{"id":12322,"date":"2020-02-12T03:05:18","date_gmt":"2020-02-12T02:05:18","guid":{"rendered":"https:\/\/sourcing-force.com\/?p=12322"},"modified":"2022-11-17T11:49:05","modified_gmt":"2022-11-17T10:49:05","slug":"procurement-management","status":"publish","type":"post","link":"https:\/\/sourcing-force.com\/en\/procurement-management\/","title":{"rendered":"The Ultimate Guide To Procurement Management"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; fullwidth=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_stops=&#8221;rgba(0,0,0,0.5) 0%|rgba(0,0,0,0.5) 100%&#8221; background_color_gradient_overlays_image=&#8221;on&#8221; background_color_gradient_start=&#8221;rgba(0,0,0,0.5)&#8221; background_color_gradient_end=&#8221;rgba(0,0,0,0.5)&#8221; background_image=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management.png&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_fullwidth_post_title date=&#8221;off&#8221; comments=&#8221;off&#8221; featured_image=&#8221;off&#8221; text_color=&#8221;light&#8221; _builder_version=&#8221;4.16&#8243; text_orientation=&#8221;center&#8221; custom_padding=&#8221;100px||100px|&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_fullwidth_post_title][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; fullwidth=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;f2f2f2&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_fullwidth_menu menu_id=&#8221;16&#8243; menu_style=&#8221;centered&#8221; submenu_direction=&#8221;downwards&#8221; fullwidth_menu=&#8221;off&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_fullwidth_menu][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.17.3&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; width_tablet=&#8221;&#8221; width_phone=&#8221;100%&#8221; width_last_edited=&#8221;on|phone&#8221; max_width=&#8221;1032px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3 style=\"text-align: center;\"><strong>Future of Procurement &#8211; Vid\u00e9o explanation<\/strong><\/h3>\n<p>[\/et_pb_text][et_pb_video src=&#8221;https:\/\/www.youtube.com\/watch?v=tNjXgjEt42o&#038;t=13s&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;|88px||88px||true&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_video][et_pb_text _builder_version=&#8221;4.17.6&#8243; custom_margin=&#8221;|-3px||2px||&#8221; custom_padding=&#8221;|59px||59px||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-size: 16px;\">What complexifies your procedures, slows the efficiency of your employees and hinders your growth?<\/span><\/p>\n<p>Obsolete and unsuitable <strong>procurement management policies and processes<\/strong>, of course!<\/p>\n<p>And yet, few entrepreneurs spontaneously think about it, as the procurement function is considered as a simple support function.<\/p>\n<p>However, for several years, the procurement profession and therefore procurement management have acquired their letters of nobility and today take on a real strategic dimension.<\/p>\n<p>The growth of a company goes hand in hand with a more complex <a href=\"https:\/\/sourcing-force.com\/en\/e-procurement-to-facilitate-procurement-management\/\">procurement management<\/a>, inevitably leading it to disrupt its functioning.<\/p>\n<p><strong>Improving the performance of the procurement management process<\/strong> is one of the top priorities for CEOs and CFOs.<span style=\"font-size: 16px;\">\u00a0<\/span><\/p>\n<p>Strategic procurement management policies, definition of processes, steps and implementation tools are all key issues to encourage the growth of your business.<span style=\"font-size: 16px;\">\u00a0<\/span><\/p>\n<p>Follow the guide, step by step, and get your business off the ground with <strong>optimal procurement management<\/strong>.<\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><strong>What is Procurement Management?<\/strong><\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-size: 16px;\">In a nutshell, Procurement Management is based on how a procurement department organizes Spend all the way from choosing the right vendors to invoice matching, in order to improve Compliance, Reduce Costs and get a better visibility on Spend.<\/span><span style=\"font-size: 16px;\"><\/span><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><img decoding=\"async\" class=\"wp-image-12342 aligncenter size-full\" src=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1.png\" alt=\"Sourcing Force procurement management\" width=\"1588\" height=\"892\" style=\"display: block; margin-left: auto; margin-right: auto;\" srcset=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1.png 1588w, https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1-1280x719.png 1280w, https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1-980x550.png 980w, https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1-480x270.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1588px, 100vw\" \/><span style=\"font-size: 16px;\"><\/span><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><strong>1- The importance of the procurement department<\/strong><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>What is the procurement function of a company for?<\/p>\n<p>Concretely, it allows the company to obtain all the goods or services necessary for the smooth running of its activity.<\/p>\n<p>From raw materials to small office supplies, the procurement function covers a wide range of missions.