purchasing is required

  • Indirect Purchasing: Transparency, potential analysis and performance measurement

    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 purchasing categories, such as services, IT, marketing, etc., which...

  • Spend Management Overview

    (e.g. SAP, Navision, Oracle, etc.) within spend cube matrices is achieved via proven interfaces. An extensive library of purchasing indicators resp. KPI coupled with standard reports provide in-depth spend, price or savings analysis with just a few...

  • 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: Purchasing Transparency

    What is meant by Purchasing Transparency When talking about transparency in purchasing, it usually refers to the transparency of the data. This is not always provided per se at first, especially in more complex, group-like corporate structures. In...

  • FAQ: Indirect Purchasing

    What is meant by Indirect Purchasing Strategic purchasing is divided into two areas in many companies. The one are of direct purchasing looks after materials that are directly integrated into the end products via parts lists or the formulation. These...

  • 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...

  • 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...

  • 5 proposals for truly sustainable purchasing success

    of this mission unfolds its impact in significant economic parameters of due diligence. On the one hand, more favorable purchasing prices contribute to improved profits. On the other hand, the available cash flow increases – the saved money is available...

  • Services for Spend Management

  • 4 Steps: Predictive Analytics in Procurement

    Identify interdependencies, support forecasts, detect price risks early on and illustrate savings potentials with correlation and regression calculations

  • 3 Steps to improve Data Transparency in direct and indirect purchasing

    A classification of procurement data – in other words, the purchase vouchers such as invoices and orders – is the second most time-consuming step in the implementation of an efficient Spend Management system.

  • Big Data Analytics in strategic purchasing

    new with respect to well-known instruments such as SpendAnalysis and procurement controlling? Big Data in strategic purchasing primarily aims for a higher “analysis intelligence”. The objective is to obtain new, hitherto unknown, conclusions from the...

  • FAQ: KPIs

    the transparency, successes or cost savings, compliance, process efficiency, risks and many other aspects of strategic purchasing. They also serve to recognize trends and other data patterns. KPIs differ from “normal” purchasing numbers in that they...

  • 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: Cost Drivers

    What are Cost Drivers in Purchasing? Cost drivers in purchasing describe which factors influence the purchase price for parts and services. The cost drivers in purchasing vary greatly depending on the product group as well as the type of product group....

  • 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: Procurement controlling

    management are two synonyms for the same functional area. The terms describe the tasks of supporting both strategic purchasing and operative purchasing with methods, processes, data, key figures, analyses and software. The objective is to efficiently...

  • 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...

  • FAQ: Classification of Purchasing Data

    How to classify purchasing data? For more transparency in procurement, we should not only classify historical data (such as suppliers), but also documents or dynamic data such as invoices or orders. The classification arranges all objects into given...

  • 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...

  • 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...

  • 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...

  • 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: Master Data Management

    management and improvement of a corporation’s master data. The most important master data for strategic and (operative) purchasing are: Suppliers Materials/ components Catalogs (e-Procurement) featuring the goods and services that need to be purchased...

  • 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: Predictive Analytics

    What is the purpose of Predictive Analytics or Forecasting? Predictive analytics (in purchasing) describes key figures, evaluations and chains of analyses that concentrate on prognostic conclusions. For example, a company tries to forecast the...

  • 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...

  • Initiative Management Overview

    InitiativeTracker – What’s that? InitiativeTracker is a software to Plan and monitor sourcing initiatives, Control your purchasing organization by planned values and measures, Measure your purchasing performance and React early to differences between...

  • FAQ: Measure Management

    key figures that need to be achieved by the different corporate units (i.e. the individual departments or divisions). The purchasing department also derives its goals from the company’s overall goals. For example, the purchasing goals (e.g. cost...

  • FAQ: Supplier Relationship Management

    (SRM)? The term Supplier Relationship Management (SRM) includes the strategic and operative processes, beginning with the purchasing strategy, supplier management and procurement controlling all the way to the tendering and contractual process as well...

  • FAQ: Cost Savings

    What is meant by Cost Savings in Purchasing? Cost savings in purchasing can be divided into different categories. Typically the differentiation is between: Cost reduction Cost Avoidance Availability effect or working capital effects Since what is...

  • FAQ: Maverick Buying

    large volumes are purchased outside of the procurement department. Typical examples for maverick buying definitions: Purchasing without the procurement department Purchasing without regarding the conditions of existing framework agreements Purchasing...

  • FAQ: Total Cost of Ownership

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement KPI Supplier Product Supplier Management Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: Spend Analysis

    material price changes, payment terms and conditions, supplier performance and product group management, cost savings and purchasing successes, quality and supplier reliability, benchmarks and many other KPIs is available in this software. An important...

  • Management Team

    Management Team of Orpheus, a McKinsey company Björn-Uwe Mercker CEO at Orpheus, a McKinsey company Partner at McKinsey & Company Björn-Uwe Mercker on LinkedIn Jörg Erlemeier COO at Orpheus, a McKinsey company New Capabilities Launch Director at...

