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Today many businesses are launching cost reduction initiatives. Procurement optimizations has a significant cost-saving potential. Procurement consolidation, contract management, category management and other initiatives need special tools. It is required to ensure purchased products data quality too conduct spend analysts and support the consolidation. Actualog is a cloud-based Product Information Management solution that supports cost-saving initiatives in global companies. Learn more from our presentation.
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WWW.ACTUALOG.COM
Social Product Information
Management Platform
COST SAVING
PROCUREMENT INITIATIVE
ACTUALOG PRODUCT INFORMATION MANAGEMENT PLATFORM SUPPORTS COST SAVINGS CHALLENGES
Purchasing Harmonization
Sustainable 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
Optimization
Challenges
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.
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.COM
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 organizations
working on the
global market.
It supports 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,
multilanguage 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
+7 911 250 22 47
Elena Prikhodko
Sales and Marketing [email protected]
+7 911 711 19 19
WWW.ACTUALOG.COM
