Procurement Management

Challenges of the Procurement Process

Managing procurement processes and working with suppliers can create conflicting business objectives, including cost reduction, deployment of new products and market innovations, and reduction of risk. As the complexity of procurement tasks increases for most organizations, a large part of all business IT spending happens without the appropriate strategies for governance and oversight. This leaves companies overspending on procurement by an average of 20–25% for the services needed to run and grow their businesses. Maximum spend discipline comes from having ironclad purchasing policies and practices across the business and real-time analytics to know when and where to optimize the procurement process.

There are several issues preventing companies from capitalizing on potential savings, including:

Lack of true spend visibility across departments
Components of the procurement process aren’t integrated or automated
Lack of outcome-based end-to-end procurement processes
Inadequate supplier management
Expensive purchasing outside of contracts
Low contract compliance
Ineffective negotiations

Solutions for Managing Suppliers

The Data Intensity approach to delivering procurement ROI is based upon decades of practical experience in architecting Procurement and Supplier Management solutions. Our Procurement Management services tie directly into your business systems and processes and deliver a lifecycle "Analyze to Settle" methodology.

The ability to offload management of IT procurement helps you manage your business more effectively, driving improved efficiencies, capitalizing on growth opportunities, and establishing a stronger business foundation.

Benefits of Procurement Management

Companies can realize an average yearly savings of 18% or more by understanding their procurement needs and then managing their purchasing accordingly.

This includes savings of as much as:

6% from better management of risk in your supplier base and reducing supplier management costs.
4% by identifying common products and services to leverage volume buys.
8% by implementing enterprise governance for everything you buy.

MAKING THE MOST OF YOUR ORACLE PROCUREMENT INVESTMENTS, AND THE CHOICES AHEAD OF YOU

In this webinar, you will learn about:

Leveraging the cloud and machine learning to make sense of spend data.
Developing and executing on sourcing strategies through e-tendering/eAuctions.
Streamlining supplier qualification and risk management through automation.

Watch Webinar

“Deploying Oracle sourcing via Data Intensity’s SaaS support model allowed for a rapid return on our investment and played a key role in achieving our annual savings objectives.”

VP, Global Procurement
TNBC Inc.