In our previous post, we looked at what trends in the area of human resources management will dominate purchasing departments in 2019. This time it is time to look at modern technology, i.e. IT systems supporting the area of supplier management.
What can we expect in the year that has just begun? Will it bring change?
Purchasing process optimisation - trends for 2019 part I
Read entry →A key element of supplier management - the IT system
In our view, no revolution should be expected. IT systems will deliver a number of important benefits and investment to implement the best solutions will be one of the key elements of supplier management strategies.
In which areas will they be used? It is worth focusing on three key benefits:
Savings
Modern IT system allows and will continue to allow savings to be made. This is because its implementation makes it possible to automate many repetitive processes throughout the purchasing cycle (Procure to Pay - P2P), and this in turn makes it possible to free up resources in purchasing departments and redirect them to activities that generate more added value.
Detailed supervision of key cost and quality parameters
Modern IT solutions are also indispensable for monitoring cost and quality parameters. With a coherent and comprehensive control system, it is possible to quickly identify and eliminate process steps that expose the company to inefficiency and result in lower market competitiveness.
Immediate access to data
Information systems used in the area of purchasing enable access to all key data in real time. This gives high-level managers instant access to information and analysis on key areas of their business.
The results of the analyses can be used in commercial negotiations or supplier development programmes.
Customer centricity through “agile” purchasing
All the benefits described above add up to yet another value for any company - enhancing positive customer experiences by increasing “agility” in the purchasing area. Modern information systems enable fast and accurate decisions to be made, allowing a focus on changing customer needs.
Agility makes it possible not only to react instantly to problems as they arise, but above all to build a competitive strategy and raise the level of innovation in the company.
ESSA
EVENEUM developed by ESSA information system, which can be used as a comprehensive eco-system for multifaceted cooperation with suppliers. ESSA system unites the strengths of logistics, quality, research and development, purchasing and management in shaping the vision for long-term supplier relationships. If you are interested in learning more about the possibilities of our system - fromeager to hear from you.
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