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Geopolitical challenges and volatile markets make transparent cooperation with qualified and sustainable business partners within the supply chain indispensable. Suppliers are assuming an increasingly important position within the value chain of companies. As a result, supplier management is becoming a decisive factor for operational resilience and economic success.
Supplier management represents the systematic control of supplier relationships. This involves intensifying and promoting cooperation with suitable partners in order to make it transparent and sustainable. The most important components of supplier management include the selection, qualification, classification, evaluation and development of suppliers.
Purchasing is an integral part of every company. Here, the focus is not only on the procurement of goods and services, but also on ensuring quality and economic efficiency. If companies do not use e-procurement systems in their procurement process, they expose themselves to considerable risks and dangers.
The main task of procurement management is to ensure that the right products or services are procured at the right time and on the best possible terms. The use of e-procurement systems reveals opportunities for procurement optimisation at every step. In this context, the introduction of these systems is becoming increasingly important and highlights the benefits of e-procurement.
Due to the advancing globalisation of a cross-company distributed and integrated value creation, supported by the digitalisation of business processes and the constantly decreasing depth of value creation within a company, systematic supplier management is becoming increasingly important, even for medium-sized companies.
Due to globalization and mergers, companies often operate in historically grown, heterogeneous system landscapes. Decentralized processes impair the cooperation of corporate purchasing with its locations, business areas and suppliers: starting with various databases and the resulting high costs, such as multiple entries, to missing standards and a general lack of transparency in company processes.
Automation changes the world. Whereas bookkeepers used to check boxes full of receipts and expense claims. Nowadays, this work is fully digital. Even accountancy, also subject to automation, is a changing profession. In this blog, we will look specifically at the accountant’s position in SMEs in 2017.
Robotic Accounting promises a future in which humans can engage in useful things, while the robot takes over all the repetitive things. (Here’s how the robot does that) In this blog we are going to discuss where Robotic Accounting can be used and how we are able to do invoice automation using robotics.
The familiar road is often the easiest. Workflows that function well in their current form do not immediately ask for a review. It works, right? Why tinker when everyone is satisfied? Yet routine and familiarity can be your pitfall. There is a considerable difference between effective and efficient.
Cloud computing is a combination of technologies that make up a network for the delivery of computing services. It requires hardware for infrastructural purposes and software to deliver the on-demand services over the internet. Users of cloud services are not actively involved in the management of the network.
Excel can do a lot, low-code platforms can do more. Even though spreadsheets seem to be easy to use and function undoubtedly in the way it is intended, security risks are an inherent part of this way of work. And does Excel really work as efficiently as you think? In this blog: Excel vs low-code platforms.