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Companies are continuously facing the growing challenge of effectively managing their sourcing cycle and thus obtaining sustainable cost reductions.
Value Republic e-solutions can support it’s customers in every step of the sourcing process, offering top-class technology, combined with an hands-on approach and sound industry experience.
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International and global purchasing organizations have a huge spend data challenge.
To make strategic decisions it is critical for an organization to understand:
- what they buy
- where they buy
- from whom they buy
Nevertheless this proves to be extremely difficult from a data management point of view.
Value Republic has partnered with DU 360 to offers it’s customers the Spend 360° module. This tool uses a powerful neutral network that has been perfected to quickly analyze all data from a variety of different sources (such as ERP systems) and provides the user with accurate matches and enrichment, categorization and qualification.
 
"Automated spend analysis software is an essential tool for chief purchasing officers (CPOs)
at large, global, diversified enterprises, and it’s a useful tool for many others.”
- Forrester Research-
Strategic e-Sourcing is the process of using web-based technologies to support the identification, evaluation and negotiation of the supply of goods and services.
Effective use of e-Sourcing allows companies and organisations to:
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Significantly reduce process costs for sourcing engagements
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Shorten sourcing cycles by 25% to 30%
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Negotiate significant price reductions
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Extend strategic sourcing to a wider range of products and services
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Enhance collaboration and knowledge sharing (corporate governance)
“Best-in-Class enterprises outshine the competitors in their usage of e-sourcing with a shockingly high 56%
of addressable spend sourced on an e-souring (or reverse auction) format”
- Aberdeen Group (2008) -
This e-solutions enables you to manage contracts with customers, suppliers, partners, or employees.
It includes negotiating the terms and conditions in contracts and ensures compliance. The tool also allows you to document and agree on any changes that may arise during the implementation or execution of a contract.
Scanmarket® Contract Management offers a powerful yet easy to implement and maintain solution that allows companies to store all contract information online and to optimize the overview and visibility from contract initiation to re-negotiation.
The Scanmarket® Contract Management enables companies to:
- Improve overview and control all company contracts
- Streamline internal business processes
- Strengthen relationships with customers, suppliers and partners
- Ensure relevant employees access to contract history
- Notify a contract owner of contracts that need attention or renewal
"Nearly 65% of enterprises report that contract lifecycle management (CLM)
has improved exposure to financial and legal risk."
- Aberdeen Group -
Value Republic's consultants are seasoned professionals with a proven track record in e-procurement and e-sourcing, who can assist your organization in choosing, implementing and deploying appropriate e-applications.
Current services include but are not limited to:
- E-Sourcing project- and Program Management
- E-Sourcing adoption services (Training, coaching, support)
- Spend analysis and data enrichment
- ...
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Tom Timmeman has been working on e-solutions for over 14 years, starting with the roll-out of the first e-rfx at Procter & Gamble, and exploring the use of a number of other technologies. Next he has implemented and rolled-out the entire e-sourcing approach at Inbev, taking the company from a non-user to a situation where e-sourcing has been fundamental within the company, and was even used structurally through a number of global spend categories. Tom views on e-sourcing is that the tool is an enabler of the buyer, and that the real power comes from smart strategies combined with superior functionality and user friendliness.
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Yves Bemelmans: has more than 10 years of e-sourcing experience with pioneering companies such as Goodex, Ariba.
More recent, he was a founding partner of Intersources (now Hubwoo) which was one of the most successful technology-independent consultancies in recent years.
He has conducted literally hundreds of e-sourcing events in both direct and indirect spend and has assisted numerous blue-chip companies in effectively implementing and deploying powerful e-solutions. |
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