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Lack of clear visibility into spend data prevents organizations from achieving value from their procurement data. Whether it is for cost optimization, compliance or supplier innovation, it all begins with having the right data.
Getting spend analysis right is a mandatory step toward actual cost reduction, continual process improvement and value creation. Our spend analysis consultants are motivated by the same goals and measure success just as you do — through actual realized savings.
Blue Ocean will help your organization to standardize your data, remove duplicity, inconsistency, and errors. We help you manage your data effectively and continuously improve it.
The most important exercise is to ensure a single version of truth about the data throughout the organization, thus creating a centralized repository. We bind your system and information together giving you a single data and improved governance. A consistent and correct data is prime for success of suppliers, customers and employees.
To achieve world class transactional efficiency and Spend visibility, Organization must have a well defined, structured and compliant Master Data Processes
-Procurement Master Data includeWant to achieve Year on Year savings? Want to empower your team to do more with their time? Our Source-To-Pay solutions control waste, manage suppliers, and further amplify efficiencies within your purchasing stream.
We focus on streamline the process, control the costs using our real time-market intelligence and category expertise.
Our goal is to provide a seamless process from Requisition, identifying and negotiating with suppliers, contracting them, sending out Purchase Order (PO), delivery management, Accounts Payable (AP), invoicing and culminating with final payment across regions and around the world. We focus on quality, cost, delivery, and compliance through Service Level Agreements (SLAs) and Key Performance Indicators (KPIs).
We provide end-to-end services in the sourcing cycle - from spend analysis and opportunity identification to contract implementation.
With streamlined procure-to-pay processes, procurement organizations can reduce paperwork and cut down cycle times same time achieving cost savings.
Our procure-to-pay services delivers year-on-year savings, empower procurement teams to do more with their time, and drastically improve return on operating costs.
Procure-to-pay is the process of integrating purchasing and accounts payable systems. It involves four key stages: selecting goods and services; enforcing compliance and order; receiving and reconciliation; invoicing and payment.
Blue Ocean’s procure-to-pay sourcing services help you drive greater efficiency from the point of order to the point of fulfillment and payment.
Low value purchases which often account for around 20% of the total spend and 80% of the supplier base are often ignored. The tail spend data is fraught with characteristics - Poor data visibility, low volume, time sensitivity, unique and often unstable specifications. It has now become crucial to clean, categorize and consolidate tail spend with the rest of your spend.
Blue Ocean helps you toThis will result in achieving reduced cost of procurement operations and managing higher spend.
Blue Ocean helps you to extract and aggregate data from the P-cards or corporate cards. Despite P-cards increase buying flexibility, they often cause compliance and visibility challenges. Employees spend activities are too small to be handled by procurement or too infrequent to be included in a single vendor catalog.
We help you toOur approach towards P-card management is iterative Our strategy delivers success that can be measured in hard dollars