MeRLIN- Strategic Sourcing Simplified

Automating and Infusing Intelligence into your Source to Procure Processes

Why Your Business Needs Strategic
Procurement Software?

Looking at your sourcing function more strategically ensures that you can consistently add value to the business. Adopting Strategic Sourcing increases operating margins, builds brand value and provides a sustainable, long-term contribution to your company’s success at least two to three times greater than the gains realized by simple purchasing automation. MeRLIN is the go-to solution to simplify the complexities of Strategic Sourcing. 

Bring Strategy to your Procurement with the
Best Procurement Software

Streamline and Optimize your Purchasing Processes through Strategic Sourcing and eProcurement

MeRLIN is an integrated sourcing solution to manage your Direct & Indirect Procurement needs with Supplier Relationship Management, eSourcing and Planning augmented by Advanced Analytics. Simplify your strategic procurement through extensive automation and enhanced collaboration by bringing together all stakeholders on a single intuitive platform. 

Features of MeRLIN Strategic Sourcing
and Procurement Solution

Source to Procure

Category Management

Create, Manage and Map Categories, Execute Sourcing Strategy

Supplier Relationship Management

Register, Onboard and Manage Suppliers Reducing Cycle Time

Strategic Sourcing

Manage the Complete Lifecycle from RFx to Sourcing

Contract Management

Manage Contract Repository, Never Miss a Critical Milestone

Requistion to Award

Requistion Management

Spend, Manage User & System Generated Requisitions

Award Management

Manage Awards efficiently with Workflows and Expectations

Case Study

How RheinBrücke Strategic Sourcing Solution, MeRLIN helped a global automotive Tier 1 Supplier deliver strategic value to its customer.

Suppliers

0

Sourced

1 Billion +
Support

Used Across

1 locations
Support

Webinars and Blogs

Make your supply chain smarter to Deal with Challenges & Risks

How COVID-19 will change the design planning & operation of global supply chains

Panel Discussion : Agile Procurement Practices in Dynamic Business Scenarios

Frequently Asked Questions

What is Strategic Sourcing?

Strategic Sourcing is an approach to supply chain management that rationalizes and improves the procurement activities of an organization with the use of tools, techniques and data analytics to find the best value. The strategic sourcing or strategic procurement process includes spend analysis, market & supplier analysis combined with effective sourcing, contracting and negotiating of terms to form the ideal supplier base for an organisation. MeRLIN strategic sourcing solution can simplify the complexities associated with strategic procurement through extensive automation and out-of-the box analytics that improve decision making.

What is the difference between Sourcing, Procurement and Purchasing?

Procurement: Procurement is the business process that deals with acquiring products and services for an organization and is usually viewed as a tactical function. Procurement is a broader concept encompassing multiple processes – sourcing, contract management, requisitioning, purchasing, payments, analysis, and supplier management.

  • Sourcing: Sourcing is the procurement function responsible for finding the right supplier for meeting the organization needs and is viewed as a ore strategic function. It starts with identifying internal requirements and focuses on researching suppliers, running sourcing events, evaluating responses, and finally making decision based on factors influencing total cost of ownership including unit price, quality and discounts, timely delivery, risk etc.
  • Purchasing: Purchasing is the activity that covers the transactional aspects of the procurement cycle including ordering goods, invoicing, receiving goods, making payments, etc.

What are the benefits of Strategic Procurement?

Strategic Sourcing provides organizations with a number of benefits, especially if they implement a strategic procurement software. It enables organizations to leverage its consolidated purchasing power to find the best value. By bringing a strategic approach to purchasing activities, procurement leaders can ensure that they purchase goods at the best total cost of ownership. The most important benefits of strategic sourcing are:

  • Cost reduction: By choosing the right supplier that offers maximum value, the overall cost of procurement of the organization will be reduced, products can be priced competitively and profits can be increased.
  • Better supplier relationships: Enhanced communication with suppliers in strategic procurement helps form long and sustainable relationships with the suppliers of the organisation.
  • Risk Management: Strategic procurement considers elements beyond the cost of materials. It analyses supplier markets, supplier flexibility and innovation, to mitigate potential risk factors.
  • Stable Supply Chain: With good supplier relationships, the current and the future supply requirements of the organisation is taken care. There will not be a situation where the organisation faces a shortage of supply.

What is the difference between eSourcing software and eProcurement software?

An eSourcing solution is a system that facilitates the business process of finding, evaluating, selecting and collaborating with potential suppliers through an online platform. It also includes all the analytical aspects of identifying savings, value, risks etc.

An eProcurement solution, on the other hand is an enterprise system that enables buyers to place orders, purchase goods and complete business transactions using an online platform.

What is P2P? What is S2P? What is the difference between Procure to Pay(P2P) Solution and Source to Pay(S2P) Solution?

Procure to Pay Solution – A P2P (Procure-to-Pay) software is a system that supports the procure to pay processes that begins with the requisition of goods or services and ends with payment of invoices. It involves four stages namely: selecting & placing an order for goods and services, meeting compliance requirements, collecting delivery and invoice payment.

Source-to-Pay Solution – An S2P(Source-to-Procure) software, also referred to as Source-to-Settle (S2S) software is an end-to-end procurement solution supported by strategic sourcing, spend management and supplier management. It extends beyond procure to pay and includes evaluating and choosing best vendors, negotiating deals with the right vendor and forming sustainable supplier relationships and facilitating value-based sourcing.

What are the capabilities of MeRLIN for Strategic Sourcing and Procurement?

MeRLIN is an integrated strategic sourcing solution designed to manage the direct and indirect procurement needs of an organisation through effective supplier relationship management, eSourcing and advanced analytics. MeRLIN Strategic Procurement Software has features to cover the upstream activities of procurement including strategic sourcing, contract management, supplier management and procurement analytics as well as purchase order creation & order expediting. It has solutions for Category Management, Supplier Relationship Management, eSourcing (RFx and eAuctions), Contract Management, Requisition Management, eProcurement and Receiving.

STEVIE Gold Award for

Best New Product of the Year - Supply Chain Management Solution

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