  • FAQ: Benchmarking

    (see BME key figures) Category spend ratio analyses, in order to benchmark the spend structure (especially in indirect purchasing) Category spend fragmentation, in order to find supplier rationalization approaches Price benchmarks for the same...

  • 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...

  • 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...

  • FAQ: Initiative Management

    can be measured. In addition to the term "initatives" the following terms are often used: procurement initiatives, purchasing initiatives, procurement projects, purchasing projects Impact & Savings Tracking Impact & Savings Tracking is a full featured...

  • 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...

  • 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...

  • 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...

  • 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: Added Value of Procurement

    as prices, quantities, spend, and much more. Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Indicators Spend Initiative Savings Sourcing Value Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: Budget

    What exactly is meant by the term "budget" in procurement context? The purchasing budget is the projected procurement volume for a certain purchasing category related to given planning periods. Dashboards & Insights Dashboards & Insights is a complete...

  • FAQ: Startseite

    of Implementation (DOI) › DUNS numbers › E eClass › eProcurement › F Forecasting › G Global Sourcing › H I Indirect Purchasing › Initiative Management › J K Key Procurement Performance Indicators › KPIs › L Low Cost Country Sourcing › M Master Data...

  • FAQ: Procurement Success

    visualizations and dashboards. Request a Demo for Impact & Savings Tracking more about Impact & Savings Tracking Purchasing Procurement Measurement Procurement Success KPI Savings Initiatives Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: Reporting

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Spend Management Spend Analysis Reporting Measurement Report Transparency Search Glossary {loadposition...

  • FAQ: Savings Pipeline

    visualizations and dashboards. Request a Demo for Impact & Savings Tracking more about Impact & Savings Tracking Purchasing Procurement Savings Management Initiatives Performance Savings Measurement Initiatives Search Glossary {loadposition sidebar06}...

  • Download gestartet - BME Webinar 12-2020 EN

    BME Webinar Materials The download of the documents for the Webinar "Future-proofing and resilience of purchasing" has started. If you do not see a file for download, click on the following link: Download documents for the Webinar "Future-proofing and...

  • Orpheus Videos Semantic Data Management Overview

    is called Data Categorizer. By applying intelligent algorithms balance can be found in material texts such as invoices or purchasing orders or master data of items. Subsequently those materials can be clustered automatically based on their textual...

  • Start - Modern solutions for the future.

    intelligent data hub that integrates all data sources scattered in data silos and external cloud platforms that contain purchasing-relevant information at one point. Digital Backbone A central, intelligent data hub that integrates all data sources...

  • FAQ: Procurement Performance Measurement

    visualizations and dashboards. Request a Demo for Impact & Savings Tracking more about Impact & Savings Tracking Purchasing Procurement Measurement Performance Savings KPI Initiatives Key Indicator Search Glossary {loadposition sidebar06} Orpheus...

  • FAQ: Consolidation

    What is meant by the consolidation of purchasing data? With consolidation, data – particularly historical supplier data – is harmonized, grouped, and finally aggregated in clusters. This includes the following individual steps, etc.: Deleting or...

  • 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: Compliance Indicators

    to given rules and guidelines. Compliance regulations vary in each company. Typical compliance indicators relevant to purchasing are, e.g. the maverick buying rate, the use of framework agreements or the use of given payment terms compliant to the...

  • FAQ: ABC Analysis

    (A, B, and C) and to depict the results graphically via a so-called Lorenz curve. The ABC analysis is frequently used in purchasing to differentiate the most essential, large-scale suppliers from the numerous smaller suppliers. We then refer to ABC...

  • FAQ: Cost Avoidance

    visualizations and dashboards. Request a Demo for Impact & Savings Tracking more about Impact & Savings Tracking Purchasing Procurement Avoidance Reduction Spend Savings Sourcing Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition...

  • Akademie übersicht EN

    - Predictive Analytics im Einkauf - Zusammen mit Umfang und Bedeutung des Einkaufs wächst... » read more Indirect Purchasing: Transparency, potential analysis and performance measurement In many companies, the purchase of so-called direct materials...

  • Orpheus Videos InitiativeTracker Overview

    Overview „Orpheus InitiativeTracker“ Category: Initiative Management | Duration: 05:11 min {loadposition modal52} In this video we will show you what possibility the InitiativeTracker offers you to plan, manage and document savings in procurement in...

  • FAQ: Low-Cost Country Sourcing

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Sourcing Supplier Savings Spend Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition...

  • Orpheus Videos BME Webinar Digitalisierung und ihre Auswirkung auf den Strategischen Einkauf

    of the survey in a total of 500 companies are available. What is important to you and your colleagues in strategic purchasing? Your roadmap for digitisation in strategic procurement Practical recommendations forself-positioning and planning. Where do I...

  • FAQ: Single Sourcing

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Single Sourcing Supplier Measurement Material Master Data Search Glossary {loadposition sidebar06} Orpheus...

