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...

Spend Management Overview

a flexible and professional system for all facets of spend management. How to Optimize Margins and Implement Efficient Controlling SpendControl, a modern software for purchasing controlling, creates sustained data transparency by means of a detailed,...

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 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...

Start - Modern solutions for the future.

of all types of procurement and financial data. Spend Control An integrated solution for procurement analytics and controlling. It offers an innovative platform for transparency, analytical insights, fact-based strategy development, and procurement...

Orpheus Videos InitiativeTracker Overview

fluctuations. Although the measures are planned (usually in Excel), the follow-up of these measures or the success controlling is very laborious to consolidate and to prepare management-fair. Not forgetting the disadvantages that an Excel-based system...

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...

Services for Spend Management

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...

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.

Contact us for Spend Control

Your Demo for "Spend Control" We are pleased to present "Spend Control" in a short demo. You will receive the access data shortly before the presentation will take place via e-mail. If you have any questions, please contact Mr. Uwe Boller (Sales) at...

FAQ: Cost Drivers

It is possible to benefit from the knowledge about individual cost driver for supplier materials or services in purchase controlling, for example to prepare for negotiations, in order to comprehend and make plausible the argument for a supplier’s...

FAQ: Procurement Strategy

These so-called baselines serve as a crucial basis of a fact-based strategy and are usually provided by the procurement controlling department. One study conducted by Orpheus shows the significance that procurement controlling has for strategic issues....

Orpheus Videos Financial Savings Management

etc.) and derivation and management of Initiatives to implement Success measurements and key figure based procurement controlling Added Value measurement through integration in the balance sheet and the income statement. More Videos Category Data...

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...

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...

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...

Orpheus Videos BME Webinar SpendControl - Small Business

Video to the BME webinar "SpendControl-Small business - professional procurement controlling for SMEs in the cloud!" (DE) Category: Analytic & Ro(BOTs) | Duration: 56:51 m {loadposition modal52} Find out - how the proven procurement transparency of...

FAQ: Supplier Relationship Management

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 as the operative requirement request and ordering processes. The...

FAQ: Benchmarking

or spend structures and other KPIs within a group of companies, in particular, is an essential part of modern purchase controlling. In order to even be able to implement benchmarking, the data/ information must firstly be made comparable. There is...

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...

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...

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...

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...

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: Startseite

› Maverick Buying › Measure Management › N O P Potentials › Performance Measurement › Predictive Analytics › Procurement Controlling › Procurement Scorecard › Procurement Performance Management › Procurement Performance Measurement › Procurement...

Download started- Glossary

Alphabetical glossary for procurement controlling The glossary contains an overview of the most important key figures and terms in procurement controlling. If you do not see a file for download, click on the following link: Download the alphabetical...

FAQ: Potentials

and can be repeated any number of times. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: Performance Measurement

consist of numerous reports and KPIs for the ongoing and automated measurement of purchasing successes. The procurement controlling department is responsible for performance measurement, thereby making it a functional part of strategic purchasing. In...

FAQ: Indirect Purchasing

is, for example, the DataCategorizer by Orpheus. Dashboards & Insights Dashboards & Insights is a completeProcurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Spend Analysis

used with the term Spend Management. Both terms fundamentally encompass all functions required for progressive purchase controlling. Other interpretations of Spend Analysis emphasize “analysis,” which refers to analyses of procurement KPIs. Spend stands...

FAQ: Initiative Management

purchasing projects Impact & Savings Tracking Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define...

FAQ: KPIs

Processes and automation Buying channel, process automation, process cycle times, number of transactions and SLAs (SLA controlling) Risk Financial risk, supply chain risk, other risks Allocation Low-cost country sourcing, best country sourcing, global...

FAQ: ABC Analysis

which suppliers (C) handle just 5% of the volume? Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

Impact & Savings Tracking

Built-in savings guidelines and structured documentation helps demonstrate procurement’s value contribution Get holistic controlling capabilities Solve savings reconciliation with P&L by leveraging multi user support and built-in approval workflows Get...

4 Steps: Predictive Analytics in Procurement

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

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...

