The 5 most important fields for digitization
Many providers and many solutions, but only 1 comparison portal!
The market for digitalization in purchasing and sustainability management is large – quantitatively and qualitatively
Digitization will transform procurement by making it more efficient, transparent and data-driven. The areas where digitization will have a significant impact are numerous. The following are some of the most important:
- procurement and supplier management: digitization can help streamline the process of identifying and selecting suppliers and managing supplier relationships. This can include using data analytics to assess supplier performance, automating supplier intake and certification, and using online marketplaces to connect with new suppliers.
- procurement processes and workflows: digitization can improve the efficiency of procurement processes, from requisitioning and ordering to invoicing and payment. This can include implementing e-procurement systems, automating order processing, and using electronic payments.
- contract management: digitization can help in the creation, negotiation and management of contracts. This can include the use of electronic signatures and contract management software to streamline the process and ensure compliance.
- spend analysis: digitization can help procurement teams analyze spend data to identify savings opportunities, monitor compliance, and make more informed purchasing decisions. This can include the use of data visualization and reporting tools to analyze spend data and identify trends and patterns.
- risk and sustainability management: Digitalization can help procurement teams manage risk by providing real-time data and analytics on supplier performance, compliance, and supply chain disruptions, as well as sustainability (ESG) performance. This can include the use of predictive analytics and risk management software to assess and mitigate risks.
The pressure to act resp. digitization backlog persists
The importance of corresponding measures and investments is increasing constantly, and one has the feeling that new fields of action are emerging every week in previously unmapped areas.
The respective solutions offered are as numerous as the fields of action and functional areas. From industry-specific to material group-specific solutions to comprehensive procurement suites.
Our market expertise – your benefit
A comparison portal would be helpful to avoid burning money when choosing a suitable tool! Or even better, a structured and independent database that evaluates providers according to functional criteria.
We have prepared something: our vendor database for purchasing and sustainability management with over 300 vendors from the „Tech Landscape“.
Whether for digitization projects in SCM or in sustainability management, whether for a procurement suite or a risk management tool – more than 20 years of experience in the selection, implementation and management of automation solutions have been incorporated into this database.
The number of functional criteria (coverage of interface processes, innovative technologies, added values) and, of course, the number and portfolio of vendors covered are continuously reviewed and updated.
For the area of solution providers in the field of sustainability, around 150 providers are currently recorded in a separate database with corresponding functional criteria.
We are thus in a position to identify the solution alternatives relevant to our customers in an even more targeted manner and to determine an individual development path.
ADCONIA – beyond the ordinary
As Adconia GmbH, we advise our customers with the experience of more than 250 projects from more than 18 years – in questions around purchasing, supply chain and the digitalization of processes. Our goal is always to increase the profit contribution of purchasing through cost reduction, process automation or the qualification of our customers‘ purchasing teams.
With a correspondingly broad wealth of experience, precise knowledge of everyday purchasing and a high level of professionalism, our consultants carry out training measures at eye level. We do this – depending on the requirements – both as a sparring partner for specialists and managers with many years of experience and as a trainer for seasoned purchasing professionals and young professionals.