There’s always room for improvement! If you’re searching for ways to optimise your source-to-contract process, look no further.
We have assembled a short list of areas to consider.
Record Project Goals from the Get-go
Like any other department, those who work in sourcing have goals to meet. This could be anything from making savings, to sourcing suppliers that align with wider business strategy. By recording project goals from the very beginning, you can better track how the project is progressing in alignment with those initial targets. ARCUS® Strategic Sourcing Management (SSM) allows you to record project goals upon initial kick-off and track your progress towards these targets.
See our SSM webpage for more information.
Maximise Data Value with Dashboards
After a project goal has been recorded, it needs to be tracked. This is tricky to do manually without a specialised system. By implementing comprehensive data visualisation into your source-to-contract process, it’s much easier to identify tangible progress towards your sourcing goals and demonstrate this to senior management. ARCUS® Analytics is our comprehensive data visualisation module which allows you to gain sourcing insights at-a-glance.
To learn more about ARCUS® Analytics, see our webpage here.
Integrate eRFX and Supplier Information Management
Why repeat tasks that have already been completed?
When operating with separate eRFX and supplier onboarding processes, you can end up collecting information during the onboarding process that you’ve already collected during the tender stage.
The answer: integrate your systems.
With ARCUS® Supplier Management Software you can integrate your eRFX and SIM systems, so answers provided at the tender stage are auto-populated in your SIM system. Similarly, if you ever wish to reopen the tender, answers in your SIM system can be auto populated in eRFX, saving you time, and eliminating potential duplicate data.
To learn more about our ARCUS® eRFX and SIM integration, see the video here.
Streamline Your Source-to-contract Process with ARCUS®
ARCUS® Supplier Management Software has modules which cover the entirety of the source-to-contract process. With smart technologies, the system goes beyond simple digitisation, offering opportunity for continual process improvement and optimisation with smart technologies.
To learn more about ARCUS® Source-to-contract software, see the webpage here.