Highly Qualified Procurement Database
Extracting value from purchasing data buried in various IT systems.
historical prices
historical markets
The procurement experience accumulated within many organizations has shown the enormous difficulty of having reliable purchasing data, meaning granular information (supplier, detailed description, amount, volume, classification according to a proven segmentation, 3-year history, contact details, tax and banking data, …) and accurate data (especially on prices, as experience shows the notable differences between prices negotiated in a contract and the prices invoiced and then paid over the course of the relationship)
REDUCIO offers to handle this very laborious work of collection, cleaning and analysis at competitive costs thanks to our experience, tools and methods developed over time.
Here are some examples of analysis:
- Evolution of spend by segment / site / country etc.
- Verification of invoiced prices versus order prices, contract prices, negotiated price lists, etc.
- Evolution of its cost indicators versus market benchmarks.
- Classification of all purchases within Kraljic matrix.
- SRM (Supplier Relationship Management) database enrichment with contacts (people, addresses, tel., email, etc.), VAT, IBAN, identification number, and certificates