Got new targets in 2025? This might mean reviewing your approach to procurement management. However, common strategic procurement goals, such as increasing ROI, or enhancing cost-savings are extremely difficult to achieve without an effective cloud-based system to support your efforts.
These are three strategic procurement goals ARCUS® can help you achieve in 2025:
1. Streamline Procurement Management
When working with spreadsheets, it’s all too easy for procurement management to spiral out-of-control. This results in inefficiencies that waste valuable time. These outdated methods of managing supplier data can really hinder progress. However, ARCUS® Source-to-contract streamlines and centralises your supplier management process from initial tenders to continuous performance management within one cloud-based systems, enhanced with smart technologies, such as automated reminders for suppliers to complete vital information.
2. Maximising Value
Another issue with an outdated system is that it’s impossible to maximise your supplier data value with spreadsheets alone. As well as being unnecessarily hard to keep accurate and up to date, they don’t offer you any supplier oversight.
With ARCUS® Analytics, our data visualisation solution, it’s simple to gain supplier insights that can aid with strategic procurement goals. Through comprehensive data visualisations, you gain a 360-degree overview of your supply base, offering supply base insights at-a-glance.
Our guide Maximising Procurement Value in 2025, offers further insights.
3. Cost-reduction in Procurement
With rising costs it’s important to make sure that you are paying for the true market value for costs, however determining this value can be a difficult task. With ARCUS® eAUC, our live, eAuction platform, suppliers participate in a competitive bidding environment, which takes place in real-time. This helps to drive-down prices from the expected cost, saving your organisation money. Combined with ARCUS® eRFX and ARCUS® Strategic Sourcing Management (SSM), our supplier tender and strategic sourcing modules, the modules work together to form one eSourcing solution, which streamlines strategic sourcing, reduces procurement cycles, and helps you pick the best supplier.
To discover more ways that ARCUS® Supplier Management Software can help you achieve your strategic procurement goals in 2025, book a no-obligation consultation with one of our Customer Success Executives here.