Caranda has been working on streamlining and automating processes within procurement-driven value chains. In recent years, this has accelerated rapidly with the digital transformation.
Traditionally, a significant portion of a company’s human resources is devoted to procurement processes, such as purchasing, order handling, invoice processing, and payments, all tied up in transactional and less value-adding activities. Therefore, digitalizing procurement is crucial to liberating resources and positions for more value-creating endeavors. The digital transformation is about empowering the organization to deliver better services tailored to the needs of internal and external customers.
To realize the ambition of conducting procurement processes with the help of robots and artificial intelligence, it is not sufficient to acquire and customize suitable IT solutions. Everything revolves around people. A holistic approach is required, where optimal leadership of people and governance of the procurement function play a central role. Caranda understands procurement processes and knows what it takes to create a willingness and understanding for change.
Caranda can assist companies in their digital transformation, from full digitalization of the entire procurement process to smaller IT procurements and implementations.
Maturity analysis for digitalization
All businesses need to understand their digital maturity and how they compare to others. Caranda believes that the most important aspect of a maturity analysis is to provide concrete change measures and improvements.
Caranda can assist in defining the digital maturity of the procurement organization, drawing from extensive experience in process optimization, IT procurement, and system knowledge. To ensure the analysis is valuable to the client, we aim to deliver more efficient processes and reduced resource consumption.
The process of conducting a digital maturity analysis with Caranda involves the following steps:
- We conduct interviews with the client.
2. We review process descriptions, governing documents, and systems, among other things.
3. The analysis will reveal the current situation and propose specific measures to achieve the desired future state.
The most crucial aspect for our clients is understanding how they need to transform their organization to deliver the right goods and services in the future. A digital maturity analysis serves as a valuable indicator of whether the organization is on the right track and provides guidance and action points to reach defined goals
Defining Needs for Digital Tools
When your organization is engaged in IT procurement, the process of defining your needs plays a crucial role in ensuring a successful procurement process. How you convey your requirements to the supplier market can have a significant impact on the quality and competitiveness of the procurement.
The needs analysis is at the core of the procurement process, and we understand the importance of providing precise and comprehensive descriptions of your needs to the suppliers. Through our expertise, we combine thorough market dialogue with extensive field knowledge to ensure that the specification requirements are optimal and foster the right competition in the market.
The digital world is evolving rapidly, and what was relevant yesterday may be outdated today. Therefore, IT procurement requires special attention to specification requirements. We understand the complexity of digital tools and know how to articulate needs in a way that promotes innovation while still meeting your specific requirements.
Finding the right balance between detailed specifications and flexibility is crucial to encourage creativity and attract the best suppliers in the market. By focusing on functional specifications in addition to details, you open the door to innovative solutions and have the opportunity to choose from the most qualified players in the industry.
Our experience has shown that a thorough and well-developed specification leads to a more efficient and successful procurement process. By collaborating with Caranda to define your digital needs, you will achieve the best possible outcome through services tailored to your specific requirements – at a cost that delivers value for money.
Contact us to explore the possibilities of optimizing your digital procurement processes and achieving success in today’s fast-paced and complex digital world.
Complete Digitalization of the Procurement Function
Achieving full digitalization of the procurement process is a critical step for ensuring the relevance and efficiency of the procurement organization in the future.
Surprisingly, many businesses are still grappling with inefficient and outdated processes. While some rely on cumbersome ERP-based procurement systems, others are burdened with manual and paper-driven routines. Consequently, employees spend a significant amount of time on mundane operational tasks that could be better utilized for strategic planning and data analysis. Although some companies have invested in Purchase-to-Pay (P2P) solutions, they often struggle with incomplete visibility into overall spend and a user experience (UX) that hampers productivity.
Caranda brings its extensive experience in building and optimizing procurement organizations to the table. By fully embracing Source-to-Pay (S2P) digitalization, we help businesses automate repetitive tasks, freeing up valuable time for higher-value activities. However, successful digital transformation is not solely about adopting new systems; it requires a fundamental shift in the organizational culture to empower employees to handle strategic and analytical responsibilities effectively.
How Caranda Facilitates Full Procurement Digitalization:
- Comprehensive analysis and mapping of the existing procurement processes.
2. Expert guidance and support in change management initiatives to foster a smooth transition.
3. Leadership in implementing cutting-edge procurement systems tailored to the organization’s needs.
4. Building and nurturing a culture of procurement expertise to empower employees and optimize performance.
In partnership with Caranda, businesses can streamline their procurement practices, empowering their workforce, and unleashing the full potential of digitalization. Embracing digital transformation in procurement can lead to enhanced efficiency, significant cost savings, and ultimately, a competitive advantage for future growth and success.