PROCUREMENT PAIN REMEDY
The weight of procurement operations in business may achieve up to 70% of total costs. At the same time, this is one of the riskiest and painful areas for every business. The reasons why procurement serves as a source of headache and non-stop room for improvement are simple. All decisions, starting from procurement plan creation up to the vendor selection and buyer choice decision, are made by humans. The human brain is affected by the same negative influence of marketing and customer behavior that people have in daily purchases - spontaneous purchases, shopping addictions, buying of aggressive marketing tricks, purchases on credit, fairy tales about discounts, and so on. At the same time, the vast majority of procurement personnel aren't especially educated in procurement operations. So humans in your procurement department do the same buying mistakes as they do in their daily life, but with the only one difference - they make the buying errors much easier because they play on someone else's money. This is the famous moral hazard problem existing in every business. So, add to the irrational errant customers' behavior a little bit of buying addictions, dishonesty in terms of the value of kickbacks and bribery, and multiply all this stuff for moral hazard effect. And you will understand the truly existing scale of procurement pain for your business or state-owned organization. We offer end-to-end products solving almost all procurement pains: efficiency, fraud, corruption, buying choice issue, inventory management, working capital.
IT & DATA MANAGEMENT
Data processing, storage, management of the IT business infrastructure, business applications, programs, databases.
Fraud-free centralized purchases, working capital optimization, logistic, distribution, tax & accounting of procurement operations.
Pricing, invoicing, billing, payments processing, tax & accounting of sales, receivables soft & legal collection.
Handling, marking, shipping, accounting, stocktaking, seasonal storage, warehousing, recycling, "Invisible box", smart packaging..
LOGISTIC & DISTRIBUTION
Pricing, invoicing, warehouse operations, billing, payments processing, tax & accounting of sales.
"DIRTY PROCUREMENT" REMEDY
Procurement is the largest operational area of the business and the core source of efficiency improvements. Problems in purchasing function affect margin, profit, ROIC, TSR, EPS, debt, capital structure, and cash flows. >50% is a weight of procurement operations comparing to annual revenue. When you use our global procurement, in addition to the normalization of working capital and cash flows, you clean up two of the largest and the most painful procurement areas for every company.
YOUR DESSERT IS ON US
expected EBITDA increase for the users of global procurement