Marketboomer generates substantial benefits
for businesses in three key areas:
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It saves money and time
Competitively
driven price reductions result in 8% - 15%+ savings on
purchases
Efficienciesin Purchasing
and Accounts Payable (A/P) can result in 30% - 70% savings on process
costs
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How?
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Automated Best Price
Purchasing(with
increased compliance and competition amongst suppliers) in all
areas, every time, regardless of who’s placing the
order
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Suppliers can update their pricing,
every day if necessary to win your business from a
competitor
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Potentially lower staff overhead
through centralised purchasing and A/P
(Purchase Orders are placed by front line staff, reconciliation
occurs automatically)
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Integration of PO’s and Invoices
into existing information systems saving time and
errors
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Better controls, compliance & processes
throughout the Procurement and A/P function:
Online
Requisition -> Online Purchase Order -> Online Invoice ->
Auto Reconciliation & Payment
Results in: 2% - 5% savings on spend through improved control,
compliance and processes
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How?
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Consistent approach to all purchasing
– ‘day-to-day supplies or equipment’, the
process, savings and controls are all the same
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Ability to enforce 100% compliance to
purchasing policy and authorisationrequirements
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Ability tocontrol supplier selection, product range and
specification group wide
(which facilitates supplier and product
rationalisation)
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Automating manual
processes results in
shorter processing time, fewer expensive errors and
improved accountability,
integrity and security
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Better information and reporting
Results in: 2% - 5% savings on spend through better spend
analysis
(on a product by product level, across the business unit or
group)
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How?
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Provision of purchasing data in easy to
use reports enables you to leverage improved terms from suppliers
both locally and regionally using your consolidated
volumes
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Real time recipe/dish costings allowing
proactive menu planning and engineering
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Ability to easily evaluate new
suppliers price performance prior to adoption
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So imagine having the
perfect purchasing system, one that always gets the required number
of quotes; always makes the most cost effective decision (without
sacrificing quality); provides detailed and useful reports on
spend; rigorously implements company procurement policy; never gets
lazy, takes a day off or is unscrupulous!
Marketboomer, the perfect
purchasing system on everybody's
desk!