<span style=\"font-size: 16px;\">\u00a0<\/span><\/p>\n<p>The opening of markets, increased competition and the financial crisis have all led managers to reconsider the place of the procurement function in improving business performance.<\/p>\n<p>Its effectiveness is based on an efficient procurement management policy and processes.<\/p>\n<p>This allows employees to limit the time allocated to this task to focus on missions with higher added value.<\/p>\n<p>To know and understand <a href=\"https:\/\/sourcing-force.com\/en\/5-keys-to-intelligent-procurement\/\">the role of procurement teams<\/a> is a real asset for the company.<\/p>\n<p>On the one hand, the procurement department will directly target the products most useful for the production of goods or services.<\/p>\n<p>On the other hand, it centralizes the purchase of operational supplies, necessary for the proper functioning of the business.<\/p>\n<p>You will be much more efficient and save more money by establishing a decentralized procurement management policy, that is to say managed independently by each team.<\/p>\n<p>However, purchases of small administrative supplies common to all departments of the company can be centralized.<\/p>\n<p>By pooling costs, you will achieve economies of scale for the entire company.<\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><strong>2- What is a procurement process?<\/strong><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Setting up efficient <a href=\"https:\/\/sourcing-force.com\/en\/how-to-drive-procurement-benefits-from-spend-analysis\/\">procurement processes<\/a> requires that they be defined, tested and simplified as much as possible beforehand, so that they do not become time-consuming for employees.<\/p>\n<p>In order to facilitate procurement and clearly identify internal needs through procurement management, it is important that the procurement policy is known to all.<\/p>\n<p>Using specification documents can also greatly facilitate the task.<\/p>\n<p>Before starting from scratch in the creation of your procurement process, do not hesitate to start from what has already been put in place, from the various data available.<\/p>\n<p>This will allow you to establish a complete comparison of all the solutions available at your disposal.<span style=\"font-size: 16px;\">\u00a0<\/span><\/p>\n<p>Once these different solutions have been identified, get in touch with them by launching a call for tenders. The latter must contain:<span style=\"font-size: 16px;\">\u00a0<\/span><\/p>\n<ul>\n<li>Specification documents to be completed<\/li>\n<li>The terms and conditions of your procurement client<\/li>\n<li>The conditions governing the organization of the invitation to tender<\/li>\n<li>A questionnaire to learn more about the company<\/li>\n<\/ul>\n<p>Once the providers have responded to the invitation to tender, you will be able to choose the one or ones that bring you:<\/p>\n<ul>\n<li>A quality product<\/li>\n<li>The best total cost<\/li>\n<li>Compliant manufacturing and delivery times according to the needs of your customers<\/li>\n<li>The sustainability and financial security of your business<\/li>\n<\/ul>\n<p>Once you have made your choice, you will enter into direct negotiation on all of the administrative and technical clauses which will govern the case.<\/p>\n<p>Once the contract is signed, the commercial relationship is sealed until it is broken.<\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-size: 16px;\"><strong><img decoding=\"async\" class=\"wp-image-12345 aligncenter size-full\" src=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/eTendering-process.png\" alt=\"eTendering process\" width=\"1554\" height=\"874\" style=\"display: block; margin-left: auto; margin-right: auto;\" srcset=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/eTendering-process.png 1554w, https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/eTendering-process-1280x720.png 1280w, https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/eTendering-process-980x551.png 980w, https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/eTendering-process-480x270.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1554px, 100vw\" \/><\/strong><\/span><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><strong>3- Create a procurement policy<\/strong><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Adopting a global procurement policy generally occurs when the company&#8217;s activities develop, and when purchases become more complex.<\/p>\n<p>To prepare:<\/p>\n<ul>\n<li>Be as informed as possible about the realities of the market and its changes<\/li>\n<li>Make sure of the legal framework framing the exchanges and its development prospects<\/li>\n<li>Clearly identify the procurement processes at your disposal<\/li>\n<\/ul>\n<p>You will then be in full possession of all the information necessary to establish a global, concrete and operational action plan. For this it will be necessary to:<\/p>\n<ul>\n<li>Define a schedule of actions to be carried out with objectives over time<\/li>\n<li>Distribute responsibilities within the hierarchy for optimal implementation<\/li>\n<li>Inform your suppliers of your new procurement management policy in order to convey a dynamic and responsible image of your business<\/li>\n<li>Regularly evaluate your plan in order to always improve it<\/li>\n<\/ul>\n<p>The last step is to put your action plan into practice.