Actualog for cost saving procurement initiatives

Post on 08-May-2015

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Today many businesses are launching cost reduction initiatives. Procurement optimizations has a significant cost-saving potential. Procurement consolidation, contract management, category management and other initiatives need special tools. It is required to ensure purchased products data quality too conduct spend analysts and support the consolidation. Actualog is a cloud-based Product Information Management solution that supports cost-saving initiatives in global companies. Learn more from our presentation.

Transcript of Actualog for cost saving procurement initiatives

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Social Product Information

Management Platform

COST SAVING

PROCUREMENT INITIATIVE

ACTUALOG PRODUCT INFORMATION MANAGEMENT PLATFORM SUPPORTS COST SAVINGS CHALLENGES

Purchasing Harmonization

Sustainable Costs

Savings

Global Sourcing

Using Product Information Management (PIM) companies achieve

the following results in average*:

Cutting costs in the logistics system: 15%

Reducing the cost of purchased items: 5-20%

Decrease in stocks and illiquid: 20-40%

Service improvement (increase in the proportion of

timely deliveries): 20%

* according Gartner research

Category

Sourcing

Strategy

Supplier Relationship Management

Purchasing

Optimization

Challenges

PRODUCT INFORMATION MANAGEMENT INITIATIVE DRIVES PROCUREMENT SAVINGS1. Product information without duplicates allows consolidating spend and reduce

working capital.

2. Use advantages of procurement centralization. Search for products offered by various suppliers, compare and find the best products.

3. Use product information created by suppliers, prepare tender documentation with predefined product specifications and characteristics, and save operation costs.

4. Create and share procurement program with potential suppliers.

5. Standardize communications with your suppliers, reduce errors, improve communication time and streamline processes.

SOCIAL PRODUCT INFORMATION MANAGEMENT PLATFORM

Actualog is an innovative cloud-based social Product Information Management platform that brings together the expertise and knowledge of the manufacturers and most competent customers around the world.

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Legal Entities

Companies’ Procurement Catalogues

Business, Regional or

Product Purchasing Groups

Global Procurement Catalogues

Procurement centralization

Product comparison

Global Product Information

Management

Data quality improvement

Master Data Management

Integration to company

infrastructure

Procurement program for

Suppliers

Qualified basis for purchasing

decisions

Cloud / Web / Crowdsourcing

WELL-DESIGNED SOURCING INITIATIVES CAN GENERATE SUBSTANTIAL

SAVINGS — UP TO 15 TO 20 % OF A COMPANY’S PURCHASING COSTS*

Suppliers(Producers, Distributors,

Service Providers)

Product catalogues and product

information from suppliers

* Source: The Boston Consulting Group

ACTUALOG provides complete, accurate, and relevant information about

products, materials, and technologies by using knowledge and expertise of

producers.

Only producers know everything about their products.

The Expert Community creates

the Classifier which contains a

complete set of attributes for each

product category.

Your Suppliers provide complete

and unified information about

their products, describe product

characteristics using category

attributes.

Standardize communications with

your Suppliers, reduce errors,

improve communication time and

streamline processes.

Actualog is designed

for organizations

working on the

global market.

It supports 35

languages to create

the content.

Communities in

Actualog allow

professional to work in

the environment

designed for particular

industry.

Create and share your

procurement program

with potential suppliers.

Create Procurement

Catalogs and embed

into your website.

Reduce Product

Information

Management costs

using product

information created by

Experts.

Invite your Suppliers

to pace information

about their products in

Actualog, and get the

complete,

multilanguage and

unified product

description.

Use advantages of procurement centralization. Search for products,

compare and find the best products using characteristics and parameters.

CONTACT ACTUALOG

Kate Koltunova

CEO Actualogkate@actualog.com

+7 911 250 22 47

Elena Prikhodko

Sales and Marketing directorelena.prikhodko@actualog.com

+7 911 711 19 19

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