Actualog supports cost saving initiative in procurement

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Information about Actualog supports cost saving initiative in procurement
Business & Mgmt

Published on March 19, 2014

Author: Actualog



PRODUCT INFORMATION MANAGEMENT INITIATIVE DRIVES PROCUREMENT SAVINGS1. Product information without duplicates allows consolidating spend and reduce working capital. 2. Use advantages of procurement centralization. Search for products offered by various suppliers, compare and find the best products. 3. Use product information created by suppliers, prepare tender documentation with predefined product specifications and characteristics, and save operation costs. 4. Create and share procurement program with potential suppliers. 5. Standardize communications with your suppliers, reduce errors, improve communication time and streamline processes.

ACTUALOG PRODUCT INFORMATION MANAGEMENT PLATFORM SUPPORTS COST SAVINGS CHALLENGES Purchasing Harmonizatio n Sustainabl e Costs Savings Global Sourcing Using Product Information Management (PIM) companies achieve the following results in average*: Cutting costs in the logistics system: 15% Reducing the cost of purchased items: 5-20% Decrease in stocks and illiquid: 20-40% Service improvement (increase in the proportion of timely deliveries): 20% * according Gartner research Category Sourcing Strategy Supplier Relationship Management Purchasing Optimizatio n Challenges

SOCIAL PRODUCT INFORMATION MANAGEMENT PLATFORM Actualog is an innovative cloud-based social Product Information Management platform that brings together the expertise and knowledge of the manufacturers and most competent customers around the world. WWW.ACTUALOG.CO M

Legal Entities Companies’ Procurement Catalogues Business, Regional or Product Purchasing Groups Global Procurement Catalogues Procurement centralization Product comparison Global Product Information Management Data quality improvement Master Data Management Integration to company infrastructure Procurement program for Suppliers Qualified basis for purchasing decisions Cloud / Web / Crowdsourcing WELL-DESIGNED SOURCING INITIATIVES CAN GENERATE SUBSTANTIAL SAVINGS — UP TO 15 TO 20 % OF A COMPANY’S PURCHASING COSTS* Suppliers (Producers, Distributors, Service Providers) Product catalogues and product information from suppliers * Source: The Boston Consulting Group

ACTUALOG provides complete, accurate, and relevant information about products, materials, and technologies by using knowledge and expertise of producers. Only producers know everything about their products.

The Expert Community creates the Classifier which contains a complete set of attributes for each product category. Your Suppliers provide complete and unified information about their products, describe product characteristics using category attributes. Standardize communications with your Suppliers, reduce errors, improve communication time and streamline processes.

Actualog is designed for global companies and organizations. We support 35 languages to create the content.

Communities in Actualog allow professional to work in the environment designed for particular industry. Create and share your procurement program with potential suppliers. Create Procurement Catalogs and embed into your website.

Reduce Product Information Management costs using product information created by Experts. Invite your Suppliers to pace information about their products in Actualog, and get the complete, multilang uage and unified product description.

Use advantages of procurement centralization. Search for products, compare and find the best products using characteristics and parameters.

CONTACT ACTUALOG Kate Koltunova CEO Actualog m +7 (911) 250-22-47 Actualog is an R&D company founded in 2011. We develop a revolutionary Cloud Solution designed to solve the widespread challenges of product data quality that ensures that all relevant departments within an organization have real-time access to the most current and complete product information. Actualog is a Microsoft Partner participating in BizSpark program and a resident of the innovation center “Skolkovo” WWW.ACTUA LOG.COM Elena Prikhodko Sales and Marketing director +7 (911) 711-19-19

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