How Future Ready Is Your Supplier Collaboration Strategy?

1. Eliminating paper-based, manual processes (such as PO/Invoice) and time-consuming supplier inquiries can help purchasing teams to focus on more value-added tasks. Is your process from quote to invoice automated and paperless?

No, we still rely on traditional, paper-based methods.

We use a mixture of digital and manual processes.

Yes, our processes are digital and automated.

2. A comprehensive supplier network with process and compliance automation can give businesses savings of $3-5M per $100M spend. Has your company implemented a supplier network?

No, we have not implemented a supplier network.

Yes, but it is strictly transactional and cost-focused.

Yes, and it is well incorporated and integrated with various capabilities such as online catalogues, auction functionality of commodities, high-volume electronic invoicing and better matching of order quantities to available inventory.

3. Employing a large and extensive Business to Business (B2B) Network can open your business to new horizons. Do you currently have access to a broad selection of potential new supply partners?

Access is limited to suppliers that we know of and have built an ongoing relationship with.

We mainly have access to a large market of local and regional suppliers, but it could be better.

We have access to a global network of suppliers, and the numbers are continuously growing.

4. The expectation towards Supplier Management Systems and their Service Providers has changed in recent years. How would you describe your Service Provider?

Minimal services are provided outside of support.

They offer some value-adding services, such as 24/7 hotline, onboarding and training services to focusing on seamless adoption and availability of the platform.

The value-adding services provided are extensive and geared towards ensuring the success of our digital transformation journey.

5. As digitalisation is affecting every industry, companies need a long-term goal and vision, especially for their Purchasing Dept to remain relevant and competitive. How well can your current system adapt to future growth and modernisation challenges?

We have reached the limit in terms of expansion and growth with our current systems.

We expect that it can accommodate growth over the next 2-3 years, but not beyond that.

Yes, we believe our supplier network is well prepared to accommodate future changes and growth to the business.

Generate a custom detailed White Paper – emailed to you with details of How Future Ready Is Your Supplier Collaboration Strategy?

1. Eliminating paper-based, manual processes (such as PO/Invoice) and time-consuming supplier inquiries can help purchasing teams to focus on more value-added tasks. Is your process from quote to invoice automated and paperless?

2. A comprehensive supplier network with process and compliance automation can give businesses savings of $3-5M per $100M spend. Has your company implemented a supplier network?

3. Employing a large and extensive Business to Business (B2B) Network can open your business to new horizons. Do you currently have access to a broad selection of potential new supply partners?

4. The expectation towards Supplier Management Systems and their Service Providers has changed in recent years. How would you describe your Service Provider?

5. As digitalisation is affecting every industry, companies need a long-term goal and vision, especially for their Purchasing Dept to remain relevant and competitive. How well can your current system adapt to future growth and modernisation challenges?