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Proactis: Vendor Analysis, 2023 Update (Part 1) — S2P solution overview, market analysis, company SWOT, competitors

Spend Matters

The complexity of S2P with its use of multiple systems to address each aspect it covers, manual processes, data quality issues and process variations can make managing the end-to-end process difficult. Organizations need to invest in technologies that improve visibility and control over the entire S2P process.

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Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement

Jaggaer

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. That means negotiating a medium to long-term contract to support security of supply and having a contingency plan in place in the event of problems.

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Major Utility Company – Facilities Management Transformation

Barkers Procurement

It needed to find efficiencies in the short-term, realign service levels, and improve visibility on service and future spend in the longer term. Results Achieved savings in excess of 40% of the annual contract value, as well as multiple short-term savings initiatives, which immediately impacted the client’s bottom line.