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.
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