<\/p>\n<p>All that is left is to:<\/p>\n<ul>\n<li>Integrate your new procurement policy into the general conditions of your contracts<\/li>\n<li>Explain your approach to your suppliers<\/li>\n<li>Concretely deploy your new provisions in your company&#8217;s dashboard<\/li>\n<\/ul>\n<p>Many companies take the opportunity to add a <a href=\"https:\/\/en.wikipedia.org\/wiki\/Corporate_social_responsibility\">CSR approach<\/a>, integrating ethical issues in relation to their employees and sustainable development.<\/p>\n<p>It consists of making responsible purchases that meet several social standards, in accordance with values and an ethical code.<\/p>\n<p><span style=\"font-size: 16px;\">The manufacturing process, the materials used, the energy consumed during use or the recycling conditions, must be as favorable as possible for the preservation of the planet.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Indeed, a responsible procurement policy must take into account the entire life cycle of the product.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Standards also help guide businesses in defining and implementing their policies.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><strong style=\"font-size: 16px;\">4- Set up procurement strategies<\/strong><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Different procurement strategies can be applied depending on the procurement categories and the maturity of your business. To find the one that best suits you, you can follow the following method:<\/p>\n<ul>\n<li>Collect raw market data<\/li>\n<li>Target the best contacts and select the best suppliers<\/li>\n<li>Map out and compare the selected options<\/li>\n<li>Segment the payable accounts for clear and transparent information<\/li>\n<\/ul>\n<p>You will be able to analyze each of the expenses and classify them according to the family of purchases in order to estimate the distribution of your budget.<\/p>\n<p>The proper management of your strategies requires relying on appropriate scientific analysis tools. Experts generally remember:<\/p>\n<ul>\n<li>The Pareto chart, which considers that 20% of the causes are responsible for 80% of the occurrences in a company. Concretely, this translates by the organization of priorities in your purchases by distinguishing several categories, listing them according to the savings that their optimization can bring.<\/li>\n<\/ul>\n<ul>\n<li>Kraljic\u2019s strategic matrix is used to map the company&#8217;s procurement portfolio. It parallels the importance of each procurement family and the complexity of the supplier market. A distinction is made between simple purchases such as office supplies, heavy purchases, critical purchases and strategic purchases. Good procurement processes allow the company to differentiate itself from its competitors.<\/li>\n<\/ul>\n<p>Heavy, critical and strategic purchases require special attention. It is essential to secure their supply, to ensure the good flow of information, to constantly seek to improve the processes governing them, and to be informed of developments in competing offers on the market.<\/p>\n<p><span style=\"font-size: 16px;\">As you can see, there is no single strategy applicable to all purchases. But there are several methods and strategies to use depending on the categories of purchases.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">The Krajlik matrix makes it possible to deduce the appropriate strategy from three possibilities: aggressive, balanced or defensive. You may therefore prefer either a centralized or decentralized strategy, or on a case-by-case basis.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-size: 16px;\"><img decoding=\"async\" class=\"wp-image-12350 aligncenter size-full\" src=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/Kraljic-Matrix-1.png\" alt=\"Kraljic Matrix\" width=\"1660\" height=\"936\" style=\"display: block; margin-left: auto; margin-right: auto;\" srcset=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/Kraljic-Matrix-1.png 1660w, https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/Kraljic-Matrix-1-1280x722.png 1280w, https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/Kraljic-Matrix-1-980x553.png 980w, https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/Kraljic-Matrix-1-480x271.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1660px, 100vw\" \/><\/span><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><strong style=\"font-size: 16px;\">5- Use a procurement management software<\/strong><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-size: 16px;\">Today there are many SaaS and IT solutions that automate low value-added tasks. The gain in productivity is immense!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Over 82% of buyers use Excel to design their order tracking tables and plan their needs.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">This format is suitable for very small businesses whose purchases are simple to manage. Unfortunately this becomes a real handicap when your activities develop.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Procurement management software provides many advantages:<\/span><\/p>\n<ul>\n<li>Reduced time spent identifying the right suppliers<\/li>\n<li>Reduced time spent creating tenders<\/li>\n<li>Reduction of the time of administrative and commercial procedures<\/li>\n<li>Reduced time spent tracking orders<\/li>\n<\/ul>\n<p><span style=\"font-size: 16px;\">Today, 32% of companies say they use procurement management software according to our internal data.