Event list
Engage Suppliers & Streamline Commerce with YOUR Supplier Network (Proactis)
Thursday, January 28, 2016, 10:00am - 10:45am
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The Cost of Supplier Engagement can be extremely high – even higher than financial and procurement executives sometimes realise.
- The cost of manpower consumed everyday just performing the “mechanics” of all supplier interaction and collaboration
- Cumbersome internal processes resulted in missed supplier reviews & too few competitive sourcing events
- Poor communication processes make life harder for suppliers
- When POs and Invoices are paper-based and manually processed, time is lost and considerable manpower is wasted
- Engage more deeply and collaboratively with your supplier base
- Reduce costs, eliminate paper and improve operational efficiency
- Obtain much higher returns from the existing money you are spending with suppliers
- Improve supplier relationships while strengthening the supply chain
Businesses that improve electronic processes can benefit by empowering fewer resources to manage AP and P2P processes, while simultaneously increase processing accuracy, accelerate cycle-times and optimise payment timing to take advantage of available discounts.