At the heart of every procurement system is a catalog. Even in an environment lacking automation, requisitioners consult a hard copy or customer service reps use a catalog at the other end of a phone line. So it stands to reason that getting everyone to use the correct catalog from a preferred vendor at the contracted price will ensure that negotiated savings from sourcing and contracting activities are actually realized. This AKN will explore benefits and best practices around these core elements:
• Process Compliance (Adoption of the catalog and procurement system)
• Price Compliance
• Supplier Compliance
This includes specifics around unlocking the value of existing eProcurement systems through improved catalog management. At the conclusion, there is a buyer’s checklist to aid you in selecting an catalog vendor should you choose to take this path.