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">A figure that has risen sharply for several years.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">All companies that have opted for these procurement management solutions see many advantages:<\/span><\/p>\n<ul>\n<li>Employees can focus on other things (missions, advice or even improving procurement policies)<\/li>\n<li>There is an increase in margins, without an increase in prices<\/li>\n<li>And therefore a direct increase in profits<\/li>\n<\/ul>\n<p><span style=\"font-size: 16px;\">Procurement management softwares allow you to follow: the list of all your products, their recipients, the current stock, the supply status, the performance of buyers, etc. It will also allow you to locate items that can be improved in your procurement management process.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Some procurement management solutions even offer to automatically collect information about your supplier, or to launch online tenders.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">In addition, procurement management tools now allow your customers to order the products they want directly online.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Choosing your procurement management software is no simple task, and several parameters must be taken into account:<\/span><\/p>\n<ul>\n<li>The ease of transition with your old management tools, and the coexistence of your new software with your other working tools<\/li>\n<li>Alignment with your business features and needs<\/li>\n<li>The quality of the information transmitted by the software to facilitate the evaluation of your procurement policies<\/li>\n<\/ul>\n<p><span style=\"font-size: 16px;\">Many SaaS solutions, such as <a href=\"https:\/\/sourcing-force.com\/en\/procure-to-pay-suite\/\">Sourcing Force<\/a>, offer a simple enterprise procurement management tool.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Take advantage of real-time monitoring, automatic reconciliation and categorization of expenses by client, by project or according to their nature, as well as an accounting integration of all orders placed.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/sourcing-force.com\/en\/procure-to-pay-suite\/&#8221; button_text=&#8221;Check out Sourcing Force Procure-To-Pay solution page&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;2px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procure-to-pay-webinar-min.png&#8221; alt=&#8221;Procure-to-Pay&#8221; title_text=&#8221;procure-to-pay_webinar-min&#8221; url=&#8221;https:\/\/sourcing-force.com\/en\/p2p-implementation-webinar\/&#8221; url_new_window=&#8221;on&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; width=&#8221;90%&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;gocta&#8221; module_class=&#8221;bandeau&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_enable_color=&#8221;off&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_direction=&#8221;90deg&#8221; background_color_gradient_stops=&#8221;#363d54 50%|#ffb71e 50%&#8221; background_color_gradient_start=&#8221;#363d54&#8243; background_color_gradient_start_position=&#8221;50%&#8221; background_color_gradient_end=&#8221;#ffb71e&#8221; background_color_gradient_end_position=&#8221;50%&#8221; background_enable_image=&#8221;off&#8221; background_blend=&#8221;overlay&#8221; custom_padding=&#8221;51px|0px|51px|0px|true|false&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;top&#8221; animation_intensity_slide=&#8221;2%&#8221; global_module=&#8221;19471&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-9px|auto||auto||&#8221; custom_padding=&#8221;2px||4px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||-2px|||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"color: #ffffff;\"><strong>Online tool<\/strong><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||14px|||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"color: #ffffff;\"><strong>Return on Investment of a Source-to-Pay solution Calculator<\/strong><\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p  style=\"color:#ffffff\">ROI calculator determines a Source-to-Pay (S2P) profitability for your purchasing department.<\/p>\n<p  style=\"color:#ffffff\">In 10 minutes, you can generate a customized report on the ROI of a source-to-pay solution for your organization.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/sourcing-force.com\/en\/return-on-investment-of-a-source-to-pay-solution-calculator\/&#8221; button_text=&#8221;Get your ROI&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||2px|||&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/roi-caluclator-min.png&#8221; alt=&#8221;ROI calculator&#8221; title_text=&#8221;roi-caluclator&#8221; url=&#8221;https:\/\/sourcing-force.com\/en\/return-on-investment-of-a-source-to-pay-solution-calculator\/&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;49px|||||&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Blog&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f7f7f7&#8243; custom_padding=&#8221;5px|||||&#8221; global_module=&#8221;21831&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3 