Digitalization
WHY DIGITALIZATION SHOULD MATTER TO YOU
Digitalization is the key to unlock the full potential in terms of increasing efficiency and speed of action to shape competitive advantage.
Whoever is still missing out on digitalization today, will have clear disadvantages tomorrow regarding process costs, speed,
and the human resources to manage strategically important activities.
Your contribution to your companies’ competitiveness
Digitalized procurement will have optimal master data for…
- the required materials and services
- the preferred and alternative suppliers and service providers
- inventory and dynamic data
- cost and price components as well as their development trends
- market and provision scenarios
- clusters required materials and services along material groups structured by supply markets
- maps these requirements to supply markets and ideal suppliers as well as services providers
- uses modern BI and AI technologies for strategic purchasing management
- gains transparency in subdomains of the supply chain such as order quantities, provision strategies, VMI, consignment stock, etc.
- can analyze economic, risk-management, environmental, and social aspects in a balanced and comprehensive way such that they are optimally used for purchasing and supplier development decisions
- automates the purchasing of recurring materials and services to free up capacity for strategic procurement, technology scouting, and value engineering
Actively manage
your challenges
The biggest challenge for an end-to-end digitalization is quality master data for materials, services, suppliers and service providers, inventory as well as dynamic data. Additionally, there is a lack of transparency regarding currently used IT systems. Many isolated applications result in inconsistent and varying data entries. Processes are often either not documented at all or not in line with the actual documented process.
To actively manage these challenges, procurement departments need to define their end-to-end processes and necessary digital intersections while digitalizing and optimizing their master data. This task often requires a kickstart, for example through temporary external support. Afterwards, essential IT systems and right partners need to be chosen and implementation as well as change management projects need to be defined.
Use GMVK to increase your procurement success
We support you effectively as part-time employees because we combine our procurement-know-how of GMVK Procurement Group with Business Intelligence solutions by our subsidiary 4EBIT Software & Services to maximize your benefit.
We deliver in joint projects with our customers:
- Development of master data und data governance strategies
- Development of a systemic approach to combine existing and still lacking software tools for the digitalization of the procurement department
- Building transparency across demand, purchasing power, markets, and potential suppliers and service providers to guarantee continuous tenderable digital master data
- Implementation of solutions for competitive bidding analysis and simulation of purchasing strategies
- Automatic purchasing of recurring materials and services through data optimization, catalogue management, and the use of innovative software tools
- Provision of BI systems for strategic procurement
- Integration of various data sources needed for strategic procurement
We digitalize your procurement efforts and create the necessary transparency for better decision-making using our analysis tool 4EBIT Suite. This SaaS tool delivers dashboards and profound analyses via drill-down functions at the touch of a button.
You receive material group potential, price comparisons and trends, cost analyses, time comparisons, details on item level, and concrete cost savings potential through benchmarking – clear and user-friendly.
Your contact persons at GMVK
