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http://www.opuscapita.com/reports/indirect-procurement-report-2017
and how to overcome them
5 PROCUREMENT
PITFALLS
receive electronic catalogs
from fewer than 10 %of their suppliers.
50%
don’t currently enrich
supplier catalogswith additional information.
78%
39%Poor
26%Adequate
26%Good
9%Excellent
#1 POOR QUALITYOF CATALOG
Enable supplier self-service
with easy, guided solutions forcatalog uploading.
Enrich catalog content
to improve procurement andfinancial processes, and monitordata quality automatically.
Current process for managingSUPPLIER CATALOGS *
Manually and it is typically
up to date
54%
Suppliers haveself-service options to maintain their data
and it is typicallyup to date
6%
Manually and it is often
out of date
23%
Suppliers haveself-service options to maintain their data
but it is oftenout of date
17%
feel their supplier onboarding process
is poor or merely adequate.
58%
31%Poor
36Adequate
%
29%Good
4Excellent
%
Solution
causes maverick buying
leads to excessive free text ordering
results in unnecessary returns
#2 MANUAL SUPPLIERINFORMATION MANAGEMENT
consumes time
impacts all the KPIs related to Source-to-Pay
lowers automation level
Current process to keep supplierINFORMATION UP TO DATE *
#3 LACK OF VISIBILITY TOSUPPLIER PERFORMANCE
adds costs and risks whencontinuing contracts withpoorly performing suppliers
hides supply chain bottlenecks
Current process to rateSUPPLIER PERFORMANCE *
#4 INABILITY TO GUIDEBUYING BEHAVIOUR
causes gaps inprocurement efficiency
damages compliance
leaves end users witha complicated andunsupportive solution
19%Poor
44Adequate
%
30%Good
7Excellent
%
Current process to guideBUYING BEHAVIOUR *
Solution
Make it easy. Nudge end usersto preferred suppliers
and through pre-approved workflowswith intuitive eProcurement solutions.
Bring all contract suppliers
and categories available in one solution.
Implement strict policy
to have purchase order before payment.
Apply modern analyticsand reporting to an alignedSource-to-Pay process
to provide comprehensive evaluationof the key aspects of supplier performance.
Solution
#5 INEFFICIENT SERVICEPROCUREMENT
allows no automation inprocurement or AP process
causes manual work
predefined forms
built bysuppliers
1%
It is di�cultand often result in
maverick buying
14%predefined formsprovided by procurement
department
37%
Current process to make requisitions for
COMPLEX, NON-STANDARDPRODUCTS OR SERVICES *
Solution
Enable supplier collaborationduring purchase requisition process
with easy checks for price and availabilityand estimates on time and material needed.
Turn the RFQ process
into a purchase order that will matchwith the services and, later, the invoice.
OpusCapita enables organizations to sell, buy and pay quickly and securely,with a real-time view of their business.
www.opuscapita.com
* We asked procurement professionals about their current procurement processes.Find out more – download
Indirect Procurement: 2017 Market Report by OpusCapita and SSON.
leads to additional costs and overspend
Use smart forms togetherwith your suppliers
to support bundling of complexproducts and services.
We use
free textordering
45%
Enable suppliers toproactively maintaintheir data
by o�ering an easy-to-use portal, and reduce the burdenof onboarding, sourcing and handling supplier inquiriesat your end.
Solution