Jaggaer releases new OneShop spend management tool
Jaggaer, an industry-leading spend management company announced this week the launch of its new spend management solution: OneShop. The tool delivers real-time and localized catalog search results and product information from all sources of negotiated pricing with suppliers connected to the Jaggaer One spend management platform.
Based in North Carolina, Jaggaer has over 2,000 customers connected to a network of 3.7mn suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia and the Middle East regions. Additionally, the company holds 37 patents–more than any other spend management firm.
OneShop represents the first hosted live catalog solution available from a full suite spend management platform provider that is developed as native technology and fully integrated into the solution.
The software reportedly provides complete visibility to both hosted catalogs and punchout catalogs simultaneously during online shopping.With access to real-time negotiated pricing across all catalogs types, shoppers save time and increase productivity by seeing all of the information and pricing they need to compare purchasing options on one screen.
“We designed this feature to manage one of the banes of the eProcurement world: the punchout experience. We were the first company to roll this feature out as a native solution, instead of a bolt on, which ensures the most seamless and user friendly experience. Ultimately JAGGAER would like to eliminate punchout altogether for price discovery, and provide the user with one view of their shopping search results, one source of current information, taking the necessity of multiple clicks and tabs out of the equation entirely, while providing seamless access to detailed research and rich product content from supplier sites,” says Zia Zahiri, CTO of JAGGAER.
“Our corporate mandate of “procurement simplified” is realized in OneShop, a one stop destination for real time pricing and product information, with full supplier collaboration and transparency.This technology enables the expansion of global market price discovery within our network,” adds Zahiri.
Vizibl: The Future of Supplier Relationship Management (SRM)
Even the best procurement team on the planet can only derive so much value from their suppliers by tinkering with spreadsheets or negotiating another half-percent-per-unit from a regular bulk-buy.
The value of relationships count in today’s fast-paced and disrupted business environment, where partnerships, future efficiencies and risk mitigation are just as vital a measure of an organisation’s maturing procurement organisation as overhead reduction.
A recent McKinsey survey into 100 large organisations found that the more cooperative an organisation, the more financially competitive it could become. "Companies with advanced supplier-collaboration capabilities tend to outperform their peers,” it found, but also admitted that this value is not a simple thing to access.
Visibl is a company built from the ground up with the philosophy of ‘delivering mutual value' in mind. Its digital procurement platform is designed to place collaboration at the centre of supplier relationships. Greater transparency for all stakeholders not only simplifies and quantifies contractual obligations, but also provides opportunities to discover and align on common goals and business objectives.
How does Vizibl’s platform work?
Vizibl’s supplier relationship management platform feeds off data. By leveraging data from existing enterprise applications such as ERP, P2P, risk management, or project management systems, all stakeholders can share a central source of truth. The result is greater transparency, visibility and accountability on both sides of a contract. The platform is divided into several focus areas:
- Vizibl Relationships: This system helps organisations move beyond transactional interactions with their suppliers, instead building trust and applying a governance framework that is both scalable and consistent to better support core business objectives.
- Vizibl Workspace: Operating in one virtual workspace removes friction in collaborative endeavours and aligned initiatives. Vizibl Workspace enables partners to drive goals together, whether improved cost-savings, ESG commitments, new product launches or boosting operational efficiency.
- Vizibl Reporting: Measuring results is critical in achieving business objectives, forward planning and risk management. This system helps business leaders leverage actionable data to quantify and drive initiatives, support and mange supplier performance, and understand true ROI.
Key Vizibl customers: Heineken, Vodafone, Astellas
“Gartner lists supplier collaboration as supply chain leaders’ number one focus to solve for agility and resilience”
Speaking to SupplyChainDigital.com earlier this year in June, Mark Perera, CEO and co-founder of Vizibl said: “We work with companies across multiple industries, but regardless of sector, we really see agility and resilience as overarching topic areas in the supply chain. From a resilience perspective, that’s both in terms of operational resilience, but also strategic resilience; we see organisations looking at implementing the desired levels of flexibility and the ability to change with demand, as they look towards the future of their company.”
“Gartner lists supplier collaboration as supply chain leaders’ number one focus to solve for agility and resilience,” he added. “The mindset and process change to switch to a supplier collaboration model will be a challenge for organisations that are falling behind.”