Adopting a Holistic View in Procurement

It’s common practice for organizations to try and patch up challenge points or to implement partial solutions, whether it is due to cost and implementation speed considerations, bureaucratic or legal factors, or the avoidance of making risky decisions – either way, neither approach is optimal.

The situation is no different when looking at cost and efficiency factors associated with procurement processes and supplier management. Companies often deploy exorbitantly expensive and slow-to-implement solutions as a form of “follow the crowd” mentality or acquire apps that do not really work together and therefore only minimally optimize processes.

What typically works best, in just about every sphere, is adopting a holistic approach – looking at all impacting factors together to reach an optimal solution.

If you maintain significant staff to oversee, confirm the accuracy of, and process procurement interactions with suppliers – you’re likely faced with a slower-than-desired supply chain that’s rich with processing errors and inaccuracies.

A holistic view of the problem would address such factors as cost and speed of implementation, end-to-end resolution of the associated challenges, limited modification of existing systems and workflows, and the like.

Nipendo’s end-to-end intelligent automation platform was designed for rapid and cost-effective implementation above existing ERP systems and procure-to-pay processes – of both buyers and suppliers. Its automation capabilities not only cover the back-and-forth transmission of documents but also provide process governance that matches existing business policies as well as the flexibility to absorb changes in both systems and processes.

The end result of implementing nipendo’s holistic platform is the entry of accurate data into ERP systems and the efficient supply of goods and services.