Purchasing Departments are now at the heart of companies strategy. Traditionally a cost center, Purchasing is becoming one of the main levers of profit for companies, and an essential source of innovation. Faced with an ever-increasing pressure on costs, guaranteed supplies and risks arbitrage, purchasing departments must develop new organization structures and design optimization strategies able to combine economic efficiency, growth and competitiveness.
Through case studies, this conference presents a unique opportunity for participants to learn from the largest companies in the French market and from best practices to optimize their purchasing performance. The event will feature various innovative strategies to best leverage the Purchasing Department and create added value for the company.
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Adequate eProcurement and eSourcing is crucial to achieve transparency, cost reduction, and good buyer-seller relations in the procurement process. However, whilst the range of tools has never been more extensive, businesses need even smarter e-tool tactics in order to maximise the benefits of their solution purchases. In addition, these must extend to achieve effective internal adoption. Buyers and sellers are looking even more at e-market places to not only make functionalities user-friendly, but also to use them strategically to achieve a competitive edge.
This conference will not only assess the best eProcurement and eSourcing approaches, but will also offer key industry players the opportunity to learn how to avoid the shortcomings of e-tools and to capitalise on the huge savings that an efficient and centralised eProcurement system can offer.
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eProcurement also called Procure-to-Pay is the business-to-business purchase and sale of supplies, work and services through the Internet in order to optimize and streamline companies purchasing function and modes of supply. It provides services such as purchase orders management and advanced administrative functions, thereby improving operational efficiency and reducing processing costs. eProcurement also relies on the use of electronic catalogs and tools for purchase requests internal approval to manage, simplify and automate processes and procurement decisions. The implementation of an eProcurement solution allows purchasing departments to focus on strategic sourcing, a role with higher value added.
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The European Commission and the European Parliament are organising a conference to highlight the opportunities offered by electronic sourcing (eSourcing), which helps to simplify public procurement procedures and to achieve better procurement outcomes as well as better value-for-money in public expenditure.
The conference programme will include:
- presentations from contracting authorities and companies already using eSourcing tools, from the EU and beyond, explaining the challenges they had to overcome and the benefits they have obtained;
- a panel of senior European policy-makers and business people discussing the potential of eSourcing to address current economic and political challenges faced by the EU;
- presentations on the eSourcing landscape in Europe, including eSourcing solutions and best practices in the marketplace.
Category : News
b-pack, Source & Procure‘s Flexible Purchase-to-Pay Cloud solution, today announced a new feature release that continues to simplify companies’ sourcing process by launching a new questionnaire module to facilitate RFIs and RFQs, manage supplier performance via score cards and generate satisfaction surveys.
b-pack provides a variety of questionnaire templates within their application and makes the data collection easy as all data can be easily pulled from b-pack’s other modules. By centralizing these processes into one application, b-pack once again simplifies a previously complex process. Suppliers can also log into their portal to view and fill out buyer surveys.
Another key feature is supplier scorecarding. With customized ranking criteria, companies can now fully manage their supplier selection of vendor all the way to contract renewal and beyond.
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b-pack, Source & Procure‘s Flexible Purchase-to-Pay Cloud solution, today announced Seattle based Benaroya Research Institute, selected b-pack software to simplify their Budget and Asset Management. They were looking for a customizable and affordable application to manage all types of spending which could address all the requirements of a non-profit organization.
Another key criteria was for the solution to be centralized and able to automate and streamline their entire Purchase to Pay process. As a non-profit organization, the main objectives were to reduce costs and consolidate spending in order to show a fast ROI.
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ProcureCon Indirect 2012 returns to London’s Tower Guoman Hotel on 24th-26th April. This year’s conference will bring together over 250 senior-level indirect procurement professionals from a wide range of industry sectors for three days of intensive networking, benchmarking and debate of all the key issues facing indirect sourcing practitioners in 2012.
Tuesday, April 24th will focus on using analytics to manage risk, inform strategic initiatives and get value-added services from suppliers:
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b-pack, Source & Procure‘s Flexible Purchase-to-Pay Cloud solution, after releasing a new eProcurement cart application, has now integrated Easy Cart, a new innovative web catalog function. This feature makes it easier to search for a product at the best price by consulting and comparing items from any website directly within b-pack.
b-pack keeps ensuring better savings for its customers by simplifying its clients requisition process with Easy Cart, an innovation that enables users to search for an article from any website, including major e-commerce platforms such as Amazon, eBay, Newegg.com or Best Buy. With Easy Cart, buyers can automatically compare articles without leaving b-pack’s eProcurement solution.
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The procurement function is undergoing a radical change. No longer is procurement simply a back office, administrative function, but is fast-becoming a strategic part of the business. Value is being demanded at every level and there is particular scrutiny on procurement. Financial savings need to be made and quality levels improved; the efficiency of procurement is now seen as critical in moving the business forward and in this challenging economic climate, procurement professionals are being asked to do more with less.
Outsourcing has emerged as a viable solution to add value and improve cost-savings. Benefitting from best in class market knowledge, aggregation of volumes and empowerment in negotiations, companies currently outsourcing are maintaining control of critical spend whilst establishing a world-class procurement function. This conference will enable you to learn from case studies at the heart of procurement outsourcing and benefit from inside knowledge of both long-term and short-term procurement outsourcing strategies.
Category : News
Source & Procure‘s P2P solution partner b-pack, the leader in Purchase-to-Pay technology, today announced the release of b-pack mobile, its mobile application. This app allows customers to stay productive by accessing their solution from anywhere. b-pack mobile provides clients with Approval, Travel and Expenses and Spend Analysis capabilities among others.
b-pack keeps simplifying its clients procurement process with a new mobile app on any smartphone or tablet. This application will be available on the Appstore for iPhone and iPad and also on the Android market for android phones and tablets.
“With b-pack mobile, our customers can access their data and manage their most important tasks in order to stay productive and not to miss anything essential even when they’re away from their office,” said Julien Nadaud, CEO and founder of b-pack. “As the leader in Purchase-to-Pay technology, b-pack stays focus on delivering better performance and accessibility to our clients through innovation.” (more…)
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