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 Orpheus.Cloud

the functional areas of marketing, sales or finance remains largely denied to the procurement departments: A professional controlling software as well as an effective data analysis in a clear presentation! Established reporting solutions often consist...

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

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...

SC Demo request

Demo request "Spend Control" We are happy to present you the Orpheus Spend Analysis solution "Spend Control" in a short demo. To better tailor the presentation to your needs, we ask you to call us 2 dates in the adjoining form. If you have any further...

Akademie übersicht EN

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

Orpheus Videos Analytic & Ro(BOTs)

Analytic & BOTs SpendControl - Small Business BME Live-Webinar: SpendControl - Small Business - Professional rocurement controlling for SMEs in the cloud! Category: Analytic & BOTs | 56:51 m Digitization and its impact BME Live-Webinar: Digitization and...

Big Data Analytics in strategic purchasing

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 “analysis intelligence”. The objective is to obtain new,...

FAQ: Master Data Management

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: Predictive Analytics

variables and parameters need to be observed. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: Cost Savings

price and the cost avoidance is calculated. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: Purchasing Transparency

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: Measure Management

Management today Impact & Savings Tracking Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define...

FAQ: Single Sourcing

system, a higher compatibility can be expected etc. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis....

FAQ: Strategic Purchasing

position, and adjust the strategies accordingly Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Key Procurement Performance Indicators

Total Cost of Ownership (TCO) risksa etc. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: XYZ Analysis

ones have more consistent, even demands (X class). Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Competitive Effects

in one bid, savings potentials can be produced. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Currency Effects

of reporting currency through rate variations. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: Success of Negotiations

(comparative figures) or bundling potentials. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: UNSPSC

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: Total Cost of Ownership

throughout the life cycle of a product or service. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Reporting

group either monthly or spontaneously (Ad-hoc). Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Spend Analysis & Spend Management

framework agreements or Optimize working capital Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Savings Management

sense of Cost Avoidance and Cost Reduction as well. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis....

FAQ: Utilization of Framework Agreements

of the payment goals from the framework agreements. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis....

FAQ: Procurement Performance Measurement

management. Impact & Savings Tracking Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define savings...

FAQ: Procurement Performance Management

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: Project Success Measuring

market prices Currency effects Quality aspects etc. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis....

FAQ: Material price variance (MPV / MCV)

the added value of the procurement as well. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: Material Clusters

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: Maverick Buying

without complying with the procurement process Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: Low-Cost Country Sourcing

and strengthening individual competitive benefits. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Supplier Evaluation

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: Cost Reduction

technical savings Impact & Savings Tracking Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define...

FAQ: Consolidation

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: Classification of Purchasing Data

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: Degree of Implementation Systematic (DOI)

can be reported Impact & Savings Tracking Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define savings...

FAQ: Global Sourcing

and to continually monitor in spend management. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Forecasting

in the subsequent period or the planned saving. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: eProcurement

procurement via internet-based catalog systems. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Savings Pipeline

management. Impact & Savings Tracking Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define savings...

FAQ: Procurement Success

as cost avoidance. Impact & Savings Tracking Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define...

FAQ: Procurement Planning

and gauge savings. Impact & Savings Tracking Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define...

FAQ: eCl@ss EN

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: DUNS Numbers

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: Cash-out-Quote

to the ratio of expenditure managed by procurement. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis....

FAQ: CPO

for the success of the procurement department. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: Content-Management

& Categorization Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain...

FAQ: Compliance Indicators

use of given payment terms compliant to the rules. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With...

FAQ: Budget Savings

Cost Reduction). Impact & Savings Tracking Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define...

FAQ: Budget

category related to given planning periods. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: Ad-hoc Queries

that have arisen directly during a meeting. Dashboards & Insights Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis. With its...

FAQ: Cost Avoidance

a neglectful manner. Impact & Savings Tracking Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define...

Initiative Management Overview

plan purchasing projects and activities, and to assign them to responsible staff members or teams. Key word: “Initiative Controlling”. Planned savings can be compared to realized figures. In addition, purchasing performance can be conveniently...

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...

Products

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