In the last two years, to minimize the impacts of crisis Promoted by Covid-19, digital transformation has gone from being a business strategy to a matter of survival.
In the supply chain, it was no different. Companies have increasingly adopted digitalization to make purchasing processes more optimized and intelligent, and thus remain competitive in the market.
The role of the buyer also gained more prominence during this period. Proof of this is the ranking of the supply professional in the 30 professions on the rise in the 2021 ranking by VC S/A magazine.
This protagonism is related to the potential gains that companies can achieve when purchasing departments act strategically. And in this context, technology is the main ally, since automate activities that do not add value to the business and free up professionals' time for what really brings results.
Economy, governance, agility and collaboration are some of the pillars most anticipated by companies that invest in purchasing management solutions.
In the coming years, the adoption of smart purchasing solutions should continue to grow and revolutionize companies' businesses.
3 solutions to implement in your purchasing area in 2022
There are different solutions that help with digital transformation in purchasing and guarantee significant results. In this post, we have selected 3 of them:
- Procure-to-Pay, or P2P, as it is better known, promotes complete and integrated purchasing management, from request to payment.
- CLM (Contract Lifecycle Management): allows you to manage the lifecycle of contracts with suppliers in an automated manner.
- Supplier management: controls processes related to suppliers and third parties in a single environment.
Below, learn more about each of these solutions and start 2022 with your processes digitalized:
Procure-to-Pay (P2P)
A P2P (Procure-to-Pay) solution automates the entire corporate purchasing cycle and frees the team from manual, decentralized, costly and non-transparent processes.
With Mercado Eletrônico's P2P, all purchasing-related processes are concentrated in one environment: requisition, quotation, negotiation with supplier, order, invoices and payments.
It is a way for your purchasing area to conquer the most important pillars:
Economy
- Reduction of operational purchasing costs;
- Smarter negotiations for achieve more savings;
- Control of the entire operational purchasing flow;
- Spend Analysis: analysis of expenses and savings potential;
- Comparative map: automatically compare quotes and make better deals.
Celerity
- Reduction in purchasing lead time;
- Automation of operational processes;
- Access the platform from any device connected to the internet;
- Business Intelligence: reports for quick decision making;
- Solution in a cloud, without the need for installations and updates.
Governance
- Recording the entire process on a single platform
- Transparent and auditable processes throughout the entire purchasing cycle;
- Access to purchase history.
Collaboration
- Agile communication with suppliers on a single platform;
- Integration with any ERP;
- Sharing supplier performance reports.
Request a free demo from one of our e-Procurement experts.
CLM (Contract Lifecycle Management)
Having automated contract management results in benefits that go beyond contractual obligations: it reduces risks, improves the quality of products and services offered to customers and facilitates the auditing process and purchasing compliance.
Automating the contract lifecycle with a CLM solution frees buyers from manual controls, so they can focus time and effort on negotiations with suppliers.
It also offers visibility, access to real-time data and control over contract changes, among other advantages. See:
- Parameterization of workflows, from the request to the approval of contracts;
- Control of all stages of the contract, from initiation to renewal;
- Compliance with compliance requirements and process auditing;
- Centralized negotiations in a single environment, with agility and security;
- analytics: management of the entire contract database through graphs;
- Control of SLAs and validity dates with notifications on the platform.
Talk to one of our contract management solutions experts. Simply click here.
Supplier Relationship Management
A supplier management is challenging for companies. In addition to issues involving price, quality and delivery, other concerns must be in the business strategy, such as brand image, ESG, shortages, and risks of fiscal and labor co-responsibility.
To manage all these variables, organizations need to rely on technology. In supplier management, we have 5 practices: registration, approval, evaluation, inspection and management of all third parties.
With Mercado Eletrônico's Supplier Relationship Management solution, your purchasing department adopts collaborative, transparent and effective supplier management. Check out the benefits:
- Management and control of all suppliers and outsourced services;
- Economy, agility and compliance in the management of suppliers and third parties;
- Building sustainable and reliable partnerships with suppliers;
- Collaboration between business partner companies;
- Verification of supplier compliance;
- Evaluation of partners throughout the supply process;
- Reduction of risks related to suppliers and third parties.
Talk to one of our supplier management solutions experts. Simply click here.