GEDORE Optimizes Global Procurement with JAGGAER eProcurement Solution Suite
- Contract Management
- Press Release
RESEARCH TRIANGLE PARK, NC – August 14, 2018 – JAGGAER, the world’s largest independent spend management company, today announces that GEDORE, a leading global provider of premium tools, has successfully implemented JAGGAER’s eProcurement platform and Contract Management solution to optimize and automate the procurement of indirect materials.
With more than 16,000 products, GEDORE offers the widest range of tools of any other privately-owned manufacturer in Europe, and the company is represented in 70 countries worldwide.
GEDORE required a digital solution that could enable its global procurement network to process purchase orders for C-parts and services more efficiently, and improve contract management. By optimizing its transactional processes, GEDORE has already benefited significantly from increased transparency and efficiency in Procurement, and can now concentrate on pushing further digitalization within the company.
During phase one of the optimization project, GEDORE focused on restructuring and digitalizing its transactional processes. Within months of implementation, roughly 60% of purchase orders for indirect materials are being processed via the JAGGAER platform, and the number is increasing. Buyers can now submit free-text or catalog orders, which are then transferred automatically to the company’s Infor ERP system.
GEDORE has also achieved improved oversight of its contracts with the JAGGAER Contract Management tool, which also features a unique function that monitors the effects of currency fluctuations. If the exchange rate fluctuates to a trigger point, GEDORE and its suppliers can renegotiate prices and terms. GEDORE has already benefited from the increased efficiency and transparency in purchase order and contract management for indirect materials, and plans to expand its digital solution with additional JAGGAER modules in the future.
“Aside from our ERP system, we had little additional software support in procurement. Our purchase order processes for indirect material were almost entirely paper-based and we processed an average of 10,000 purchase orders manually each year, which cost us significant time and effort. We wanted to modernize our procurement processes, and with the JAGGAER solution, we have been able to optimize the entire purchase order workflow, reduce inventory within the category of C-materials, and establish a complete overview of all our contracts in the Contract Management tool,” explains Marc Frantzen, Strategic Purchasing Manager at GEDORE.
“GEDORE is an example of a forward looking manufacturing company that is taking advantage of JAGGAER’s industry focused solutions to innovate within their business. We are increasingly seeing companies move away from manual, analogue based processes to embrace the power of cloud based SaaS solutions. Evolving is a matter of survival for businesses,” Rob Bonavito, CEO JAGGAER.
About JAGGAER: Global Source to Pay Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with nearly 2000 customers connected to a network of 3.7 million suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia, and the Middle East. JAGGAER offers complete SaaS-based Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and analyzing the market. Our solution suites are trusted by the world’s largest manufacturing, education, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations.
GEDORE is one of the world’s leading specialists for premium tools. The family company has been manufacturing high-quality tools since 1919. With more than 16,000 products, GEDORE offers one of the widest range of any European tool manufacturer. All over the world, GEDORE stands for high quality, innovative strength, high performance and reliability as well as excellent service. The internationally successful company based in Remscheid employs more than 2,300 people at its six German sites as well as production facilities in Brazil, England, Austria and South Africa. GEDORE is represented in more than 70 countries throughout the world. The GEDORE Group includes two product lines – GEDORE and GEDORE red as well as the premium brand OCHSENKOPF – a traditional specialist in forestry tools.