Intellect Digital Technology for Commerce | iDTC’s Post

The 2024 Supplier Perception and Performance (SPP) Survey is running and indysource is engaging with the Members to increase the number of participants. More than 20 indysource Members have already completed the Survey and provided their feedback on the Supplier Perception and Performance.       This industry-defining survey helps us understand how the Independent Sourcing Advisors and Professionals perceive the Suppliers in our Supplier Panel and how these Suppliers perform in deals and tenders. The results will be analysed and presented in the industry-leading #indysource Insights Report - Supplier Perception and Performance (SPP).    Share your insights on the Supplier Panel in the SPP 2024! Your valuable feedback shapes future relationships and benefits you in these ways:    🔍 Gain 360 feedback on our Supplier Panel to enhance your client collaborations.   📊 Get early access to the indysource SPP Report, understanding how peers perceive the Supplier Panel. 📈 Elevate your client interactions with refined insights into Supplier Panel operations.   🛠️ Suppliers can improve approaches with Members and Clients through your feedback.    Don't miss out on influencing change! Click below to request access to the survey👇 #IndependentSourcingAdvisor #SourcingProfessional #SupplierPanel #PerceptionandPerformance #SPP 🚀   

🚀 Reminder: Don't Miss Our Webinar on July 10th! 🚀 Join us for an insightful "Maximize Your Sales with KometPayments" session on July 10, 2024, at 2 pm EST. 📅 Register now and take the next step in elevating your business operations! Don't miss this chance to gain valuable insights and practical tips. 🔗 Register Here - https://lnkd.in/gaybTt_t Looking forward to seeing you there! #Webinar #BusinessGrowth #KometPayments #FinancialOperations #SuccessStories #Efficiency

🚀 Maximize Your Sales with KometPayments - Join Our FREE Webinar! 🚀 We're thrilled to invite you to our upcoming webinar, "Maximize Your Sales with KometPayments," on July 10, 2024, at 2 pm EST. Meet Our Speakers: Felipe Mesa, Dave Sack, and George Velez. These industry experts will guide you in discovering how to: ✨ Streamline Payment Processes: Simplify and optimize your financial operations with KometPayments. ✨ Unlock Key Features and Benefits: Leverage powerful tools to accelerate your business growth. ✨ Implement Best Practices: Gain practical tips to enhance the efficiency and effectiveness of KometPayments. ✨ Learn from Success Stories: Hear inspiring real-world examples of businesses achieving remarkable results. Don’t miss this opportunity to gain valuable insights and practical tips to elevate your business operations with KometPayments. Register Now: https://lnkd.in/gaybTt_t Looking forward to seeing you there! #Webinar #KometPayments #Sales #BusinessGrowth #FinancialOperations #BestPractices #SuccessStories #KometSales

"Merchants", "Importers", "Logistics Experts", "Customer Service Obsessives". Floral importers and wholesalers wear a lot of hats, but financially speaking they are Banks, providing credit to flower buyers on 30 and 60 day terms. With limited capital, the faster they collect, the more they can sell and the faster they can grow. KometPayments helps floral credit managers collect payments faster while providing a better experience for buyers (driving more repeat business!). Join our webinar to see how KometPayments makes credit managers growth champions.

Bad Analytics: Avoiding Spend Analysis Traps for Metal Procurement Most larger procurement orgs have access to “spend analysis” technology. And every single consulting firm that does cost takeout for clients does some type of spend analysis and prioritizes projects by dollars spent or overall commodity volume/dollars by category. But these approaches can easily lead you down the wrong path for metals spend. It’s not about the surface level data. Pareto-driven approaches (which often work for indirect and services spend, and even some direct categories) do not work for metals. Why? Current approaches focus on the biggest volume categories vs. those which can drive the greatest savings. And a spend cube is often a red herring for where the value is. In practice, often the largest savings potential is in smaller categories with higher margins. Surface level insights cause you to miss out on the bigger opportunity for savings that lie under SKU or line-level data that is not part of a spend cube or excel model. Here’s how to fix it. One way is in your Excel, BI or spend cube environment, include the underlying data sets that drive the line level detail that actually matters to your savings and cost management efforts and benchmark against the actual market. These include: Form Grade Alloy Regional/local price points Then understand price benchmarks based on detailed should-cost workups. A second way is so obvious but worth sharing - focus on the metal categories that are more expensive at the unit or each level. Aluminum tends to have more price compression opportunities than say carbon steel. It’s not always true in every case but sometimes a smaller stainless spend will yield greater savings than a larger carbon steel spend. What do you all think? And don’t forget to sign up for our weekly newsletter where we share metal price trends and tips on metals based sourcing: https://lnkd.in/eDYjDrbq

Pro Tip for Direct Materials Spend Analytics and Sourcing: The Real Gold Deposits Are Always Under the Surface (Metals Procurement Pun Intended!)

Curious about how you should go about assessing your procure-to-pay (P2P) process? You’re in luck! Tomorrow at 11:00 AM EST, RPI’s Daniel Farruggio and Stephanie Marquez, MBA will share how to prepare for a P2P assessment, including what to look for, where to begin, and what to expect after. This is a great opportunity to begin optimizing your P2P process. Tap the link to save your seat and see ya tomorrow >>> https://hubs.la/Q02vS7jh0

🚗 Are high interest rates getting your shoppers down? Don't let financing roadblocks stall your sales! Our innovative pre-qualification solution will show you how much customers can afford to spend, helping you focus on deals that won't fall apart in the finance office. Book a demo to see AV Pre-qualify in action today: https://lnkd.in/g5ZFiKjz #AutoVerify #AutomotiveMarketing

Over the last few months, we’ve seen countries change their stance on net price transparency 👀 In Spain, we saw new laws requiring the release of net prices whilst in Germany there was talk of making prices more confidential 🤔 Given these changes, we wanted to gather your thoughts on who you thought would be the most impacted stakeholders from increased net price transparency. So, over the last week we posted a poll, which generated a lot of traction! Specifically: 👉 28% of voters believed net price transparency would most impact patients in low- and middle-income countries (LMICs). 👉 6% of voters believed net price transparency would most impact patients in high-income countries (HICs). 👉 56% of voters believed net price transparency would most impact manufacturers. 👉 11% of voters believed net price transparency would most impact payers.   In truth, net price transparency has the potential to impact each listed stakeholder in different ways. It could negatively impact the access of vital treatments to patients in LMICs. It could also lead to further downward pressures on price that could influence manufacturers’ R&D capital required to develop life changing innovative treatments. In our 2024 World EPA poster, we explored the potential risks and benefits, and the winners and losers from opening Pandora’s Box that is net price transparency. Click the link to download our poster: https://lnkd.in/dyzV75cW

Serious business owners need to be looking ahead... Web 2.0 is no longer a viable option for business owners. Web 3.0 is where the money is at. Watch the video (8min) and comment for the link. It's currently by invite only, video explains why.