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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Tail Spend Management
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.
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 related solution with suppliers.
Uncontrolled Spending Has More Than Just Lost Savings As A Result.
Why ProVen for Tail Spend Management?
Increased Percentage of Savings
Use ProVen’s advanced tail spend management tool to organize low-value spending and make plans based on your goals. With smart procurement software, you can save up to 20% on your procurement costs and get better prices for what you buy.
Greater Spend Visibility
Our smart algorithms clean, sort, and group your spending data to give insights that help procurement managers. We put all your data in one place in a standard way, which can help you manage costs for different spending categories more effectively.
Maximise Operational Efficiency and Compliance
Our smart algorithms clean and organize your spending data to help procurement managers make better decisions. We put all your data in one place and make it easy to understand. This helps you control costs for different types of spending.
Transparent Process with Automated eRFX and eAuction
ProVen’s advanced procurement solution makes it easy to request and bid on items. This helps both the people asking for bids and the people making bids. Our online auction platform encourages fair bidding and gets you the best prices, so you don’t spend too much.
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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