ARCUS® SSM allows procurement professionals in the utility sector to streamline strategic sourcing management through a cloud-based solution.
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Companies in the utilities sector, which includes, but is not limited to, power, water services and natural gas, often have difficulty managing compliance in their supply chain effectively. The utility supply chain is often long, complex and can include a large number of suppliers, meaning that managing it efficiently can be a time-consuming and laborious process. The importance of the services provided across the utilities sector means that these companies need to have a strong focus on efficiency, compliance and providing a safe, quality service. Trade Interchange’s Supplier Management Software enables professionals in the utilities sector to operate within these parameters, while reducing the amount of administration, including paperwork, telephone calls and emails to suppliers.
- Automate supplier on-boarding
- Manage supplier risk
- Central repository for supplier information
- Protect brand reputation
- Automated supplier scoring
- Bi-directional approval workflows
Procurement professionals in the utilities sector can streamline and improve the online tendering process through intuitive sourcing software.
Collect, store and manage all supplier data needed by procurement professionals in the utility sector through a streamlined solution.
Efficiently centralise, manage and approve all supplier contract data required by procurement professionals in utilities.
Take a look at these resources to find out how ARCUS® supplier management software has helped procurement professionals in the utilities industry.
"Thanks to ARCUS® eAUC, our procurement team has adopted reverse eAuctions across a range of categories. By incorporating eAuctions as part of our category management toolkit, this has resulted in Drax realising cost savings over and above traditional procurement methods, while reducing the time we spend negotiating with suppliers. The eAuction tool from Trade Interchange is a low-cost solution to leverage spend across common categories of spend across Drax.”Matthew Walker MCIPS, Supplier Relationship Manager – Turbines & Major Projects, Drax Power
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Drax Power, who runs Europe’s biggest biomass-fuelled power station, used to manage their supplier service and product auctions using a combination of spreadsheets and paper-based systems.
This meant that auctions were not configured in a standardised format and information was difficult to locate, leading to inefficiencies within the procurement department.
They now run eAuction events using ARCUS® eAUC, a cloud-based module that encourages competitive online negotiations, leading to reduced procurement costs and improved visibility throughout the negotiation process.
Thanks to the cloud-based nature of ARCUS® eAUC, Drax Power now has the capacity to negotiate with more suppliers on a global scale and on a real-time basis.