Menu

Introduction of a purchasing control tool

This large financial services company wanted to replace its usual 'spend analysis' with a purchasing control system. Following the creation of a functional specification and the identification of external suppliers, an appropriate purchasing control tool was selected and implemented for the management, coordination and support of the purchasing function.

Challenge

  • Replacement of a spend analysis tool in order to improve purchasing control
  • Optimised control of spending and management of purchasing using defined reports, KPIs and graphics

Service

Phase 1: Design

  • Creation of requirements catalogue for a purchase control tool (functional specification) with involvement of stakeholders
  • Market research and identification of suitable tool providers
  • Implementation planning

Phase 2: Implementation

  • Execution of tender and supplier meetings
  • Selection of appropriate supplier
  • Design and customisation of tools in project team with future users
  • Implementation and communication of tool (e.g. user workshops)

Key data

  • Duration: 9 months
  • Scope of brief: 60 FTE
  • Client: German financial services provider
  • Company size: 10,000+ employees

Results

  • Purchasing control tool providing a consolidated spend overview:
    • Suppliers
    • Categories
    • Contracts
    • Clients
    • Periods
  • Creation of a database for analysis tools (portfolios, briefing, cockpits and dossiers) as basis for sound management decisions
  • Flexible design of reports, visualisation of results and definition of KPIs

Summary

  • Creation of transparency regarding all expenditure
  • Provision of strategic purchasing with KPIs relevant for control
  • Implementation of a purchasing control tool for managing, coordinating and supporting purchasing

 

BackSave project as PDF

Introduction of category management

Introduction of category management


For this service provider, STÖHR FAKTOR introduced comprehensive category management for the central purchasing function…

Purchasing development programme

Purchasing development programme


At a financial services provider, the specialist functions of purchasing, cost management and accounting should…

Vendor Master Administration

Vendor Master Administration


The full responsibilty for the vendor master administration (VMA) was transferred to the Accounts Payable…

Implementation contract management tool

Implementation contract management tool


Previously, a German financial service provider used a contract management tool as a less intuitive…

STÖHR FAKTOR Unternehmensberatung GmbH
Düsselstraße 4a | D-40699 Erkrath
Fon: +49 (211) 977 19 600
Fax: +49 (211) 977 19 520
info@stoehr-faktor.de
www.stoehr-faktor.de
×
This website uses cookies to make the website more user-friendly, effective and secure. By using this website, you agree to the use of cookies.