Adopting
a Holistic View in Procurement
It's common practice for organizations to try and patch up challenge
points or to implement partial solutions, whether it is due to cost and
implementation speed considerations, bureaucratic or legal factors, or the
avoidance of making risky decisions – either way, neither approach is optimal.
The situation is no different when looking at cost and efficiency
factors associated with procurement processes and supplier management. Companies often deploy exorbitantly expensive
and slow-to-implement solutions as a form of "follow the crowd"
mentality or acquire apps that do not really work together and therefore only
minimally optimize processes.
What typically works best, in just about every sphere, is adopting a holistic
approach – looking at all impacting factors together to reach an optimal
solution.
If you maintain significant staff to oversee, confirm the accuracy of,
and process procurement interactions with suppliers – you're likely faced with
a slower-than-desired supply chain that's rich with processing errors and
inaccuracies.
A holistic view of the problem would address such factors as cost and
speed of implementation, end-to-end resolution of the associated challenges, limited
modification of existing systems and workflows, and the like.
Nipendo's end-to-end intelligent automation platform was designed for
rapid and cost-effective implementation above existing ERP systems and
procure-to-pay processes – of both buyers and suppliers. Its automation capabilities not only cover
the back-and-forth transmission of documents but also provide process
governance that matches existing business policies as well as the flexibility
to absorb changes in both systems and processes.
The end result of implementing nipendo's holistic platform is the entry
of accurate data into ERP systems and the efficient supply of goods and
services.
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