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With continuous change at the forefront of many companies, this question bodes the route of many concerns, options and opportunities.
Procurement transformation is regularly discussed in the news, within companies and on forums, with regard to implementing large technology solutions such as P2P or S2P, but where do you even begin with this sort of transformation?
Procurement transformation takes countless hours of planning, searching for the right solution, implementing and sustaining, and that’s why there’s no wonder that procurement transformation can sometimes lead to the question above.
Discussions & plans can be great to build ideas, but how do these ideas become actions to initiate a successful procurement transformation? In one of our latest webinars called Beyond the Bolt: How Cloud Based Solutions Have Transformed Procurement, we discussed how cloud based solutions can lead to greater convenience, flexibility and action.
Instead of approaching procurement transformation as one whole project that can be daunting and elongated, eSourcing can allow for companies to understand a snip of the larger procurement transformation picture. Take traditional forms of tendering for example, such as excel, word and email. Transferring it into one audit-able & streamlined space, allows companies to see the value in technology & procurement transformation within an instant.
An example of this can be seen from a number of our clients. One of our clients operating within the entertainment industry, implemented our eSourcing solution to replace an existing large ERP system. By using our tool they were able to cut their original RFP process down from 6 months to under 3, initiating a new outlook on how our cloud based technology could improve their process.
Alternatively, others have been faced with long, drawn-out manual tenders processes, with no auction functionality prior to our engagement. By using our eSourcing solution, they had instant on demand access to eAuctions and were able to save 100’s of thousands of pounds within their tendering process.
In our recent case study from Metroline, they also discussed how they were originally looking for a whole P2P solution. However, by working with Market Dojo they were able to cut costs, build structure and compliance into their complex tenders, quickly and easily.
Whilst the seriousness of procurement transformation is under discussion, there are many small steps you can take to test whether the solutions and transformation are correct for you.
Building upon the experience of our clients, eSourcing gives companies the flexibility, convenience and opportunity to build an action for change in the right direction for procurement.
To learn more about how eSourcing could be the first step of your transformation process, please feel free to get in touch, or schedule a call with one of our team today.
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