{"id":413857,"date":"2020-07-06T11:01:04","date_gmt":"2020-07-06T09:01:04","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=413857"},"modified":"2020-07-06T11:01:04","modified_gmt":"2020-07-06T09:01:04","slug":"5-ways-to-streamline-procurement-and-drive-growth-with-syspro-erp","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/413857\/5-ways-to-streamline-procurement-and-drive-growth-with-syspro-erp\/","title":{"rendered":"5 ways to streamline procurement and drive growth with SYSPRO ERP"},"content":{"rendered":"<p>The COVID-19 pandemic has forced businesses to prioritise their procurement process as a key consideration.<\/p>\n<p>Efficient procurement can mitigate risk, drive growth, and give your manufacturing business a competitive advantage.<\/p>\n<p>To help manufacturing businesses navigate this process during the global crisis, leading manufacturing ERP provider SYSPRO has written a whitepaper that details five important strategies to improve your procurement process.<\/p>\n<ul>\n<li><a href=\"https:\/\/hubs.ly\/H0s0lZL0\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Click here to download the full whitepaper<\/strong><\/a><\/li>\n<\/ul>\n<p>A summary of these strategies is outlined below.<\/p>\n<h3 class=\"my-4\"><strong>1. Prepare for uncertainty<\/strong><\/h3>\n<p>The manual process of gathering and deciphering information about suppliers, markets, and environmental factors is a thing of the past.<\/p>\n<p>The new approach is data-driven and enables real-time decision making and forward planning.<\/p>\n<h3 class=\"my-4\"><strong>2. End-to-end visibility<\/strong><\/h3>\n<p>It is important that businesses have a single platform where everything from early-stage planning to final delivery can be tracked.<\/p>\n<p>This is driven by embedded AI capabilities which provide real-time intelligence, actionable insights and recommendations that inform other areas of the manufacturing process.<\/p>\n<h3 class=\"my-4\"><strong>3. Embrace the limitless potential of digitalisation<\/strong><\/h3>\n<p>Digitalisation creates new implications for how the modern and future business will operate.<\/p>\n<p>These technologies offer new challenges to your manufacturing business, but by embracing them, you will be setting your business up for long-term success.<\/p>\n<h3 class=\"my-4\"><strong>4. Build a robust supply chain<\/strong><\/h3>\n<p>Manufacturing businesses that have been operating with thin margins have been impacted the hardest by the COVID-19 pandemic.<\/p>\n<p>They have learned quickly that the procurement process needs to be robust and resilient.<\/p>\n<p>This is why businesses need to build bigger buffers so that they are able to deal with crises they may encounter.<\/p>\n<p>For many businesses, this will require a comprehensive reengineering of the supply chain.<\/p>\n<h3 class=\"my-4\"><strong>5. Agile sourcing to mitigate risk<\/strong><\/h3>\n<p>It has become common for supply diversification to focus on driving down costs to maximise profit margins.<\/p>\n<p>However, as supply chain disruptions are happening more frequently, it has become important that this be balanced with risk mitigation.<\/p>\n<p>While this may cost more in the short term, it protects you against larger, long-term losses.<\/p>\n<h3 class=\"my-4\"><strong>An ERP solution is crucial<\/strong><\/h3>\n<p>A comprehensive ERP solution is crucial for manufacturing businesses looking to streamline their procurement processes.<\/p>\n<p>SYSPRO ERP offers built-in digitalisation capabilities that help manufacturing businesses create an agile supply chain that offers end-to-end visibility. It also enables you to optimise your organisation\u2019s supply chain in both the short and long terms.<\/p>\n<p>Furthermore, SYSPRO helps you to lower purchasing risk, improve governance, and maintain your negotiated agreements.<\/p>\n<p><a href=\"https:\/\/hubs.ly\/H0s0lZL0\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Click here to download the full whitepaper.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYSPRO has written a whitepaper that details five important strategies to improve your procurement process.<\/p>\n","protected":false},"author":57,"featured_media":413859,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[14205],"class_list":["post-413857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-syspro"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/413857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=413857"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/413857\/revisions"}],"predecessor-version":[{"id":413861,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/413857\/revisions\/413861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/413859"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=413857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=413857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=413857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}