The UK’s manufacturing industry has been a keen adopter of Business Process Optimisation initiatives, especially with technology to assist the Procurement Team with operations focussed on both Direct and Indirect Spend.
In addition, with Manufacturer’s business models changing to include more & more services (Manu-Serve) there is even a greater need for new technologies to assist with control, efficiency and procurement compliance.
The Manufacturing sector has three key drivers when introducing technology which are:
Supplier Performance Management – having visibility on key supplier performance and extending visibility along the Supply Chain is critical to any Manufacturing business. With the extending footprint of SME’s in the manufacturing sector the challenge becomes ever more complex.
Compliance and Risk Mitigation – Changing business models and allowing the business to operate, means empowering the business to perform key tasks. Operational purchasing is a key part but this brings the challenges of Compliance and exasperates Risk Mitigation.
Spend Visibility and Leverage – Many e-procurement initiatives to date have focused on single (or few) procurement issues and subsequently delivered poor business value. Equally a number of suppliers will make claim to supplier spend management but in our, and our customer’s experience, there are often valuable savings that would be realised with a more holistic approach.
If you are Discrete, Process, Project or Mixed-Mode based, why not contact us today to find out more about our full P2P solution for the manufacturing sector.