Imagine elevating your net profit and transforming procurement into a strategic asset. Our platform doesn’t just leverage best practices for smarter sourcing and cost savings; it integrates gamification and game theory principles to engage your team and suppliers in a way that’s never been done before. Through this unique approach, we make procurement a collaborative, competitive advantage, enhancing efficiency, fostering deep supplier relationships, and driving unparalleled value. Envision not only cutting costs but also creating a more dynamic, motivated procurement ecosystem.
Let’s revolutionize your procurement strategy together.
If you want to increase your profit, the quickest way to do this is to reduce your purchase prices. In recent years in particular, purchase prices have risen immeasurably due to the numerous crises. As many markets have now reverted from being sellers' markets to buyers' markets, it is high time to renegotiate the increased purchase prices.
With our solution, you can put both annual volumes and individual requirements requests or new project requirements out to tender quickly and easily with the suppliers in your network. The creation can either be created automatically via our input interface from a requirement registration from ERP or other systems or manually in the case of annual requests.
Our solution includes an automatic ranking of suppliers. This allows you to take advantage of game theory and get the best bid price. Suppliers see the ranking of their offer and are also informed if they lose first place to a competitor's offer. Save yourself the time of negotiating anchor bids and start with the best offer that your supplier wants to give you.
From experience, the Procure-Tech industry estimates a 5-15% improvement in savings through the use of sourcing tools. We invite you to start with a 5% improvement in your annual savings. New software always requires a certain start-up time. That's why we've built our software to be a true Software as a Service solution with no implementation effort on your part. This means that the go-live can take place in the shortest possible time, namely less than a week, and your purchasing improvements can be realized immediately.
Securing your revenue is like securing your company. You can contribute a lot to this in purchasing. Far more than you think.
By reducing purchase prices, you can increase your profitability, but also your competitiveness. In addition to purchasing prices, you can also work on the reliability of supply in order to be able to deliver when your competitors are unable to obtain raw materials.
With our platform, you can put out a targeted tender to suppliers or nominate suppliers for delivery who enjoy a corresponding status (e.g. partner or preferred). Because the best price is not always the best offer.
By incorporating Gamification elements for suppliers, we also create an intrinsic motivation for suppliers to participate in your tenders and thus become part of your supply chain. For example, suppliers can gain advantages by accepting NDAs or similar documents. You benefit from full registration and competitive bids.
As a purchasing department, you can have a relevant influence on your company's revenue.
In addition to the price, it is important to consider the terms and conditions. It is extremely important for your liquidity and therefore the flexibility of your company to negotiate payment terms that are as long as possible. In the best case scenario for you, you only pay upstream suppliers once you have received the money for your deliveries from your customer.
Of course, this is not always possible and may not be in line with your expectations of a partnership with your suppliers. Nevertheless, you should consider the payment terms as well as other conditions when awarding contracts. Deliveries ex works or free domicile may not make a difference with suppliers located around the corner, but if you are importing products, the difference between a DDP quote and an ex works quote can be massive.
To avoid having to compare apples with oranges, we have integrated an analysis algorithm into our sourcing solution that automatically generates a scoring from all the bid factors. You can even fine-tune this scoring or the level of influence of individual factors. This allows you to choose from the two predefined scenarios Cherry Picking or Best Package based on facts and award suppliers accordingly.
In times of a shortage of skilled workers, it is important to motivate the team. This is all the more important when motivated buyers are involved in the adjustment screws of purchasing travel reduction and thus profitability increase, or even play a significant role in it. Employees can be extrinsically motivated. You can create incentive systems that are supposed to help you achieve better performance. However, the effectiveness of such external incentives is limited. Intrinsic motivation is much stronger.
You know this from the gaming world. The will to collaborate and curiosity are part of our nature as human beings. The constant desire to improve oneself, especially when one sees one's performance in comparison to others, and the desire for reward is innate to everyone. These psychological foundations are used under the term Gamification in numerous consumer software products. We have integrated these principles into our sourcing software and offer users quests for their own improvement, rankings, levels, stats and lots of confetti rain.
With our consumer-grade UI, we have taken our cue from major role models from the consumer sector, such as streaming providers. We have created a very lean user interface that, in case of doubt, gives priority to appearance over tables and simplicity over additional features. With these methods, it's easy to give your team enough motivation to contribute to the success of their company.
Digital transformation is one of the most important tasks for companies these days. The digital transformation goes much further than the digitization of analog processes. Only companies that are able to question their processes and adapt them to new circumstances will be able to remain competitive.
Our years of experience in dozens of procurement software implementation projects have shown us that many companies fail at this very hurdle. The process landscape is to be transferred to standard software – a project that can only fail. Even companies that accept the change in the process landscape when concluding contracts are constantly faced with new challenges during the lengthy implementation.
We have therefore decided to build our platform for the 80%of all tenders that are not the famous special case. We cover the tenders that are probably relevant in all companies and have built a lean and user-friendly tool for this purpose, which does not require any implementation project and associated costs. Our platform is 100% Software as a Service and can be booked on a user-specific basis.
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