procurement is required, and success is required

  • Procurement Performance Measurement

    Procurement Performance is a question of the definition. Every organization has a somewhat different understanding as to what should apply as a success and thus influence the added value of the purchase. Procurement Performance Measurement provides an...

  • Artificial Intelligence

    We are SAP partner and are very pleased that the DataCategorizer, our AI-based Semantic Data Management is now available as powered by SAP HANAand certifierd as built on SAP Cloud Platform. DataCategorizer for SAP S/4 HANA Create group-wide...

  • Project Management in Procurement beyond Excel

    Saving initiatives have been introduced and their success measured for many years. Now, a certain professionalization is being introduced...

  • Planning, Managing, and Measuring Procurement Success Using Degrees of Implementation

    Procurement projects or initiatives often used to be managed with simple Excel templates. Now, there is special software for project management in strategic procurement. The underlying idea is to apply ideas for savings success as procurement...

  • FAQ: Procurement controlling

    What is meant by the term Procurement Controlling? Procurement controlling and procurement performance management are two synonyms for the same functional area. The terms describe the tasks of supporting both strategic purchasing and operative...

  • How to Introduce Successful Initiative Management in Procurement (Part 2)

    In many companies, initiative management and controlling still only play a minor role. Orpheus set out to understand the reasons and “stumbling blocks” and has illustrated essential “design criteria” in this article that play a large role in the...

  • FAQ: Procurement Success

    What may be listed as a Procurement Success? Procurement success serves as a collective term for various key indicators, which may represent performance improvement in procurement. In the broadest sense, this already involves success if a random key...

  • FAQ: Procurement Performance Management

    What is Procurement Performance Management (PPM)? Procurement performance management, or PPM, refers to the holistic process of managing and increasing the added value of the procurement organization. In doing so, the process is observed from the...

  • How to Introduce Successful Initiative Management in Procurement (Part 1)

    Currently, many companies in procurement are still focusing on the automation of their operative procurement processes using SRM software modules, such as RfX, e-Procurement, Contract-Management, etc. However, on a strategic level in procurement and...

  • 5 proposals for truly sustainable purchasing success

    A primary function of strategic sourcing is to reduce the purchase price of direct and indirect goods and services within a corporation. If nothing else, the success of this mission unfolds its impact in significant economic parameters of due...

  • Indirect Purchasing: Transparency, potential analysis and performance measurement

    In many companies, the purchase of so-called direct materials that are incorporated into the final products is part of the core business. These purchases make up approx. 70% to 85% of the purchasing volume within the manufacturing industry. All other...

  • Structure of a Strategic Spend Management System

    Procurement departments are increasingly evolving away from being an order service to being a powerful strategic instrument within their company. Procurement departments are making more and more important decisions. However, there is still heavy...

  • Measuring RFP Savings… But Doing It Right

    In the procurement department, the relationship to the supplier is also a central focus with performance measurement. The services, prices, and quantities established in supplier agreements are essential parameters for the efficiency of procurement and...

  • FAQ: Performance Measurement

    What is meant by Performance Measurement in Purchasing? The measurement of procurement performance is part of corporate measurement of success. This includes not only the measurement of procurement cost savings (in terms of cost reductions); arbitrary...

  • FAQ: Added Value of Procurement

    What is Added Value of Procurement? Appropriately depicting the added value of procurement is one of the greatest challenges of proper procurement management. Many companies reduce the added value to savings in the sense of cost reductions that can be...

  • FAQ: Procurement Performance Measurement

    of procurement management. It describes key indicators, methods, and processes that are necessary for measuring procurement success. Thorough and fine-grained procurement planning (or savings planning) as well as modern spend and initiative management...

  • The added value in purchasing: What all constitutes cost savings and how is this measured?

    Since the external expenditures of a corporation make up a large part of the costs, purchasing is faced with correspondingly high expectations to achieve cost savings. The financial perspective is assuming a major role and the added value in purchasing...

  • FAQ: Startseite

    Performance Management › Procurement Performance Measurement › Procurement Planning › Procurement Strategy › P Procurement Success › Project Success Measuring › Purchase Controlling › Q R Reporting inProcurement › S Savings Management › Savings Pipeline...

  • Calculate the benefits of transparency in purchasing in 6 steps

    Big procurement successes are the payoff for arduous preparatory work. With internationally operating corporations, in particular, the first step is the recognition of the bundling potential across the group. This is only possible if the ‘same’ goods...

  • Spend Management Overview

    SpendControl – What’s that? SpendControl is a comprehensive software designed to provide a platform for significant cost savings through automated procurement analytics and spend management. Our software encompasses KPIs, analytical metrics and other...

  • DataCategorizer is certified as built on SAP Cloud Platform

    Nuremberg - June 27, 2019 - Orpheus DataCatergorizer has received SAP certification for the SAP HANA® platform. The solution has been proven to run on SAP HANA and leverages its unique capabilities. The SAP Integration and Certification Center (SAP...

  • DataCategorizer is certified as powered by SAP HANA

    The Orpheus DataCategorizer supports clients in swiftly achieving group-wide transparency within their procurement data, required for reliable analyses. An AI-backed framework implements various functions for Semantic Data Management (SDM) and thus...

  • Orpheus Videos InitiativeTracker Overview

    the InitiativeTracker offers you to plan, manage and document savings in procurement in order to prove your procurement success and added value to the management. The following problems are often found in larger, internationally-listed companies and...

  • Services for Spend Management

  • FAQ: Success of Negotiations

    What exactly is called "Success of Negotiations"? We can speak of negotiation successes if we can obtain discounts compared to current offers or actual pricing through systematic, purchase-related methods (and skill). So-called competitive effects in...

