Digitalisation has profoundly changed the way transactions are conducted in the business world, making it extremely easy and convenient to get information. Digital procurement solutions help organisations to generate new insights and strategies, uncover new sources of value, increase efficiency and achieve the process excellence, to assure supply and successful risk mitigation.
Digital procurement solutions are enabling the future by providing access to previously unavailable data, bringing order to massive data sets, driving more complex analysis and better supplier strategies, and enabling more efficient operations. With improvements in data, analytics, computing power, and visualisation, digital procurement also has better evidence-based options for decision making, which can improve both the value and accuracy of strategic decisions and the speed of execution.
The future of procurement in the digital age
Strategic sourcing is becoming more predictive, transactional procurement is becoming more automated, and supplier relationship management is becoming more proactive. For organisations looking to embrace digital procurement solutions, the path has never been easier than Endress+Hauser’s tailor-made strategic procurement solutions suitable for all individual needs:
• e-Catalog contains prices, part codes, delivery times and technical data, particularly useful for the fast repeat ordering of everyday standard products.
• Shopping cart interface uses the Endress+Hauser Online Shop configurator to build part codes, obtain up-to-date prices and lead times, then simply transfer this data, error-free, into the user’s procurement system via a shopping cart interface (e.g. open catalogue interface).
• ERP to ERP (enterprise resource planning) helps reduce costs, manual errors and lead times by automating procurement process. This solution provides an efficient way of handling all transaction data for quotes, orders, order confirmations and invoices.
All these strategic procurement solutions create value for customers through digital services and visualisation of information. The new and improved Endress+Hauser platform will be ready in February 2018.
Read more...Schneider Electric announces 2023 Global Alliance Partner Programme award winners Schneider Electric South Africa
News
Schneider Electric has announced the winners of the 2023 Global Alliance Excellence Awards. Throughout 2023, Schneider Electric’s Alliance Partners supported customers in the digitalisation of industrial automation, delivering value with innovative initiatives, solutions and services.
Read more...Custom containerised lubrication dispensing system
News
Bosch Rexroth Africa recently supplied and installed a customised environmentally friendly and dust-proof lubrication dispensing system for a leading earth-moving equipment supplier.
Read more...Siemens to acquire industrial drive technology business of ebm-papst Siemens South Africa
News
Siemens has signed an agreement to acquire the industrial drive technology business of ebm-papst. The business includes intelligent, integrated mechatronic systems in the protective extra-low voltage range and innovative motion control systems.
Read more...Bearings International fosters a segment strategy Bearings International
News
Bearings International has a segment approach to the market, which places an intentional focus on key industries in South and sub-Saharan Africa in a bid to optimise operations, enhance uptime, and drive business sustainability and increased profitability outcomes for customers.
Read more...Local robotics team’s journey to the world stage
News
In the heart of Cape Town, a group of young visionaries aged 12 to 17 is making waves in the world of robotics. Known as Texpand, this team from Pinelands has not only dominated the First Tech Challenge (FTC) in South Africa, but has also earned international acclaim for its innovative approach to engineering and problem solving.
Read more...RS Group expands by 10 000 products RS South Africa
News
RS South Africa has announced its Better World Claims Based Framework, enabling customers to select verified sustainable product alternatives. This provides suppliers with a standardised framework to accelerate the development and manufacture of more sustainable and responsible products.
Read more...IRP 2023 could reset SA’s social and economic problems
News
ACTOM recently held a webinar on the ‘Draft IRP2023 Impact on the Manufacturing Sector’. South Africa’s Draft Integrated Resource Plan 2023 is a key document that outlines a comprehensive strategy for addressing the country’s energy security challenges, while also setting out its transition to a diversified energy mix, including renewables.
Read more...Young scientists to showcase innovative research
News
Innovative South African research which includes a cost-effective triage test for real-time detection of TB and a nature-based technology that brings about environmental remediation, will be showcased at this year’s International Festival of Engineering, Science and Technology in Tunisia.
Read more...Moog takes a leadership position in lunar exploration
News
NASA is planning for a sustained human presence on the Moon, and resources such as water could eventually be harnessed from the lunar surface instead of being transported from Earth, and it has turned to industry to find ways to excavate and transport that icy regolith.
printer friendly version