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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...
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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...
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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...
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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.
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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...
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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...
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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...
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4 Steps: Predictive Analytics in Procurement
Identify interdependencies, support forecasts, detect price risks early on and illustrate savings potentials with correlation and regression calculations
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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...
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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...
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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...
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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...
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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...
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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...
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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,...
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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...
Assuming controlling is required, the following results were found.
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