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 terms… Continue reading What is Strategic Sourcing?
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 core strategic… Continue reading What is the difference between Sourcing, Procurement and Purchasing?
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… Continue reading What are the benefits of Strategic Procurement?
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… Continue reading What is the difference between eSourcing software and eProcurement software?
MeRLIN is a comprehensive Supplier Relationship Management (SRM) software that streamlines supplier onboarding, compliance tracking, and lifecycle management. It features an intuitive self-service portal and rule-based automation to accelerate registration, document submission, and regulatory verification. Country- and category-specific business rules ensure suppliers meet internal and external compliance standards. This reduces onboarding time, minimizes errors, and… Continue reading What is MeRLIN Supplier Management Software and how does it improve onboarding?
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… Continue reading What are the capabilities of MeRLIN for Strategic Sourcing and Procurement?
Vetri celebrated three years as CEO of MeRLIN Sourcing in June 2023. His vision spearheaded the transformation of the company internally through modernization and HR transformation and externally with the promise of delivering value to customers and putting them at the heart of the MeRLIN Sourcing business and product development strategy.
Vetri built his career in global software businesses over the last decades. Seasoned professional with a global perspective, spanning the Americas, Europe, and Asia, and a diverse industry background across EPC, Defense, manufacturing, automotive, and life sciences industries.
A firm believer in the principles of doing well by doing good, he won his two awards as the IT Executive of 2014-2015 and 2016-2017 in Europe. He is a highly regarded global thought leader in the IT and cloud software industries and is an active investor/advisor for emerging companies. He is known as a leader who builds and motivates world class teams, champions diversity, and exudes a deep passion for how technology can transform the workplace and empower individuals.
Dr. Werner Breuers completed his studies in chemistry at the RWTH Aachen University with a doctorate. He began his professional career in 1989 as a chemist at Hoechst AG in Frankfurt in the research and development department.
After managerial positions at Hoechst AG, Dr. Breuers took over management of the license and catalyst business at the polyethylene manufacturer Elenac GmbH in Kehl in 1999, which became part of the Basell group a year later. As a member of Basell’s Executive management team, he headed the global Technology Business division based in Milan and most recently served as President of Basell Polyolefins Europe based in Amsterdam.
Dr. Breuers has also been a member of the Board of Management of LANXESS AG since May 14, 2007 and was responsible for the Performance Polymers and Advanced Intermediates business units. His responsibilities and strategic operations also include the functional areas of Global Procurement & Logistics, Innovation & Technology and Industrial & Environmental Affairs. He has been board of several other companies and has also served as trustee of RWTH Aachen University and currently advising and supportinfg the growth of MeRLIN Sourcing in Europe.
Oliver Scheffert is an experienced entrepreneur with a successful completed doctoral program in business administration and a master’s degree in International Business Studies. He held management positions at Microsoft for nearly 13 years, receiving prestigious awards for exceptional leadership and results like the Circle of Excellence Platinum Award. Notably, Oliver led the ISV business unit in Germany to a billion-dollar revenue stream.
He later served as the General Manager/Managing Director at Aparavi Software Europe GmbH and recently founded CNSLT Partners GmbH, a strategy and management consultancy, leveraging his extensive specialist knowledge to help IT companies achieve lasting success.
