decision to implement an eProurement tool that would be integrated into the ERP system and would be compatible with other systems in the company was a logical next step. JAGGAER has long been ifm’s partner of choice for addressing complex procurement issues. Since the two companies began working together in 2009, ifm has been handling procurement and RFQs for production materials, and strategic supplier management using JAGGAER’s solution. By adding pure eProcurement, ifm now controls its own catalog management, which is connected to procurement processes in the system.
Read more: http://hubs.ly/H08k3yM0.
Say Goodbye to Manual Processing
Price negotiations and the selection of catalog providers are no longer limited, and even items that are not in a catalog can be easily purchased using the system. Previously, these kinds of PREQs had to be processed manually by Procurement, which was a more time-consuming process that resulted in more errors. Soon, free-text PREQs will trigger an automatic workflow that will turn PREQs into purchase orders. This completely eliminates the need for any manual steps for Procurement. ifm can now select their catalog providers on their own and negotiate prices more independently.
In addition to shorter processing times, eProcurement also ensures transparency for its users thanks to its simple user interface. Each user can track his or her PREQ in JAGGAER, and can instantly access all of the relevant data without searching in an external sub-system or contacting a third party, meaning that users only have to sign in once during the process. The tool is easy to use and has an intuitive, clear interface. Leo Grenz confirms that: “A system that is going to be used by many users must be simple, transparent, and self-explanatory. eProcurement fulfills offers precisely that level of comfort.”
About the ifm Group: Measuring and controlling - When it comes to pioneering automation technology, ifm electronic gmbh is the ideal partner. Since the foundation of the company in 1969 ifm has shaped industrial automation by continuous new developments in the field of sensors, controllers and systems. Today the family-run business in second generation with about 6,000 employees in 70 countries is among the world-wide industry leaders. ifm‘s exceptionally large product portfolio does not only cover all relevant standard solutions but also the special requirements of individual industries. In 2016, the company achieved a turnover of more than 775 million euros. www.ifm.com
JAGGAER offers the only comprehensive and complete spend solution suites enabling commerce between any businesses, anywhere. We pioneered spend solutions over two decades ago and have continued to lead the innovation curve by listening to customers and analyzing the market. Our solutions suites are trusted by the world's largest higher education, manufacturing, pharmaceutical, life sciences, automotive, engineering, construction equipment, serial production and medical technology companies. Our indirect and direct spend solutions suites collectively form a global network processing billions of dollars in annual spend between 900+ customers and 2.5 million suppliers. JAGGAER’s SaaS based, Source to Pay (S2P) solutions enable an efficient relationship between buyers and suppliers, covering the entire spectrum of needs, from spend analysis to sourcing, through contract and supplier relationship management. Additionally, JAGGAER holds 38 patents, more than any other spend management company, and acquired POOL4TOOL in 2017. Learn how our solutions can power your organization. www.JAGGAER.com | www.pool4tool.com
JAGGAER | Kathrin Kornfeld | Corporate Communications Manager | Wienerbergstraße 11 | A-1100 Vienna| Mobile: +43 (1) 80 490 80 | Email: firstname.lastname@example.org
This release was published on openPR.
Permanent link to this press release:
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 eProcurement: Instant Transparency here
News-ID: 662333 • Views: 544
More Releases from JAGGAER
JAGGAER’s eProcurement Solution Integrates SAP Fiori App for User-Friendly Int …
Vienna | Mason, OH. – September 14, 2017 – JAGGAER, producers of the world's most comprehensive Source to Pay (S2P) solutions suite, today announced its recent eProcurement solution software compatibility expansion with SAP Fiori apps for a more user-friendly interface. Developed in cooperation with Villeroy & Boch, a leading global premium ceramics manufacturer, the compatibility expansion now enables customers to integrate their purchase requisition and approval processes into their SAP
Heraeus Implements JAGGAER eProcurement Solution
VIENNA, AUSTRIA – September 07, 2017 – JAGGAER, producers of the world's most comprehensive Source to Pay (S2P) solutions suite, today announced that Heraeus, a leading international technology group based out of Hanau, Germany, has implemented JAGGAER’s eProcurement software solution to standardize and digitize its procurement process. “In addition to the value we gain in updating our procurement platform using JAGGAER’s comprehensive procurement software, we plan for future expansion of our
JAGGAER to Conduct Digital Procurement Technology Survey to Measure Internationa …
VIENNA, AUSTRIA – August 23, 2017 – JAGGAER, producers of the world's most comprehensive Source to Pay (S2P) solutions suite, today announces the launch of their international, online self-assessment survey, “Digital Procurement: Just Hype or the New Standard?” Procurement professionals from around the world are encouraged to participate in answering questions regarding their current knowledge and implementation of new digital procurement technology. JAGGAER will be collecting survey responses through September
Digital Procurement: Consistent Global Prices In Real-time
JAGGAER Presents New Global Price Management Feature Vienna | Research Triangle, NC, USA, August 02, 2017 – International companies that want to buy at the same prices around the globe finally have the tool they’ve been waiting for. JAGGAER, provider of the world’s most comprehensive Source to Pay (S2P) suite for indirect and direct spend solutions, presents its new product, Global Price Management. Global Price Management makes it easy to compare
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
New whitepaper for Procurement professionals
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
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