Does your business source products and services from global markets?

If your company is sourcing goods and services internationally you could be reaping many benefits. These include access to cheap raw materials and products, tax breaks and reduced labour costs. However, you could also face many challenges when globally sourcing across geopolitical boundaries. Your business could struggle to achieve visibility of its global supply chain. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent. Fortunately, technology is revolutionising the way organisations can process and track every stage of their global sourcing operation.

Do you have visibility of a global supply chain?

If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. One problem your organisation might face is the challenge of how to compare bids from multiple suppliers in multiple currencies. So, how do you solve this problem? Do you rely on spreadsheets to compare factory costs, duties, shipping and other factors that impact on total prices? The problem with spreadsheets is they are not easy to share globally or keep up to date, which means they can be an unreliable source of data.

A better solution to this problem is to utilise cloud based spend management technology. A good cloud based spend management platform (like Claritum) can be accessed 247 from anywhere in the world and can provide centralised visibility over every transaction in real time.

Supply chain visibility is poor

%

of procurement leaders have limited or no visibility beyond their Tier 1 suppliers.

Source: The Deloitte Global Chief Procurement Officer Survey 2018

Global Sourcing Technology

At Claritum we help clients to acheive centralised control over local transactions by tracking every penny of cost from production to fulfilment, duties, shipping and storage. Claritum’s spend management platform enables users to reduce the time spent dealing with suppliers and customers by making repeat ordering and contract management easier to manage. We help clients to onboard large number of suppliers by profiling each according to capability, product service, location, and other criteria. Our Web Services API enables customers to streamline their entire workflow and integrate with buy-side and supply-side software platforms. The platform also automates processes to reduce manual intervention which effectively eliminates re-keying errors and minimises the time wasted on manual processes. Claritum’s powerful global reporting capability ensures that you can access meaningful reports from anywhere at anytime and in realtime.

If you are experiencing problems with visibility in your global supply chain contact Claritum today to find out how we can help you.

Kevin joins the Claritum engineering team

Kevin joins Claritum’s engineering team, as we continue to build up our core development team.
“It’s great to welcome Kevin.” said Prof. Richard Hillum, Executive Chairman at Claritum. “As we continue to grow, we need to continue to invest in our engineering team to support our innovation.”

Claritum Covid-19 Activity

Recent, Covid-19 related orders, processed by Claritum’s system have included identity cards for key workers, nursing process documents, staff handbooks and posters/signs. All these critical Covid-19 related documents/signs ordered through the Claritum system.

Claritum eProcurement in Chinese Language

Claritum processes its first transaction in Chinese   Bath, UK (March 3, 2020) – Claritum, a provider of cloud-based spend management solutions, today announced that the Claritum platform had processed the first of many transactions using a Chinese language...

Claritum to Open Warwickshire Office

Bath, UK (Feb 12, 2020) – Claritum, a provider of cloud-based spend management solutions, is delighted to announce that, in line with the growth strategy, the company will be opening an office at the Warwick Science Park.

Claritum continues to expand

Bath, UK (Jan 22, 2020) – Claritum, a provider of cloud based spend management solutions, today announced further expansion in the team.

Claritum Bath Life Awards Finalist 2020

Bath, UK (January 16th, 2020) – Claritum, a provider of cloud based spend management solutions, today announced that Claritum has been recognised by Bath Life Awards as a rapidly growing company in the technology and innovation space.

Canon Business Services extends Claritum contract

Bath, UK (December 18th, 2019) – Claritum, a provider of cloud based spend management solutions, today announced that Canon Business Services has extended their contract with Claritum for a further 3 years.

Claritum releases “order window” capability

Bath, UK (December 5, 2019) – Claritum, a provider of cloud based spend management solutions, today announced the inclusion of “Order Window” functionality for their product.

Claritum appoints Pearson May to drive next phase of growth

Bath, UK (November 26, 2019) – Claritum, a provider of cloud based spend management solutions, today announced a change of accountancy firm to Pearson May in Bath. “This change is fundamental for our next phase of growth.” said Prof. Richard Hillum, Executive Chairman...

Claritum hosts KTP Management Committee meeting

Bath, UK (Nov 6, 2019) – The committee that oversees the Knowledge Transfer Partnership (KTP) between Bristol University and Claritum met this week at the Claritum offices

Pin It on Pinterest

Share This