{"id":4814,"date":"2021-06-10T11:05:14","date_gmt":"2021-06-10T09:05:14","guid":{"rendered":"https:\/\/www.onlineprocurement.com\/source-to-pay\/strategic-purchasing\/"},"modified":"2025-04-03T09:38:53","modified_gmt":"2025-04-03T07:38:53","slug":"strategic-purchasing","status":"publish","type":"page","link":"https:\/\/www.onlineprocurement.com\/en\/procurement-software-source-to-pay\/strategic-purchasing\/","title":{"rendered":"Spend Management"},"content":{"rendered":"

spend management software<\/h2><\/div>

Increase your ROI with our expense planning solution<\/h1><\/div>

Plan your budget and expenses according to your corporate business needs, set saving objectives and initiate purchasing requests.<\/h2><\/div>

Identify business needs by location, department, and business unit. Use our smart platform to create a clear vision of spending objectives and the saving you want to reach. Maintain full control of the defined strategy throughout the entire procurement process and monitor results in a single interface.<\/p>\n<\/div>

Contact us<\/span><\/a><\/div><\/div><\/div>
\"strategic-purchasing-software\"<\/span><\/div><\/div><\/div><\/div><\/div>

THE PATH TOWARDS PURCHASES OPTIMIZATION<\/h3><\/div>

Develop measurable purchasing strategies and reduce overall management costs<\/h2><\/div><\/div><\/div>
<\/span><\/div><\/div><\/div>

<\/i><\/i><\/span>Collect business needs<\/span><\/a><\/h3><\/div>
\n
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Assess current spending and demand across the enterprise<\/strong> \u2013 Identify the detailed breakdown of spend by location, business unit, and department, and prioritize your procurement strategy across business functions and specific objectives.<\/div>\n<\/div>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Define categories and expenses plan<\/span><\/a><\/h3><\/div>
\n

Classification of purchases into product categories<\/strong>\u00a0\u2013 take advantage of the processing system to rationalize spending while identifying management and purchasing synergies.<\/p>\n

Spend Management<\/strong>\u00a0\u2013 generate yearly planning with budget readjusted among different departments and achieve savings goals.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Initiate purchasing requests<\/span><\/a><\/h3><\/div>
\n

Smart setup of RFP<\/strong>\u00a0\u2013 generate sourcing events in a simplified way starting from predefined templates, data collected in the planning phases, exploiting the full interoperability and connection with the e-Sourcing module.<\/p>\n

Approval systems<\/strong>\u00a0\u2013 role-based access ensures that purchasing procedures are first refined by the managers of each event, for optimal control over the S2P process.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Analyze results<\/span><\/a><\/h3><\/div>
\n

Always up-to-date dashboards<\/strong>\u00a0\u2013 monitor the progress of your purchasing strategy at any time, identify improvement trends and promptly adjust spending plans and budgets thanks to reports and statistics updated in real-time.<\/p>\n

Comprehensive data<\/strong>\u00a0\u2013 view your purchases by cost breakdown, status, cost analysis by department, business unit, and more.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Optimize your Source-to-Pay process<\/span><\/a><\/h3><\/div>
\n

All the information to start new strategies<\/strong>\u00a0\u2013 access to dynamic and customizable dashboards to gain full visibility on real expenses realized according to planned goals and also no standard events.<\/p>\n

Start planning again<\/strong>\u00a0\u2013 Process data of your entire Procure-to-Pay cycle, define new saving objectives, and increase consistently the return on investment of your company.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>

Get greater savings on purchases thanks to the software module for Spending Management<\/h2><\/div>

Develop, monitor, and manage your purchasing strategy in one solution<\/h2><\/div><\/div><\/div>
<\/i>

Reduction of overall management costs<\/h3><\/div>

Manage activities of strategic planning by exploiting the complete data circularity among all the Online Procurement modules<\/p>\n<\/div><\/div><\/div>

<\/i>

Minimize risk error<\/h3><\/div>

Request proposals presentation just to suppliers more aligned with your purchasing objectives<\/p>\n<\/div><\/div><\/div>

<\/i>

Alignment with business goals<\/h3><\/div>

Gain maximum value from your procurement thanks to the development and management of a strategy aligned with corporate value<\/p>\n<\/div><\/div><\/div>

<\/i>

A flexible solution<\/h3><\/div>

Take advantage of parameters fully adaptable to the dynamics of your organization, starting from category management and approval systems based on internal roles (for example, CPO and Procurement executive)<\/p>\n<\/div><\/div><\/div>

<\/i>

A single interface<\/h3><\/div>

Customizable dashboards allow monitoring deadline, RFQs, budget, and expenses planning based on procurement priorities<\/p>\n<\/div><\/div><\/div>

<\/i>

More efficient organizational systems<\/h3><\/div>

Gain full control on purchasing from event creation to approval, up to continuous development and planning<\/p>\n<\/div><\/div><\/div><\/div><\/div>

Processes efficiency starts from an excellent expenses planning<\/h2><\/div>

The Strategic Purchasing module within the Online Procurement <\/b>solution makes it possible to transform the mission, vision, and objectives of your company into measurable activities useful to plan, budget and manage purchasing function all-around.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

\"online-procurement-logo\"<\/span><\/div>

The e-Procurement suite developed for the most demanding customers<\/h2><\/div>
Book a DEMO<\/span><\/a><\/div><\/div><\/div><\/div><\/div>

Explore Online Procurement modules<\/h3><\/div><\/div><\/div>
<\/span><\/a><\/span>
\"icona-supplier-management\"<\/span><\/div>

Supplier Management<\/p>\n<\/div><\/i><\/div><\/div>

<\/span><\/a><\/span>
\"icona-esourcing\"<\/span><\/div>

e-Sourcing<\/p>\n<\/div><\/i><\/div><\/div>

<\/span><\/a><\/span>
\"icona-ecatalog\"<\/span><\/div>

e-Catalog<\/p>\n<\/div><\/i><\/div><\/div>

<\/span><\/a><\/span>
\"icona-contract-management\"<\/span><\/div>

Contract Management<\/p>\n<\/div><\/i><\/div><\/div>

<\/span><\/a><\/span>
\"icona-invoice-management\"<\/span><\/div>

Invoice Management<\/p>\n<\/div><\/i><\/div><\/div>

<\/span><\/a><\/span>
\"icona-procurement-intelligence\"<\/span><\/div>

Procurement Intelligence<\/p>\n<\/div><\/i><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":15921,"parent":344,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"class_list":["post-4814","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\nStrategic Spend Management Solution | e-Procurement Software Solution<\/title>\n<meta name=\"description\" content=\"Improve the Supply Management Practices and Business Performances tailoring sourcing events to your strategic goals. Spend Analysis\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.onlineprocurement.com\/en\/procurement-software-source-to-pay\/strategic-purchasing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spend Management\" \/>\n<meta property=\"og:description\" content=\"Improve the Supply Management Practices and Business Performances tailoring sourcing events to your strategic goals. 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