style=\"text-align: center;\">Our latest articles<\/h3>\n<p style=\"text-align: center;\">\n<h3 style=\"text-align: center;\"><\/h3>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_blog fullwidth=&#8221;off&#8221; posts_number=&#8221;3&#8243; include_categories=&#8221;all&#8221; show_author=&#8221;off&#8221; show_date=&#8221;off&#8221; show_categories=&#8221;off&#8221; show_pagination=&#8221;off&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; box_shadow_style=&#8221;preset1&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_blog][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Future of Procurement &#8211; Vid\u00e9o explanationWhat complexifies your procedures, slows the efficiency of your employees and hinders your growth? Obsolete and unsuitable procurement management policies and processes, of course! And yet, few entrepreneurs spontaneously think about it, as the procurement function is considered as a simple support function. However, for several years, the procurement profession [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[45],"tags":[],"class_list":["post-12322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procure-to-pay-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Ultimate Guide To Procurement Management - Sourcing Force<\/title>\n<meta name=\"description\" content=\"Procurement Management is based on how a procurement department organizes Spend all the way from choosing the right vendors to invoice matching.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sourcing-force.com\/en\/procurement-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ultimate Guide To Procurement Management - Sourcing Force\" \/>\n<meta property=\"og:description\" content=\"Procurement Management is based on how a procurement department organizes Spend all the way from choosing the right vendors to invoice matching.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sourcing-force.com\/en\/procurement-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Sourcing Force\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-12T02:05:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-17T10:49:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1588\" \/>\n\t<meta property=\"og:image:height\" content=\"892\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Olivier Audino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@SourcingForce\" \/>\n<meta name=\"twitter:site\" content=\"@SourcingForce\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Olivier Audino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/\"},\"author\":{\"name\":\"Olivier Audino\",\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/#\\\/schema\\\/person\\\/481e000db1e02e01e9dc0913e2430fbd\"},\"headline\":\"The Ultimate Guide To Procurement Management\",\"datePublished\":\"2020-02-12T02:05:18+00:00\",\"dateModified\":\"2022-11-17T10:49:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/\"},\"wordCount\":2660,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sourcing-force.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/procurement-management-1.png\",\"articleSection\":[\"Procure-to-Pay\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/\",\"url\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/\",\"name\":\"The Ultimate Guide To Procurement Management - Sourcing Force\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sourcing-force.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/procurement-management-1.png\",\"datePublished\":\"2020-02-12T02:05:18+00:00\",\"dateModified\":\"2022-11-17T10:49:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/#\\\/schema\\\/person\\\/481e000db1e02e01e9dc0913e2430fbd\"},\"description\":\"Procurement Management is based on how a procurement department organizes Spend all the way from choosing the right vendors to invoice matching.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/#primaryimage\",\"url\":\"https:\\\/\\\/sourcing-force.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/procurement-management-1.png\",\"contentUrl\":\"https:\\\/\\\/sourcing-force.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/procurement-management-1.png\",\"width\":1588,\"height\":892,\"caption\":\"Sourcing Force procurement management\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/procurement-management\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Ultimate Guide To Procurement Management\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/#website\",\"url\":\"https:\\\/\\\/sourcing-force.com\\\/\",\"name\":\"Sourcing Force\",\"description\":\"Digitalisez l\u2019int\u00e9gralit\u00e9 de votre processus Achat !\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/sourcing-force.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/#\\\/schema\\\/person\\\/481e000db1e02e01e9dc0913e2430fbd\",\"name\":\"Olivier Audino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/sourcing-force.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/olivier-audino-150x150.png\",\"url\":\"https:\\\/\\\/sourcing-force.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/olivier-audino-150x150.png\",\"contentUrl\":\"https:\\\/\\\/sourcing-force.