8Manage SPM:Why Procurement SaaS

2020-03-19

Unlike Customer Relationship Management (CRM), Portfolio and Project Management (PPM) or Human Capital Management (HCM) which had mature software solutions prior to the SaaS era, supplier management, e-procurement and e-tender which, although aren’t totally new, are relatively new concepts and had nearly no mature products to support them prior to the SaaS era. Moreover, some of the important sub-concepts in supplier management such as “routine recruitment of new suppliers to maintain adequate supplier competition” and “elimination of suppliers based on performance” are quite different from those in Henry Ford’s supply chain model which was popular prior to the SaaS era.  

8Manage SPM(Supplier and Procurement Management)

Since the new supplier management concept together with e-procurement and e-tender are more suitable for today’s environment in which supplier reach and interaction are much less restrictive because of geographical locations, procurers should acquire the mature software solution that supports the modern concepts and operations. Since procurement SaaS solutions were developed later than the traditional procurement software solutions, procurers would have a higher chance to find the modern procurement solution that they need in the SaaS market.

Procurement SaaS solution(e.g., 8Manage SPM) also has the following additional benefits over the traditional software solutions:

1. Lower solution cost -- One reason procurers are selecting SaaS solutions is for lower deployment cost, especially in comparison with on-premises deployment. 

2. Simplistic implementation -- The SaaS trial process allows user testing of the solution, user buy-in, user participation in the selection process, user pre-learning of the solution and user prebuilt relationships with the support team. All these are crucial to the effectiveness and speed of a successful implementation.  

3. Seamless scalability -- What happens if the organization using the solution is scaling quickly, but its solution system can’t keep up? Procurement teams know that this was the case for on-premises software and IT professionals know that spare capacity needed to be planned even if they were sitting idle in the data centers. With 8Manage eProcurement solutions, procurement teams don’t need to worry about scalability and their IT don’t need to spend money on spare capacity before they actually need it.

4. Procurement functionality: 8Manage SPM allows you to collect a wealth of supplier information and set up processes and rules for procurement planning and execution.Besides eSourcing, eProcurement and eTender, it also supports Supplier Relationship Management and Portfolio and Project Management for the sourcing and acquisition of complex products and the management of the long-term services such as strategic outsourcing.

Manage your supplier,procurement,tendering processes with 8Manage SPM, try it for free!