IBM Process Excellence Value Triangle for Procurement leverages an IBM proprietary framework to transform the Buying Experience across three dimensions: Efficiency, Compliance, and Experience. It does this by Benchmarking and monitoring performance improvements across the Purchasing process. Transformation KPIs include Lead Time, Revision Rate, Rework Rate, Rush PO, Maverick Buying, Approval Rate, Tons of CO2 emission, and Supplier sustainability rating. Identifying high-impact areas for automation and triggering action flows accordingly.
This is where IBM and Celonis combine their Strengths:
Comprehensive spend insights.
Improvements in compliance.
Greater insights into supplier ESG performance.
Reduced cost of operations.
Shorter procurement cycle.
The Management Overview Analysis helps procurement leaders to realize performance of key matrices and comparison with bench-marking targets under the umbrella of process excellence value triangle.
This dashboard provides KPI performance for
Monitoring KPI trend across Efficiency, Compliance & Experience will help process owners and operational managers to focus on KPIs and applications with significant impact and allow them to drill down farther.
The Lead Time Analysis helps Procurement Managers:Identify lead time pattern over time, material groups, PO types, etc.
Identify the root cause of high lead times for process improvement.
Sustainability analysis helps to measure performance of sustainability KPIs and identify trend of KPI development & its impact on environment. It helps to improve sustainability KPIs by understanding root cause for low performing KPIs and reduce impact on environment.
Predefined action flow on Supplier Rating Optimization enables automated evaluation of the supplier rating in correlation with the PR line. Recommendations based on supplier rating provide alternative sustainable suppliers to better meet company goals. Changes are automatically updated in the source system.
This Analysis provide details on days payable outstanding and its comparison with payment terms of vendors to enhance working capital management. It Helps providing insights across company codes, countries, vendors and trend over time.
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