supplier is required

  • 4 Steps: Predictive Analytics in Procurement

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

  • FAQ: Supplier Relationship Management

    What means 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...

  • Orpheus Videos Supplier Management Overview

    Overview „Orpheus Supplier Data Management“ Category: Data Management | Dauer: 01:17 min {loadposition modal52} Hello, and welcome to our video on transparency and our Semantic Data Management. In this video we will take a closer look at the supplier...

  • 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...

  • Data Consolidation

    The smarter way to bundle your suppliers and materials Consolidation and clusters combine master data records on suppliers, categories, materials, and services into meaningful groups. Behind the scenes, these methods analyze text information such as a...

  • 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.

  • 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...

  • 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...

  • FAQ: Single Sourcing

    What does Single Sourcing mean? Single Sourcing describes the procurement of certain goods from a single supplier. In most cases, this makes sense if you are striving for a close partnership with this supplier, or if other strategic advantages are...

  • FAQ: Supplier Evaluation

    How to implement supplier evaluation? A supplier evaluation differentiates according to “hard facts” and “soft facts” in order to assess the actual condition of a supplier with regard to value, opportunities, and risks for the individual company....

  • FAQ: Master Data Management

    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 Product groups...

  • 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...

  • FAQ: KPIs

    are defined differently depending on the company: Transparency in purchasing Spend, amount, price, purchasing successes Supplier management Transparency (“negotiation sheet”), assessment of hard and soft facts incl. quality and supply reliability,...

  • Data Classification

    Classify records, suppliers, and materials automatically DataCategorizer automatically classifies transactional data such as invoices and orders as well as master data such as suppliers. By classifying data thoroughly and granularly based on a...

  • Consolidate and classify purchasing data

    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 departments and subsidiaries? Our software provides the transparency and reliable...

  • Spend Management Overview

    by identifying consolidationopportunities. These bundling concepts can form the basis for new price negotiations or supplier changes. Without transparent and classified data CPOs cannot organize and execute the tasks optimally which places CPOs in weak...

  • 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...

  • Data Cleansing & Categorization

    transparency Data Cleansing & Categorization provides an innovative tool set to quickly perform spend categorization and supplier consolidation tasks. By applying machine learning and our expert know-how, we automate as many steps as possible in this...

  • FAQ: ABC Analysis

    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 suppliers. They answer, e.g. the following question – which...

  • Orpheus Videos Financial Savings Management

    chain, such as: Category knowledge or information on procurement markets Baselines from the actual data for categories and suppliers Intelligent Supplier Search and comparisons (supplier analysis) Fact-based creation of strategies (for product groups,...

  • Orpheus Videos Consultants

    data allowing for full transparency of the company's overall spend. DataCategorizer also automatically detects duplicate suppliers and consolidates subsidiaries to their parent companies creating a supplier hierarchy. This makes it easy for consultants...

  • FAQ: Cost Drivers

    materials. In addition to the raw materials and the semi-finished products or components, the currency effects to which a supplier’s own purchasing is subject to play a role. Exchange rates are also potential cost drivers. A further cost driver is labor...

  • 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...

  • Calculate the benefits of transparency in purchasing in 6 steps

    of the bundling potential across the group. This is only possible if the ‘same’ goods and services, as well as the shared suppliers, can be identified across all divisions, business branches and companies. This can only be achieved if the material...

  • 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...

  • Orpheus Videos Semantic Data Management Overview

    for standardisation and specification changes as well as to compare prices of similar materials provided by different suppliers. It also serves as the basis for advanced methods of Linear Performance Pricing. Benefits Find identical and similar items by...

  • FAQ: Purchasing Transparency

    potentials by comparing the prices of same or similar materials (see benchmarking) or clustering potentials for similar suppliers, comparable – read: transparent – information and baselines are needed. The prerequisite initially for increasing...

  • FAQ: Success of Negotiations

    of price variances or price ranges of a bid can be measured via key success indicators and final negotiation success with suppliers. Success can produce competitive effects through bids or execute contract negotiations with suppliers in a well-prepared...

  • Services for Spend Management

  • Orpheus Videos Category Management Overview

    DataCategorizer is an end-to-end solution for transparency, structuring of cost information and data classification. Our Supplier Knowledgebase enables you to fully automate your classification of spend. Users can easily view, change or extend your...

