For Buyers
Business Benefits: Buyer's Perspective


Purchase Price Improvement (0.2 - 5.0% of Material Cost)

Transparency of cost elements

Supplier Net Price Comparison

Total Cost of Ownership (Value Pricing) Model

Spot vs Contract Analysis

Procurement Optimisation

Wider Discovery of suppliers potentially creating higher competitive intensity
Reduce potential leakage from contract price execution

Rebate Entitlement not claimed

Error in formula price which is disadvantageous to buyer
Process Improvement Cost Reduction

Automated, integrated (to ERP and Multiple Supplier connectivity) & Secure Process:
Reduce manual handling & hence, manpower cost

Digitalisation and traceability enables reduction of procurement audit cost
Working Capital Improvement through Collaboration

LC capital cost reduction through speedy and secure process (blockchain)

Inventory cost reduction from VMI
Benefits Sources and Realisation of benefits are dependent on sophistication and maturity of processes (i.e. including impact from processes enabled by platform subscription plan)

Convenience

Anytime, anywhere on any device

Real-time & dynamic

Single platform instead of accessing multiple supplier eCommerce sites
Transparency & Visibility

Transparency of buying process and price element

Transparency of price formula, rebate, data used (e.g. exchange rate)

Order tracking/supply chain visibility

Real-time visibility, transparency of “market price”
Fair trade

Trade term rules protecting both buyers and sellers (e.g. min/max price and quantity)

Value Pricing (fair to supplier and buyer)

Performance or service level Based pricing enablement
Unified Customer Experience

Common pricing engine across channels

Well defined customer offerings and service level
Enhanced Compliance to internal process

Procurement Approval Process
Improved Service and Customer Experience

Frictionless Experience (e.g. Product availability, Dynamic Pricing & Negotiation)

Order promised date from supplier (in case requested date is not available)

Customer Service (eg Claims and Complains Management)