Use case hero Securing supply chain

Securing supply chain independence with a Sourcing Platform

Supply chains currently face disruption for multiple reasons. Businesses need to stabilize their supplies and manage the cost of materials and components simultaneously.

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  • Overview
  • Challenges
  • Business Outcomes
  • Spryker Capabilities
  • Customers

OVERVIEW

The Age of E-Procurement

With technology and digitalization at the forefront, E-procurement has become a profitable reality. This advance has drastically reduced the cost of solutions used to digitize transactions. E-procurement portfolio solutions address the process complexity all along the procurement lifecycle by making your Purchasing, Finance, and Accounting Department’s life easier, but they do not address the actual supply challenge. A sourcing platform is just like a marketplace, except that it operates on a closed market : the access is limited to a group of users on one end, and to verified suppliers on the other. A Sourcing Platform allows organizations to make their sourcing flexible by enabling purchasing from multiple suppliers that can compete on price and delivery times.

Sourcing platform demo

Challenges in Crisis Addressed by Sourcing Platforms

Supply chains are especially challenged in periods of resource scarcity and crisis.

Sourcing

In times of crisis, the biggest challenge and pain point for Supply Chains is the actual sourcing of products and services.

Unpredictability

As a result of all the recent crises, many supply chains became unstable and generated new challenges for a great number of businesses.

Disruption & Shortages

The complexity of crisis and the rising risks of raw material shortage have greatly impacted the supply chain, generating price fluctuations and disruptions on every level.

The Business Outcome of a Securing Supply Chain Independence with a Sourcing Platform

A Sourcing Platform is essentially a closed marketplace, allowing access to a limited group of users and verified suppliers only. Even in periods of crisis, it increases efficiency and secures supply chains by enabling flexible and competitive sourcing. Find out about more benefits and business outcomes below.

  • Convenience

    Improved company-wide convenience through a seamless and simplified purchase process with modern commerce digital capabilities.

  • Unlimited Potential

    Uncover untapped potential by driving new revenue and reducing immobilization of capita: Unused stock from other subsidiaries can be made available for purchase. Costs can be saved by opening the sourcing platform to partners for larger volumes, which allow for greater discounts.

  • Control

    Stay in control of all workflows and process applications like ordering, validation workflow, threshold limits and automations.

  • Cost Reduction

    Costs can be reduced with improved negotiation power from a centralized volume purchases and better forecast data on actual needs. Competition between suppliers also leads to better purchasing conditions.

The Spryker Solution

LEARN HOW SPRYKER & OUR PARTNERS ENABLE THIS USE CASE AND YOUR SUCCESS

Spryker Capabilities

  • Quotation and Offer Management
  • Punchout Integration

Success Enabling

Calibration Session:

  • Purchase Journey Analysis
  • Process Digitization Mapping
  • Operating Model Sparring
  • Process Design Workshop

Customers with this Use Case

RESOURCES

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Securing supply chain independence and low prices with a Sourcing Platform

Supply chains currently face disruption for multiple reasons. Businesses need to stabilize their supplies and manage the cost of materials and components simultaneously.

Read More
Sourcing platform demo
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Gartner Critical Capabilities Report

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Fear and Failure: Digital Transformation in B2B Manufacturing
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