  • FAQ: Procurement Strategy

    of the current situation, for example in regard to the expenditure amounts, the cost savings already achieved, the suppliers used and the quality delivered, etc., it is impossible to deduce and develop useful strategies. These so-called baselines serve...

  • FAQ: Benchmarking

    from Orpheus, do precisely that: they recognize duplicates in the master data they group and cluster similar components/ suppliers. Transaction data as well, such as invoices and orders, are classified (e.g. according to a classification standard such...

  • Orpheus Videos Orpheus.Cloud

    Management Increase data transparency with the help of the AI and the text mining method of the Orpheus DataCategorizer Supplier Data Management Get more transparency into your supplier data, consolidate your suppliers into a hierarchical structure...

  • Orpheus Videos Portfolio

    Management Increase data transparency with the help of the AI and the text mining method of the Orpheus DataCategorizer Supplier Data Management Get more transparency into your supplier data, consolidate your suppliers into a hierarchical structure...

  • Orpheus Videos BME Webinar SpendControl - Small Business

    Management Increase data transparency with the help of the AI and the text mining method of the Orpheus DataCategorizer Supplier Data Management Get more transparency into your supplier data, consolidate your suppliers into a hierarchical structure...

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

    Management Increase data transparency with the help of the AI and the text mining method of the Orpheus DataCategorizer Supplier Data Management Get more transparency into your supplier data, consolidate your suppliers into a hierarchical structure...

  • Orpheus Videos BME Webinar BOTs Advanced Analytics

    Management Increase data transparency with the help of the AI and the text mining method of the Orpheus DataCategorizer Supplier Data Management Get more transparency into your supplier data, consolidate your suppliers into a hierarchical structure...

  • Orpheus Videos InitiativeTracker Overview

    Management Increase data transparency with the help of the AI and the text mining method of the Orpheus DataCategorizer Supplier Data Management Get more transparency into your supplier data, consolidate your suppliers into a hierarchical structure...

  • Orpheus Videos Data Management

    with the help of the AI and the text mining method of the Orpheus DataCategorizer Category: Data Management | 2:06 m Supplier Data Management Overview Consolidate your supplier data into an hierarchical structure („family tree“). Detect duplicate data...

  • Orpheus Videos

    Product classification, Text-based material clustering and Linear Performance Pricing Category: Data Management | 2:52 m Supplier Data Management - Overview Consolidate your supplier data into an hierarchical structure („family tree“). Detect duplicate...

  • Artificial Intelligence

    The classification algorithms for procurement documents (invoices, orders/purchase orders) and master data (e.g. suppliers, materials) calculate spend transparency and valid baselines with high levels of automation. These methods turn the dream of price...

  • 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...

  • Start - Modern solutions for the future.

    at the most granular level? Consistent consolidation … we could harmonize and consolidate procurement data (e.g., suppliers, materials) across multiple ERP systems, sites, geographies, and subsidiaries? Efficient category strategy … we had a standard...

  • Big Data Analytics in strategic purchasing

    For a few months now, the term Big Data has been a hot topic in the media. Yet what is really new with respect to well-known instruments such as SpendAnalysis and procurement controlling? Big Data in strategic purchasing primarily aims for a higher...

  • 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...

  • 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...

  • FAQ: Potentials

    or potentials through standardization or specification changes as well are included just like possible changes in suppliers or the transfer of spend to more cost-effective countries or regions. The term potential, however, suggests that the savings and...

  • FAQ: Currency Effects

    previous periods through exchange rate variations. The following are differentiated: The effect through the conversion of suppliers to the local currency – the transaction effect – and Through the conversion from the local currency to the reporting...

  • 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...

  • 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...

  • FAQ: Startseite

    › Scorecard › Single Sourcing › Spend Analysis › Spend Management › Strategic Purchasing › Success of Negotiations › Supplier Evaluation › Supplier Relationship Management › T Total Cost of Ownership › Transparency › U UNSPSC › Utilization of Framework...

  • FAQ: Spend Analysis

    compliance (e.g. Maverick Buying Quote), material prices or material price changes, payment terms and conditions, supplier performance and product group management, cost savings and purchasing successes, quality and supplier reliability, benchmarks and...

  • FAQ: Procurement controlling

    areas such as compliance, automation and processes, procurement volumes/ spend, conditions, working capital, quality, supplier reliability, supplier evaluations and many more. The responsible employee working in procurement performance management is...