  • FAQ: Procurement Strategy

    What procurement strategies and material cluster strategies are there? In purchasing, a differentiation is made between so-called operative purchasing and strategic purchasing. The latter is usually divided into individual material cluster so that lead...

  • FAQ: Project Success Measuring

    etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Measurement Procurement Success KPI Savings Initiatives Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07} Orpheus...

  • FAQ: Initiative Management

    What does Initiative Management mean in procurement context? Initiative management involves the planning, management, and measuring of (strategic) procurement projects. Purchasers can define projects, initiatives, and actions, provide activities for...

  • FAQ: Balanced Scorecard

    What is meant by Balanced Scorecard an Procurement Scorecard? Purchasing controlling or procurement performance management and the corporate or departmental objectives defined on a (balanced) scorecard are closely linked. As described in glossary terms...

  • Akademie übersicht EN

    Indicators › Content Management › CPO › Cost Avoidance › Cost Reductions › eClass › Procurement Controlling › Procurement Success › Key Procurement Performance Indicators › Procurement Planning › Procurement Strategy › Search Glossary {loadposition...

  • The 6 Savings Types

    Procurement answers for a large cost block, especially in manufacturing companies or in trade enterprises. This cost block should be managed. Savings should be achieved and performance should be verifiable. In this article, we will present you with a...

  • FAQ: CPO

    What does a CPO? The Chief Procurement Officer is also referred to as the Chief Purchasing Officer (CPO) in global companies. He is responsible to executive management for the success of the procurement department. Dashboards & Insights Dashboards &...

  • FAQ: Degree of Implementation Systematic (DOI)

    & Savings Tracking more about Impact & Savings Tracking Purchasing Procurement Degree of Implementation Savings Spend Procurement Success Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07} Orpheus Blog Read blog articles...

  • FAQ: Indirect Purchasing

    Request a Demo for Dashboards & Insights more about Dashboards & Insights procurement purchasing indirect purchasing procurement success procurement data KPI controlling Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07}...

  • Orpheus Videos BME Webinar SpendControl - Small Business

    the Orpheus GmbH cordially invite to the live-webinar. Find out what "SpendControl - Small Business" can do for your procurement success and get a first impression of how easy it will be for you to create resilient reporting for your business in the...

  • Consolidate and classify purchasing data

    Perfect data quality lays the foundation for successful spend controls. Wouldn’t it be great to have instant access to current, valid, reliable numbers or to know the bundled spend volume for individual suppliers and categories – across all business...

  • FAQ: Spend Analysis

    What is meant by Spend Analysis Spend Analysis is often synonymously used with the term Spend Management. Both terms fundamentally encompass all functions required for progressive purchase controlling. Other interpretations of Spend Analysis emphasize...

  • Optimizing Margins

    Indeed it is possible – we can optimize our margins significantly easier and even better with transparent data. However, how do we create sustainable data transparency throughout all procurement data of the company? You will find out in the following...

  • FAQ: Purchasing Transparency

    a Demo for Data Cleansing & Categorization more about Data Cleansing & Categorization procurement purchasing supplier procurement success procurement data data quality savings Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition...

  • Orpheus Videos Financial Savings Management

    Video on the topic "Financial Savings Management" (DE) Category: Performance Management | Duration: 02:19 m {loadposition modal52} As a CFO, you make decisions. You define strategies and you have to ensure that these strategies are also implemented....

  • FAQ: KPIs

    What are KPIs? KPI is the abbreviation for Key Performance Indicator. These indicators are key figures that monitor the transparency, successes or cost savings, compliance, process efficiency, risks and many other aspects of strategic purchasing. They...

  • FAQ: Cost Savings

    & Insights more about Dashboards & Insights procurement purchasing savings cost reduction cost avoidance measurement procurement success Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07} Orpheus Blog Read blog articles...

  • Orpheus Videos

    | 3:37 m Orpheus Product Portfolio The interaction of Orpheus Tools AI-based solutions from a single source for your procurement success. Category: Spend Analysis | 1:25 m Spend Classification & Transparency - Overview Increase data transparency with...

  • FAQ: Competitive Effects

    etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement competition Procurement Success Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07} Orpheus Blog Read blog articles...

  • FAQ: Compliance Indicators

    a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Procurement KPI Compliance Procurement Success Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07} Orpheus Blog Read blog articles...

  • Orpheus Videos Consultants

    Orpheus SpendCube – Transparency for Partners & Consultants Category: Data Management | Duration: 3:47 m {loadposition modal52} Consulting projects in procurement usually start with the creation of an Excel based Spend Cube. However, this approach is…...

  • FAQ: Potentials

    What potentials are there in purchasing? Potentials in purchasing can refer to many different contexts. Reference is to cost savings, for example, when speaking about savings. These could be potential reduction of purchase prices from which cost...

  • FAQ: Strategic Purchasing

    What does strategic purchasing mean? Strategic purchasing differs from operative purchasing in that it defines a purchasing strategy that consists of coordinated measures, which subsequently bring sustainable success to a company. The purchasing or...

  • FAQ: Cost Avoidance

    What is Cost Avoidance? Cost avoidance is implemented, for example, through successful negotiations, without which a product or a service would be purchased at an even higher price. Cost avoidance must be posted as the success of the procurement...

  • Calculating and Analyzing Material Price Variance (MPV) - 6 Basic Rules

    Material price variance – sometimes also referred to as material cost variance (MCV) – is an essential key indicator for spend managers. It is important because it is a central measure for the success of procurement relevant to profit and loss. It sets...

  • Orpheus Videos Spend Analysis

    | 2:32 m Orpheus Product Portfolio The interaction of Orpheus Tools AI-based solutions from a single source for your procurement success. Category: Spend Analysis | 1:25 m More videos will follow... 0:00 m More videos will follow... 0:00 m Orpheus...


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