3 Ways to Optimize Procurement
10/07/2023
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Top 3 Ways to Optimize Procurement A study by Riskmethods found that 79% of companies experienced supply chain disruptions, resulting in a loss of 4%
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Cost Optimization
See where you spend money in your supply chain and find ways to save. Proven’s smart dashboards show you information about how much products cost, details about suppliers, and trends in prices. You can use this information to cut down your expenditure during cost optimization.
ProVen is an SRM software that offers a wide range of features to assist you in making informed sourcing and purchasing decisions, minimizing vendor performance risks, RFx & e-Auctions, Spend Analytics, cost optimization related solution with suppliers.
Cut Down Cost, Less Efforts, Increase Efficiency
We analyze your spending data closely. We look at different categories, suppliers, and other factors to understand it better.
Control your unplanned spending using our Tail Spend Management solution.
Get complete records, reports, and lists for the things you buy.
Sort suppliers based on quality and quantity analysis.
Use hidden events to make sure the process is completely transparent.
Why ProVen for Cost Optimization?
Gain transparent reports and views of your procurement spend.
Make your business better by controlling wasteful spending.
Save money by organizing the best-performing categories.
Find the lowest price for the things you buy from suppliers.
Make it easier for suppliers to join and work with you by using a communication portal where both sides can take part in the conversation
SRM Key Features
One Software That Offers All In One Solution For RFx & E-Auctions India’s Most Decorated and 100% Secure Online e-Auction Platform That Makes ProVen The Best Supplier Relationship Management (SRM) Solution.
Move away from spreadsheets and manually compare quotations and information from vendors. Cloud Expert’s eRFX solution – ProVen lets you manage all your RFIs, RFQs, RFPs, RFTs, and Auctions, in one system.
Deploy reverse auction strategies to maximize savings and innovate procurement operations.
One Software That Offers All In One Solution For RFx & E-Auctions India’s Most Decorated and 100% Secure Online e-Auction Platform That Makes ProVen The Best Supplier Relationship Management (SRM) Solution.
Move away from spreadsheets and manually compare quotations and information from vendors. Cloud Expert’s eRFX solution – ProVen lets you manage all your RFIs, RFQs, RFPs, RFTs, and Auctions, in one system.
Enhance your most normal obtaining process, eRFX, and contract talks in the quickest way possible. Leverage ProVen&apos’s intelligent APIs to concentrate all obtaining information onto a solitary stage and improve on the most confounded processes with quicker direction.
Open the window to make your spending analysis more astute with ProVen. Open fundamental examples by solidifying a lot of spending Data and assist your Procurement Team to eliminate blind expenditures, screen conduct, and gain further bits of knowledge.
You can link your processes and technology using ProVen’s smart APIs. This will make different systems work well together. You don’t need to collect information from various tools anymore. You can make your procurement system better.
Say Goodbye to misplaced and mismanaged paper contracts with ProVen’s Contract Management Software. You can say goodbye to risks and lost savings too. It helps you to handle all types of contracts easily, securely, and without using paper and ink. It simplifies the creation, execution, and management of your contracts.
Save up to 20% of your procurement budget by reducing unplanned or uncontrolled spending. ProVen can help you manage your tail spend and find more savings by giving you a clear view of your spending.
See where you spend money in your supply chain and find ways to save. Procol’s smart dashboards show you information about how much products cost, details about suppliers, and trends in prices. You can use this information to cut down your expenditure.
Connect with an expert who can share more about our solutions and answer any questions you have.
ProVen Can Revolutionize Procurements For You.
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