The larger your company becomes, the more complex procurement management becomes. In smaller companies, the purchasing of resources and services can often still be organized close to the processes in the departments. In larger companies, however, it is important to manage procurement centrally.
Professional management of the process is particularly important for business success when it comes to just-in-time procurement of important resources. It is relevant, for example, in order to be able to react quickly to gaps in the supply chain or to optimize purchasing conditions.
Jedox is the perfect tool to support your team indigital optimization. Automatic data analysis and automation make procurement management work more efficient. Cost savings and, above all, optimized procurement logistics are the visible results.
Automation in procurement management with Jedox
Procurement management essentially takes place in two stages. These are the determination of requirements, the selection of suppliers and the actual purchasing. Both the determination of requirements and the selection of suppliers or offers can be decided with the help of data.
This is where Jedox comes into play. One of the most important functions of the financial planning solution is the combination of different data. Information from the company as well as price and product information from suppliers can be automatically analyzed with the help of Jedox.
If you already use Jedox forsales planning, for example, this data can be used as the basis for determining requirements. By comparing this data with information on prices, delivery times and the availability of goods from suppliers, procurement planning can be automated.
How can Jedox contribute to cost savings in procurement management?
In addition to providing all the resources required for company operations, reducing costs is one of the most important tasks of procurement management. The purchase of raw materials, goods and services is one of the biggest ongoing cost items for many companies.
Jedox helps to make procurement management more effective through intelligent planning and automation. For example, it can be used to avoid purchasing too much excess capacity of certain raw materials or preliminary products. By automatically analyzing all available offers, the most attractively priced offers can also be selected.
A particularly practical feature is that Jedox brings together all the important procurement data in a central purchasing management interface. The interface is quick and easy to understand for Excel users. In addition, like most Jedox features, it can be used not only on the desktop, but also on mobile devices and on the web. This makes it easier to collaborate with teams in individual departments.
By merging the data, Jedox enables the following, among other things:
- Reduce purchase prices: Keep an overview of all suppliers and choose the best partner on a case-by-case basis.
- Intelligent use of economies of scale: under- and overcapacities are recognized. Bundling orders for multiple projects reduces costs.
How can Jedox help analyze procurement data to optimize processes?
Jedox has a number of features that are important for procurement and purchasing management. These include, for example
- Purchasing controlling
- target costing
- Supplier scoring
- Supply chain controlling
- Activity-based costing
Jedox records demand across the entire company, i.e. across departments and locations. Data can be collected from almost any source system. For example, the software reads data from Excel spreadsheets, other ERP systems or more exotic programs. If the data is available in a structured, readable format, the Jedox AI system learns how to handle it.
Jedox is therefore ideally suited to supporting procurement management in organically grown companies. Ordering processes scattered throughout the company can be merged and optimized without having to completely reorganize departments.
Anotherparticularly practical feature for companies involvedin global supply chains is that Jedox automatically takes currency and raw material effects into account. Forecasts from different sources can also be factored in. This helps to further optimize the costs of purchasing certain raw materials.
Jedox is therefore an extremely helpful tool, especially in volatile markets where long-term planning is difficult. But even the management of less complex purchasing structures is considerably simplified with Jedox.
Consilix: Your Jedox experts in Switzerland
Are you interested in using Jedox for procurement management and other tasks in your company? Then Consilix is your contact in Switzerland. As the first exclusive Jedox partner in this country, we support companies of all sizes in theimplementation of Jedox projects.
You are not yet sure whether Jedox is the perfect solution for you and would like to find out more? We would be happy to advise you on the potential that Jedox has for your company in a non-binding initial consultation. You can reach us by phone, e-mail or via thecontact form.