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Tacit's Collaboration Solution for Procurement
Buying-related activity in the enterprise can be divided into two categories:
- Procurement activity: This refers to the part of the procurement process that is defined, monitored, managed or controlled by the global procurement function.
- Pre-procurement activity: This refers to all activity that occurs before formal procurement decisions, including the exploration/establishment of vendor relationships by non-procurement professionals, the exploration of new categories, the collaboration that takes place before procurement activity begins, the planning that affects future procurement, etc.
Tacit extends the reach of procurment into the enterprise by uniquely addresses two important challenges that arise from the lack of visibility of the procurement organization into pre-procurement activity:
| The Challenge |
Attaining The Maximum Possible Leverage With Strategic Vendors
Every enterprise has strategic vendors that account for significant spend and carry high switching costs. In most large organizations, however, it is difficult to attain the maximum possible leverage with these vendors because it is simply impossible to determine who within the enterprise is talking to/about the vendor at any one time and who has plans that might influence the vendor relationship. |
Efficiently Assuring Complete and Correct Vendor and Product Assessments
In large organizations, new vendors and products are constantly being proposed and evaluated, often in duplication. Existing vendors are continually re-evaluated, as markets changes and internal requirements evolve. Critical Important information about a vendor, product, or service is often scattered throughout the organization, prohibitively expensive to locate and include in decision-making. |
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| The Solution |
Tacit provides procurement professionals with a way to identify and collaborate with those people who are talking to or talking about strategic vendors at any one time. This allows the procurement team to consolidate the organization’s knowledge, relationships, experience and future plans with strategic vendors to guarantee the maximum possible leverage in vendor negotiations. |
Tacit provides a way for managers to assess vendors and products using the knowledge and experience of the entire buying community, including the global procurement team. This can immediately reduce the number of duplicate assessments and allow buyers to learn the complete consequences of past buying decisions.
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| The Benefits |
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Allows the procurement and/or strategic sourcing team to achieve greater power over strategic vendors in selection and negotiation. |
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Prevent duplicate assessments of the same vendor/product. |
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Guarantee that all relevant information is discovered and applied to a decision. |
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Retain information about previous vendor/product decisions, both positive and negative. |
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With Tacit ActiveNet, informal activity related to procurement can be harnessed and used for the benefit of the procurement community and the organization. Let us show you how ActiveNet is helping companies save millions of dollars each year by addressing the problem of disconnectedness in the procurement process.
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