Manufacturers across industries are consistently charged with reducing costs, introducing product innovation, achieving regulatory compliance, enhancing supplier performance and achieving strategic initiatives. The fundamental challenge is not whether the manufacturer should try to achieve the objectives, but how they can most effectively be accomplished.
The core solution to this challenge is to optimize the end to end source-to-pay process with a focus on improving speed, efficiency, control, and visibility. The successful automation of source-to-pay processes can help manufacturers to reduce costs, achieve regulatory compliance, enhance performance, and surpass strategic initiatives.
Source-to-pay automation offers the finely choreographed solution that manufacturers need to meet their strategic objectives. Through the elimination of process inefficiencies, reduced reliance on manual systems and resolution to poor productivity levels, procurement automation can and should be used by manufacturers.
Managed in direct and indirect spend by a leading automotive and aerospace company
In annual savings by a leading global tire manufacturer
Replaced by 1 platform across 330 sites and 34 countries by a leading provider of automotive engineering solutions
and 330 Strategic suppliers proactively manage by a major automotive manufacturer
Per Sourcing Round by a leading appliance manufacturer
— Francesco Cantoni, Strategic Procurement and Supply Chain Manager Lucchini RS