  • FAQ: Total Cost of Ownership

    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 {loadposition sidebar07} Orpheus Blog Read...

  • FAQ: Spend Analysis & Spend Management

    volume as well as pricing and quantities of all areas of the company worldwide. It serves the structured analysis of supplier expenditures with the goal of identifying and monitoring cost reduction and optimization as well as taking appropriate steps,...

  • Carbon Analytics

    detailed information about our CO2 footprint, and it has become mandatory to provide emission information in every RfQ or supplier onboarding. We are here to support you with our excellent capabilities, extensive experience, and future-ready knowledge...

  • Home EN

    at the most granular level? Consistent consolidation … we could harmonize and consolidate procurement data (e.g., suppliers, materials) across multiple ERP systems, sites, geographies, and subsidiaries? Efficient category strategy … we had a standard...

  • FAQ: Cost Savings

    measures for the improvement of liquidity, for example by means of amended/shortened payment terms and conditions for suppliers, are subordinate priorities of the strategic purchasing department. The so-called baseline is of significance concerning the...

  • FAQ: Performance Measurement

    thereby measure improvements to non-monetary key figures such as the Maverick Buying Quote (compliance) or the number of suppliers, or to use KPIs in regards to quality and supply capability. The measurement itself is carried out via highly specialized...

  • FAQ: XYZ Analysis

    However, the analytical goal is different. With the XYZ analysis, we attempt to find out what objects (materials, suppliers, etc.) have particularly heavily fluctuating demands (Z class) and which ones have more consistent, even demands (X class)....

  • FAQ: Competitive Effects

    effect describes pricing variances of offers within a bid. For the reason alone that procurement allows multiple suppliers to come together in one bid, savings potentials can be produced. Dashboards & Insights Dashboards & Insights is a complete...

  • FAQ: Classification of Purchasing Data

    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: DUNS Numbers

    companies throughout the world, which is issued by Dun & Bradstreet. It is useful in procurement to clearly determine suppliers, to identify potential duplicates or to match these to other datasets. Additional information about parent companies and...

  • 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: Balanced Scorecard

    procurement controlling serves two different purposes. On the one hand, parts of the procurement scorecard or the supplier scorecards are implemented. On the other hand, target achievements can be measured (see glossary for the terms performance...

  • FAQ: Strategic Purchasing

    a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Strategic Purchasing Sourcing Supplier Spend Savings Big Data Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07} Orpheus Blog Read...

  • FAQ: Utilization of Framework Agreements

    Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Payment Terms Initiatives KPI Measurement Supplier Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07} Orpheus Blog Read blog articles about...

  • FAQ: Material Clusters

    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 {loadposition sidebar07} Orpheus...

  • FAQ: Low-Cost Country Sourcing

    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 sidebar07} Orpheus Blog Read blog...

  • FAQ: Global Sourcing

    Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Sourcing International Strategic Procurement Supplier Master Data Savings Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07} Orpheus Blog Read...

  • FAQ: Forecasting

    a Demo for Dashboards & Insights more about Dashboards & Insights Purchasing Procurement Forecasting Predictive Analytics Supplier Master Data KPIs Savings Search Glossary {loadposition sidebar06} Orpheus Glossary {loadposition sidebar07} Orpheus Blog...

  • FAQ: eProcurement

    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} Orpheus Blog Read...

  • FAQ: Procurement Planning

    initiatives). The strategic forecasting of procurement initiatives and their results (e.g. negotiations with a supplier) are particularly important in order to be able to plan and gauge savings. Impact & Savings Tracking Impact & Savings Tracking is a...

  • Dashboards & Insights

    reports for complete spend transparency Slice and dice data and analyze indirect and direct categories on individual supplier level and create new custom dashboards and reports. Sample Screen User-group specific frontends for different needs and...

  • Data Connectivity & Transformation

    analytics tool to drive insight generation. Processing of all entities to initiate cube building Taking into account supplier, invoice, PO, and other master data, we can build an initial spend cube by matching all necessary fields to our standard model.

  • Products

    ENABLE VALUE Data Cleansing & Categorization Automated AI and reference data driven data quality assessment, supplier harmonization, and spend classication with intuitive user interfaces Go to Data Cleansing & Categorization IDENTIFY VALUE Dashboards &...


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