  • FAQ: Key Procurement Performance Indicators

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Performance Indicator KPI Master Data Initiatives Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: XYZ Analysis

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Analysis Products Classification Material ABC Analysis Search Glossary {loadposition sidebar06} Orpheus...

  • FAQ: Competitive Effects

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement competition Procurement Success Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition...

  • FAQ: Currency Effects

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Initiatives Spend Savings Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07}...

  • FAQ: Success of Negotiations

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Measurement Procurment Success Supplier Material Cluster Spend Analysis Benchmarking Search Glossary...

  • FAQ: UNSPSC

    data in procurement. Request a Demo for Data Cleansing & Categorization more about Data Cleansing & Categorization Purchasing Procurement Cluster eClass UNSPSC Classification Consolidation Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: Spend Analysis & Spend Management

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Spend Management Spend Analysis Reporting Spend Savings Measurement Search Glossary {loadposition sidebar06}...

  • FAQ: Savings Management

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Savings Management Performance Savings Measurement Initiatives Search Glossary {loadposition sidebar06}...

  • FAQ: Utilization of Framework Agreements

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Payment Terms Initiatives KPI Measurement Supplier Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: Procurement Performance Management

    data in procurement. Request a Demo for Data Cleansing & Categorization more about Data Cleansing & Categorization Purchasing Procurement Spend Management Performance Management KPI Reporting Master Data Initiatives Search Glossary {loadposition...

  • FAQ: Project Success Measuring

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Measurement Procurement Success KPI Savings Initiatives Search Glossary {loadposition sidebar06} Orpheus...

  • FAQ: Material price variance (MPV / MCV)

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Performance indicator Initiatives Spend Savings Reporting MPV Search Glossary {loadposition sidebar06} Orpheus...

  • FAQ: Material Clusters

    data in procurement. Request a Demo for Data Cleansing & Categorization more about Data Cleansing & Categorization Purchasing Procurement Master Data Supplier Cluster Material Initiatives Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: Supplier Evaluation

    data in procurement. Request a Demo for Data Cleansing & Categorization more about Data Cleansing & Categorization Purchasing Procurement Sourcing Supplier Material Cluster Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition...

  • FAQ: Cost Reduction

    visualizations and dashboards. Request a Demo for Impact & Savings Tracking more about Impact & Savings Tracking Purchasing Procurement Avoidance Reduction Spend Savings Sourcing Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition...

  • FAQ: Degree of Implementation Systematic (DOI)

    visualizations and dashboards. Request a Demo for Impact & Savings Tracking more about Impact & Savings Tracking Purchasing Procurement Degree of Implementation Savings Spend Procurement Success Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: Global Sourcing

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Sourcing International Strategic Procurement Supplier Master Data Savings Search Glossary {loadposition...

  • FAQ: Forecasting

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Forecasting Predictive Analytics Supplier Master Data KPIs Savings Search Glossary {loadposition sidebar06}...

  • FAQ: eProcurement

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Supplier Procurement system Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07}...

  • FAQ: Procurement Planning

    visualizations and dashboards. Request a Demo for Impact & Savings Tracking more about Impact & Savings Tracking Purchasing Procurement Initiatives Measurement Savings Budget Cost Reduction Cost Avoidance Search Glossary {loadposition sidebar06} Orpheus...

  • FAQ: eCl@ss EN

    with eClass? eCl@ss® is a cross-industry, internationally recognized standard for the classification of product data and purchasing documents in hierarchies (similar to UNSPSC®). There are currently approx. 39,000 various categories covered therein....

  • FAQ: DUNS Numbers

    data in procurement. Request a Demo for Data Cleansing & Categorization more about Data Cleansing & Categorization Purchasing Procurement Data eClass UNSPSC Classification Consolidation Cluster Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: Cash-out-Quote

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Cost Avoidance Cost Reduction Savings Spend Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: Content-Management

    data in procurement. Request a Demo for Data Cleansing & Categorization more about Data Cleansing & Categorization Purchasing Procurement Master Data Transaction Data Consolidation Classification Transparency Search Glossary {loadposition sidebar06}...

  • FAQ: Budget Savings

    visualizations and dashboards. Request a Demo for Impact & Savings Tracking more about Impact & Savings Tracking Purchasing Procurement Budget Savings Cost Reduction Cost Avoidance Savings Spend Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • FAQ: Ad-hoc Queries

    ERP system (e.g. SAP, Navision, Oracle etc.). Request a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Degree Analytics Reporting Big data Transparency Search Glossary {loadposition sidebar06} Orpheus Glossary...

  • DPW’s DEMO Virtual Grand Finale - Defining the future of procurement

    On September 23, an audience of over 500 people enjoyed a look at the future of procurement technology at DPW’s DEMO Virtual Grand Finale. As sponsors of the event, we were delighted to watch nine great startups present their cutting-edge procurement...

  • 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...

  • 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…...


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