Procurement teams face administrative burdens such as data entry, order processing and supplier management. Scale’s procurement automation tools help alleviate these, allowing teams to streamline processes and focus on strategic initiatives.

Research shows that procurement automation can lead to a 30-50% reduction in administrative tasks, while Deloitte’s 2023 Global CPO Survey reports companies achieving cycle time reductions of up to 50% through automation.

Expected Impact on Procurement KPIs and Outputs:

1. Procurement Cycle Time Reduction: Automation can reduce procurement cycle times by 50%, enabling faster decision-making and supplier onboarding.
   • Output: Faster contract approvals and supplier prequalification.
2. Cost Efficiency: According to The Hackett Group, procurement automation can lead to a 30% reduction in operational costs due to fewer manual errors and more streamlined workflows.
   • Output: Lower operational costs and more efficient resource allocation.
3. Compliance and Transparency: Automation ensures 100% compliance, providing an auditable trail of procurement decisions and activities, as indicated in a PwC study on procurement digital transformation.
   • Output: Digitally stored, auditable records for due diligence, reducing compliance risks.
4. Supplier Management Improvements: Studies indicate that automation improves supplier relationship management by enhancing communication, reducing response times by 40%, and improving performance tracking.
   • Output: Quicker supplier responses, stronger relationships, and enhanced tracking.
5. Error Reduction: Automated processes reduce manual errors by up to 90%, as reported in the Ardent Partners Procurement Metrics Survey, leading to fewer discrepancies and more accurate data handling.
   • Output: Reduced contract and order discrepancies, higher data accuracy.
6. Employee Productivity Boost: With 90% of repetitive tasks automated after initial setup, teams experience a substantial increase in productivity, freeing time for strategic sourcing and innovation.
   • Output: Procurement teams operate more efficiently, driving value through innovation.

Key Automation Features of Scale:

• Template Creation: Once you’ve created a request or document template, you can reuse it across multiple procurement projects.
• Real-Time Notifications: Stay updated on approvals, contract renewals, and key milestones without manual tracking.
• Supplier Management: Scale keeps all supplier information in one centralized location, meaning repetitive data entry is eliminated.
• Document Storage: Securely store and access all procurement-related documents, cutting down the time spent searching through files.

By automating procurement with Scale, organizations can expect tangible improvements in procurement KPIs, such as reduced cycle times, lower costs, enhanced compliance, and improved supplier management.

Scale’s procurement automation tools ensure smoother processes, contributing to the overall success of your procurement function.