Largest software companies: Jaggaer
Jaggaer boasts its ability to provide eProcurement and strategic s...
Founded in 1995, Jaggaer is a world leader of comprehensive Source-to-Pay solutions.
Jaggaer boasts its ability to provide eProcurement and strategic sourcing customers, the best suppliers, insights and recommendations on a scalable and customisable platform. In April 2019 the company’s JAGGAER ONE platform won ‘Most Innovative Technology’ at Procurement Middle East Awards.
Jaggaer’s solutions include:
Spend Analytics: JAGGAER ONE Spend Analytics utilises automation technology to remove manual data analysis for patterns, gaps and inconsistencies.
Category Management: JAGGAER ONE Category Management module manages category strategies, actions and workflows using category-based algorithms and relevant KPIs. As well as making developments visible to all stakeholders.
Supplier Management: JAGGAER Supplier Management provides a central location for all information and documentation to be collected and assessed, providing real-time data and analysis to help procurement leaders make the best strategic decision.
Sourcing: JAGGAER ONE enables procurement leaders to identify the right suppliers to support individual business goals. The solution provides a 360o view of price and non-price information.
Contracts: JAGGAER ONE provides a complete end-to-end solution for full authoring and automated review and approval workflow, as well as managing the entire contract lifecyle such as automated alerts, renewals and expirations.
eProcurement: JAGGAER ONE eProcurement provides a configurable guided buying solution to drive organisational spend.
Invoicing: JAGGAER ONE Invoicing solution automates AP tasks helping to create visible and organised spending.
Inventory Management: JAGGAER ONE Inventory Management solution helps to optimise inventory levels and stock replenishment, as well as taking into account industry requirements and local legal frameworks.
Supply Chain Collaboration: JAGGAER’s Supply Chain Execution solution extends the source-to-pay process allowing integration of ERP systems to support supply chain collaboration, quality management and new product introductions.
Quality Management: JAGGAER’s Supply Chain Execution reduces admin by automating quality management, supplier collaboration and development action plans.
Did you know? Jaggaer was No. 7 in Supply Chain Digital’s October edition for Top 10 software companies.
For more information on all topics for Procurement, Supply Chain & Logistics - please take a look at the latest edition of Supply Chain Digital magazine.
Will Public Procurement Budgets Increase in 2021?
Procurement is more than just a private enterprise. COVID-19 reminded us that sourcing materials is an essential part of the government’s role. Throughout 2022, tiny departments sourced massive amounts of personal protective equipment (PPE), medical supplies, and emergency vaccines and testing kits. Even non-procurement professionals were pulled into the fray, as frantic timelines demanded nothing less.
According to Celeste Frye, co-founder and CEO of Public Works Partners, the crisis brought procurement to the attention of skilled employees who had never considered it. As non-procurement personnel stepped up to help their coworkers, many found that they’d stumbled upon a critical and rewarding job. “Existing public employees have seen the essential nature of the work”, Frye said. “[They’ve] gained some critical skills and possibly [grown] interested in pursuing procurement as a longer-term career”.
Small, Local Suppliers Take Charge
Frye, whose firm helps organisations engage stakeholders and develop long-term procurement strategies, thinks it well worth the effort to open one’s mind to new opportunities. Cooperative contracts, for instance, can help public departments and municipalities save money, time, and effort. By joining together with other towns or cities in the region, public procurement teams aggregate their purchasing power and can drive better deals.
These cooperative contracts have the added benefit of advancing equity. Smaller suppliers that struggle to compete with established firms for government contracts can act as subcontractors, helping big suppliers fulfil bits of the project. Once they get their foot in the door, small, local, and disadvantaged suppliers can then leverage that government relationship to take on additional projects.
Especially as governments start to pay attention to procurement resilience, public procurement departments must expand their requests for proposals (RFPs) to take into account innovative solutions and diverse suppliers. According to Frye, Public Works Partners—a certified female-owned firm—has benefitted from local and state requirements that specify diversity.
Post-Pandemic Funding Swells Procurement Budgets
And the pandemic won’t be the end of it. City governments need to build sustainable energy infrastructure such as solar panels, charging stations, and recycling plants, ensure that masks and medicines are never in short supply, and source new technologies to keep up with cloud and cybersecurity concerns.
Public procurement budgets will likely increase to match demand. As Peter Ware, Partner and Head of Government at Browne Jacobson, explained, “in a non-pandemic world, the [U.K.] government spends on average around £290 billion on outsourced services, goods, and works...anywhere between 10% and 14% of Gross Domestic Product (GDP). Post-pandemic, city procurement will only increase as national governments provide local divisions with emergency funding.
And in truth, government employees might jump at the opportunity. Frye noted that public procurement could give immediate feedback on new programmes: “[Procurement] is where new laws and policies ‘hit the road’ and are implemented”, she said. “Professionals in these fields get the satisfaction of creating real change and seeing quantifiable outcomes of their work”.