SDG & Board Present: Purchase & Procurement Planning. How to Improve Efficiency, Preserve Cash and Build Business Resilience

The Data Analytics revolution is re-shaping corporate priorities and many companies are waking up to the competitive advantage of data-driven purchase planning.

From our research, we discovered that over the 65% of the company’s products and services derive from “JIT” supply chains (Just-In-Time) and that supplier expenditure can account for as much as 80% of the revenues.

We recognise the importance of supporting companies in this crucial phase and we have created a planning solution able to ensure improvements in terms of requirements collection management, scale economies creation, better cash flow, activities scheduling and purchase documents monitoring.

We have found 5 success factors that optimise the purchase forecasting process:

1. The structured collection process for the purchase department needs. Graphic workflows that allow the creation and submission of requests from the Business Units to the Purchase Office.
2. Intelligent support in the prediction of future needs. Alerts the expiring and low purchase documents and greatly reduces the manual data entry thanks to the prediction of future needs with customisable predictive models mitigating demand and supply risks.
3. Elimination of workload spikes. The planning process is controlled by the Purchase Office in the timings and procedures.
4. Creation of scale economies. Enables company savings by consolidating similar requirements and by defining needs in advance.
5. Integration with FP&A. Direct connection to income statement and budget. Improve cash flow and increase profitability.

Our customer ACEA S.p.A. joined the webinar to share their experience with the SDG Group Purchase & Procurement Planning solution.