P2P

How Lean, Agile Supplier Relationships Improve Client Quote Generation

Manufacturing companies that operate their Procure-to-Pay (P2P) processes so that Supplier Relationships are collaborative, data-driven, strategic alliances improve client quote generation. They are lean, strong, agile supplier relationships that aren’t siloed to strict, expensive parameters. They develop with trust and time through transformative iterations that eliminate unnecessary processes, so your quotes aren’t ambiguous and give…

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Tail spend

How Efficient, Collaborative Supplier Relationships Improve Maverick Spend

Maverick spend doesn’t promote efficient Procure-to-Pay processes or strategic supplier relationships since it takes purchasing outside the realm of your company’s e-procurement system. It doesn’t promote contractual compliance and it undermines trust and transparency. Whether you call it maverick, indirect, rogue or tail spend, “it’s the same challenge and leads to the same results–wasted money…

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How Lean, Agile Supplier Relationships Improve collaborative Client Quote Generation

Manufacturing companies that operate their Procure-to-Pay (P2P) processes so that Supplier Relationships are collaborative, data-driven, strategic alliances improve client quote generation. They are lean, strong, agile supplier relationships that aren’t siloed to strict, expensive parameters. They develop with trust and time through trans-formative iterations that eliminate unnecessary processes so your quotes aren’t ambiguous and give…

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Suppliers

Improving Supplier Relationships With Efficient P2P Processes

Supplier relationships are highly dependent on the procure-to-pay (P2P) architecture that you have in place. Efficient P2P processes can build and improve your supplier relationships. The traditional architecture uses a combination of paper documents and ERP systems. The goal is to streamline a workflow by digitizing a portion of the procurement process. The problem is…

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Agile vs Scrum Waterfall

Defining Waterfall-Scrum Workflows for Your P2P Process – Part 2

Let’s take our definitions of waterfall-agile scrum workflows and incorporate them into the P2P process. Part 1 of “Defining Waterfall-Scrum Workflows for Your P2P Process” introduced one facet of the P2P process–invoice cost–and gave a brief overview of what each of the waterfall and agile (scrum) workflows were separately and how to think of them…

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Supplier Collaboration

Data-Driven Collaboration That Becomes Supplier Alliances

Building of Supplier Alliances: Supplier relationships operating in traditional, waterfall workflow silos are still common in manufacturing companies. The Procure-to-Pay (P2P) processes tend to follow strict parameters, with a flow that’s dependent on the preceding requirements. There’s no iteration. Any deviation from the path requires procedural approval that costs time and money. Following agile workflows…

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Collaboration

Improve Supplier Relationships, NOW. Digitize and Simplify Supplier Related Transactions

In almost every business, internal transactions cover only part of your enterprise resource planning (ERP) needs. Past a certain point, improving your own systems and records can only do so much when it comes to efficiency. If, for example, suppliers are not on the same page when it comes to purchasing and tracking, then it’s…

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Approval Routing

Imagine Replacing all Your Inefficient Approval Routing Processes with Something Better?

A Deeper Look at iApprove™ Capabilities – Approval Routing Processes with Something Better iApprove is one of the most powerful and comprehensive tools within the ISS Group’s Business Procurement Optimization software solution suite. A configurable rules-based Approval Routing and Buyer Alert solution, iApprove utilizes the ISS Group Advanced Approval Routing Technology (AART™) for routing of Approvals…

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Approval Control

Approval Routing: Hardwiring Approval Control into your Procure-to-Pay Workflow

Building the perfect procurement strategy takes careful consideration and planning. It’s a process that can take years of hard lessons learned and refining. Don’t overlook Approval Control into your Procure-to-Pay Workflow. Once you have everything tweaked to suit the needs of your operation, rolling out your approval process is the final piece that brings your…

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Core Steps of Procure-to-Pay

Presentation on Procure-to-Pay for QAD at Fall MWUG: How Somero Enterprises saved Thousands!

Digitize these 7 Key Process Activities   Download the presentation on the Procure-to-Pay (P2P) process for QAD EA, presented by Sean Brown, IT Manager at Somero Enterprises, at the MWUG Conference October 9th in Grand Rapids, MI. To a packed session, Sean discussed what P2P is and the benefits of ‘Simplifying’ the Procure-to-Pay Process, reviewing…

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