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Strategic Sourcing

Strategic sourcing in the chemical sector has shifted from a daily, transactional focus to a more strategic approach requiring deeper insight into a broader array of information across the enterprise. The driver behind strategic sourcing is the need to create a way of more effectively managing purchasing across the enterprise to mitigate business risk and increase profit margins.

Enterprise Content Management (ECM) technology allows dispersed purchasing departments in different business units to act in unison.  It centralizes and manages unstructured information, enabling reporting and eliminating evergreen contract renewals. It enables chemical concerns to automate business processes and helps ensure that governance, risk, and compliance (GRC) mandates are in balance with efficient purchasing goals.

Open Text solutions for strategic sourcing deliver this functionality with the following components:

• Software: Document Management & Collaboration, Livelink ECM - Contract Lifecycle Management, Extensions for SAP Solutions

Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.