Procurement & Finance in Supply Chain Management

"Innovative, application-orientated concepts and solutions for an optimized commercial management of the Supply Chain and the linkage of material and financial flows"

Procurement & Finance in Supply Chain Management

Fraunhofer IML introduces »Procurement 4.0 Check« at 51st symposium on purchase and logistics

The Procurement 4.0 Check, developed by the Fraunhofer IML, was presented to an expert audience at the 51st BME symposium on purchase and logistics in Berlin. Many procurement representatives from various industries visited the Fraunhofer IML booth to test the new Fraunhofer Procurement 4.0 Check app. Their response indicates clearly: Companies are searching for orientation and answers for a proper alignment of their procurement organization in times of digitalisation.

Procurement as part of industry 4.0 has to face many new challenges. Networking, innovations, data analytics and not least new business models, are only some of the topics that procurement has to confront. In doing so, and in the meantime finding the right answers, procurement has a unique chance in digitalisation to answer the call for a more strategic role within the company. A conclusion supported by the preliminary study „Digitalisation of Purchase – Procurement 4.0“, conducted by the Fraunhofer IML in cooperation with the BME. The results of this joint effort were also the foundation for the Fraunhofer Procurement 4.0 Check and the corresponding app.

During the execution of the check, qualitative and quantitative success factors of procurement are questioned systematically. By means of a gap analysis the substantial fields of activity regarding industry 4.0 are identified and made transparent. At the same time, the most relevant key performance indicators for procurement are examined. The result is a visualized complete overview, as well as the specific fields of action for the future development of procurement. Therefore, the Fraunhofer Procurement 4.0 Check serves as the basis for establishing an individual roadmap for the implementation of industry 4.0 in procurement.

For more detailed information on the Fraunhofer Procurement 4.0 Check, please contact
Dr. Axel T. Schulte.

Fraunhofer IML introduces Procurement 4.0 Check
© Photo Fraunhofer IML

Fraunhofer IML introduces Procurement 4.0 Check

Fraunhofer Procurement 4.0 Check

Your Roadmap to Procurement 4.0

 

 

 

 

√ Identify strengths and weaknesses

√ Successfully determine potentials

√ Match your current digitalisation strategy

√ Receive new innovation impulses

√ Lay the foundation for your digitalisation roadmap

 

 

 

√ Stärken und Schwächen identifizieren

√ Erfolgreich Potenziale ermitteln

√ Ihre derzeitige Digitalisierungsstrategie abgleichen

√ Neue Innovations-Impulse erhalten

√ Basis für Ihre Digitalisierungs-Roadmap legen

Fraunhofer Procurement 4.0 Check

Latest Topics

Procurement & Finance in Supply Chain Management

Research project SOFiA
© Photo Fraunhofer IML

Research project SOFiA

Integration of Smart Objects and Smart Finance

Business Case Calculator
© Photo Fraunhofer IML

Business Case Calculator

For innovative business models

Industry 4.0 in Procurement
© Photo Fraunhofer IML

Industry 4.0 in Procurement

Procurement 4.0 - Research Study on the digitalization of procurement

Procurement Check 4.0
© Photo Fraunhofer IML

Procurement Check 4.0

Starting point for the implementation of Industry 4.0 in procurement

Services

 

Practical implementation

Management of Industry 4.0

Based on the questions “What are the benefits of Industry 4.0 for my company and how can an implementation be achieved?” are we working together with selected industrial partners to find answers to questions referring to the management of Industry 4.0. We use our Business Case Calculator for the evaluation of innovative business models.

 

Synchronization of financial and material flows

Financial Supply Chain Management

The Financial Supply Chain considers financial flows within the whole supply chain in order to identify saving potentials for manufacturers, suppliers and financial providers. Therefore we further investigate in the fields of Supply Chain Finance and Smart Finance.

 

Bridging the Gap

Smart Finance

Smart Finance is working on the alignment of financial and material flows. The use of new technologies for the digitalization of financial flows such as Smart Contracts and Blockchains or Smart Payment (B2B) for digitizing transaction processes provides substantial advantages for companies that are working in the field of Smart Finance.

 

Ensuring Liquidity

inclusive Supply Chain Finance

Inclusive Supply Chain Finance (iSCF) is a relatively new tool for Financial Supply Chain Management. iSCF releases liquidity tied-up in the Supply Chain and creates advantages for all players along the value chain.

 

Innovative measuring and control elements

KPIs / Smart Analytics

KPIs are used for the support of decisions as well as the management and control of activities within companies. The usage of Smart Analytics can help to select relevant data for the business management in order to e.g. increase the efficiency in procurement.

 

Procurement as strategic competitive factor

Procurement Engineering

Procurement Engineering focuses on the analysis of quantitative and qualitative performance data as well as the identification of saving potentials. The benchmarking of quantitative and qualitative data for internal and external reasons is another part to e.g. increase the competitiveness of individual companies.

 

Industry 4.0 in procurement

Procurement 4.0

Procurement plays an important role in the implementation of Industry 4.0. It interacts with nearly all internal departments and external partners of the entire supply chain. Without any doubt, procurement has a high responsibility for the entire company.

The current study "Digitalization of procurement – Procurement 4.0" gives a first guidance for the implementation of Industry 4.0 in procurement organizations.

 

Proactive management of supply chain risks

Supply Chain Risk Management

Tools – based on software, which help the user to identify risk causes, visualize and evaluate them, are the main tasks for the Supply Chain Risk Management. In addition the consequences of risks are evaluated and compared with potential countermeasures in order to ensure an efficient risk management.

Research Projects - Publications - Team