Overview
Are you searching for the reliable best practices to optimize and manage your spend and purchasing processes across your business value chain from source to pay?
Spend management tools and practices automate, streamline and integrate all purchasing activities end to end so they are executed as targeted and supplier contracts and relationship are optimized to ensure your organization’s profitability and excellence.
Xnallent Competent team of Scholars and consultants will lead your organization in deriving Value from those practices.
Predicted Gains
10 – 15% Productivity savings on procurement Base spend through:
✔ Higher process efficiency through automating manual, error- prone activities.
✔ Decrease supply risks and costs – by creating supplier Database
✔ Effective partnership – between organization’s cross-functional teams, global teams and suppliers.
✔ Improved productivity – Human resource talent will be focused on strategic initiatives.
Our Methodology
Digitization and consolidation of Processes-
Sourcing>Contract Management>Procurement & Expenses>Invoices & Payments>Supplier Management>Visibility.
✔ Sourcing is performed and bids are negotiated to secure the least prices and best supplied quality.
✔ Supplier Contracts and payments, Economic quantity orders are managed to ensure discounts free cash flow and working capital.
✔ Invoicing processes and approvals are automated to ensure compliance and abolish exceptions.
✔ Supplier performance is tracked and managed with 360 feedback and regular assessments.
✔ Purchasing process is designed to meet strategic supplier selection and according to preferred suppliers practices.
✔ Visibility is developed through issuing Contracts in real time and uploaded to a centralized database.
✔ Supplier Risks imposed on the business is mitigated through developing visibility systems.
For more Details Please Contact us