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/olivier-audino-150x150.png\",\"caption\":\"Olivier Audino\"},\"url\":\"https:\\\/\\\/sourcing-force.com\\\/en\\\/author\\\/olivieraudino\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Ultimate Guide To Procurement Management - Sourcing Force","description":"Procurement Management is based on how a procurement department organizes Spend all the way from choosing the right vendors to invoice matching.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sourcing-force.com\/en\/procurement-management\/","og_locale":"en_US","og_type":"article","og_title":"The Ultimate Guide To Procurement Management - Sourcing Force","og_description":"Procurement Management is based on how a procurement department organizes Spend all the way from choosing the right vendors to invoice matching.","og_url":"https:\/\/sourcing-force.com\/en\/procurement-management\/","og_site_name":"Sourcing Force","article_published_time":"2020-02-12T02:05:18+00:00","article_modified_time":"2022-11-17T10:49:05+00:00","og_image":[{"width":1588,"height":892,"url":"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1.png","type":"image\/png"}],"author":"Olivier Audino","twitter_card":"summary_large_image","twitter_creator":"@SourcingForce","twitter_site":"@SourcingForce","twitter_misc":{"Written by":"Olivier Audino","Est. reading time":"13 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sourcing-force.com\/en\/procurement-management\/#article","isPartOf":{"@id":"https:\/\/sourcing-force.com\/en\/procurement-management\/"},"author":{"name":"Olivier Audino","@id":"https:\/\/sourcing-force.com\/#\/schema\/person\/481e000db1e02e01e9dc0913e2430fbd"},"headline":"The Ultimate Guide To Procurement Management","datePublished":"2020-02-12T02:05:18+00:00","dateModified":"2022-11-17T10:49:05+00:00","mainEntityOfPage":{"@id":"https:\/\/sourcing-force.com\/en\/procurement-management\/"},"wordCount":2660,"commentCount":0,"image":{"@id":"https:\/\/sourcing-force.com\/en\/procurement-management\/#primaryimage"},"thumbnailUrl":"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1.png","articleSection":["Procure-to-Pay"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sourcing-force.com\/en\/procurement-management\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sourcing-force.com\/en\/procurement-management\/","url":"https:\/\/sourcing-force.com\/en\/procurement-management\/","name":"The Ultimate Guide To Procurement Management - Sourcing Force","isPartOf":{"@id":"https:\/\/sourcing-force.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sourcing-force.com\/en\/procurement-management\/#primaryimage"},"image":{"@id":"https:\/\/sourcing-force.com\/en\/procurement-management\/#primaryimage"},"thumbnailUrl":"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1.png","datePublished":"2020-02-12T02:05:18+00:00","dateModified":"2022-11-17T10:49:05+00:00","author":{"@id":"https:\/\/sourcing-force.com\/#\/schema\/person\/481e000db1e02e01e9dc0913e2430fbd"},"description":"Procurement Management is based on how a procurement department organizes Spend all the way from choosing the right vendors to invoice matching.","breadcrumb":{"@id":"https:\/\/sourcing-force.com\/en\/procurement-management\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sourcing-force.com\/en\/procurement-management\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sourcing-force.com\/en\/procurement-management\/#primaryimage","url":"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1.png","contentUrl":"https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/02\/procurement-management-1.png","width":1588,"height":892,"caption":"Sourcing Force procurement management"},{"@type":"BreadcrumbList","@id":"https:\/\/sourcing-force.com\/en\/procurement-management\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/sourcing-force.com\/en\/"},{"@type":"ListItem","position":2,"name":"The Ultimate Guide To Procurement Management"}]},{"@type":"WebSite","@id":"https:\/\/sourcing-force.com\/#website","url":"https:\/\/sourcing-force.com\/","name":"Sourcing Force","description":"Digitalisez l\u2019int\u00e9gralit\u00e9 de votre processus Achat !","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sourcing-force.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/sourcing-force.com\/#\/schema\/person\/481e000db1e02e01e9dc0913e2430fbd","name":"Olivier Audino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sourcing-force.com\/wp-content\/uploads\/2022\/01\/olivier-audino-150x150.png","url":"https:\/\/sourcing-force.com\/wp-content\/uploads\/2022\/01\/olivier-audino-150x150.png","contentUrl":"https:\/\/sourcing-force.com\/wp-content\/uploads\/2022\/01\/olivier-audino-150x150.png","caption":"Olivier Audino"},"url":"https:\/\/sourcing-force.com\/en\/author\/olivieraudino\/"}]}},"_links":{"self":[{"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/posts\/12322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/comments?post=12322"}],"version-history":[{"count":33,"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/posts\/12322\/revisions"}],"predecessor-version":[{"id":19472,"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/posts\/12322\/revisions\/19472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/media\/12342"}],"wp:attachment":[{"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/media?parent=12322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/categories?post=12322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sourcing-force.com\/en\/wp-json\/wp\/v2\/tags?post=12322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}