Ecosystems Abound​

September 19th, 2017

Put procurement at the center of your ecosystem

 

In technology, the term ecosystem Is used to describe a set of platforms, software, solutions, etc. that all work well together to derive more benefit for the users. Often the additional benefit is found through very well designed integration points or through efficiencies. In procurement, these ecosystems exist and create these same types of benefits for the users.

The typical Procure-to-Pay model can be used as an example of how an organization can put their procurement tools and practices at the center of their ecosystem. Some eProcurement providers, SafeSourcing included, offer integrated Procure-to-Pay solutions with a focus on procurement. As more and more organizations look to cost reductions as a key part of their strategic goals, this becomes increasingly more valuable.

Of course, many organizations have implemented or considered eProcurement in their sourcing, but from an ecosystem standpoint, many have not yet progressed to capture the additional value available. For example, an organization that utilizes eProcurement, but does not have their contract management tools within that same ecosystem often has a diminished return relative to the success of the contract management tool. When that tool falls outside of the eProcurement ecosystem, users may not receive timely notifications of key contract dates and financial losses related to renewals might be experienced.

Similarly, organizations whose eProcurement ecosystem also includes cataloging and purchase order capabilities will find that they have a higher attainment rate of the initial savings created by procurement as well as tighter adherence to approved purchases throughout the life of the agreement.

These are just two examples of how to benefit from having procurement at the center of your ecosystem. These are certainly not the only two examples. To learn how you can get more from your eProcurement tools, contact a SafeSourcing representative.

Dave Wenig is the Director of Sales, North America at SafeSourcing. For more information, please contact SafeSourcing.

We look forward to your comments.

If you thought this page is useful to your friend, use this form to send.
Friend Email
Enter your message

24 Responses to “Ecosystems Abound​”

  1. Greetings! Very useful advice in this particular post! It is the little changes which will make the greatest changes. Many thanks for sharing!

  2. Wow, awesome weblog layout! How long have you been running a blog for? you made blogging glance easy. The full glance of your site is excellent, let alone the content material!

  3. After research just a few of the weblog posts in your web site now, and I actually like your approach of blogging. I bookmarked it to my bookmark website list and will likely be checking back soon. Pls try my web site as effectively and let me know what you think.

  4. Google says:

    Google

    Below you’ll obtain the link to some internet sites that we feel you need to visit.

  5. Best Proxies says:

    Private proxies and even top deals: 50 cheap, no charge proxies in addition to marketing promotions – sole on DreamProxies.com

  6. Google says:

    Usually posts some really intriguing stuff like this. If you are new to this site.

  7. Jamie Leuty says:

    I could not resist commenting. Exceptionally well written!

  8. Google says:

    The information talked about in the post are some of the most effective out there.

  9. that could be the end of this report. Right here youll find some web sites that we consider you will value, just click the hyperlinks over

  10. please stop by the web pages we follow, like this a single, because it represents our picks from the web

  11. wartaekonomi says:

    one of our visitors not too long ago advised the following website

  12. that may be the end of this post. Right here you will discover some sites that we think youll enjoy, just click the hyperlinks over

  13. Sites of interest we’ve a link to

  14. Google says:

    Wonderful story, reckoned we could combine a number of unrelated information, nonetheless actually really worth taking a look, whoa did 1 master about Mid East has got much more problerms also.

  15. Here is a superb Blog You might Uncover Exciting that we Encourage You

  16. Every when in a while we select blogs that we read. Listed below are the latest web sites that we choose

  17. Wonderful story, reckoned we could combine a couple of unrelated data, nevertheless genuinely really worth taking a appear, whoa did 1 learn about Mid East has got a lot more problerms at the same time

  18. we came across a cool web site that you may well appreciate. Take a look in case you want

  19. usually posts some extremely exciting stuff like this. If youre new to this site

  20. Wonderful story, reckoned we could combine a few unrelated information, nonetheless genuinely really worth taking a appear, whoa did one find out about Mid East has got extra problerms too

  21. The details talked about within the report are some of the most effective available

  22. always a huge fan of linking to bloggers that I really like but really don’t get a great deal of link love from

  23. just beneath, are quite a few entirely not related web-sites to ours, having said that, they are surely really worth going over

  24. Here is a good Blog You might Find Exciting that we Encourage You

Leave a Reply