Enhancing procurement through intelligent process mining
How organizations can use the technology to transform their processes and build a strong business performance during the crisis
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Businesses are placing increasing demands on their purchasing and supply chain teams to ensure on-time vendor delivery, choose the right supplier at the right time and move rapidly through their procurement cycle, while staying as cost-effective as possible.
An ineffective procurement process can have a substantial influence on day-to-day cashflow management and overall success of an organization. Wasted time and effort can impact a business’s ability to attract customers and retain staff, two key elements to ensure survival during the global Covid-19 pandemic.
This white paper offers information on how to improve the procurement cycle through the use of process mining technology and ensure resilience during the crisis. It features success stories from Vodafone, which drove down purchase costs by 11 per cent and Deutsche Telekom which reduced cash discount losses by $44 mn.
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Download the white paper to find out how to:
- Obtain deep insights into the procurement cycle to make smarter, more data-driven decisions.
- Identify and remove process inefficiencies in real time with process mining technology.
- Leverage process mining to turn monitoring process performance into growth.
