As we all know, procurement is the end-to-end process of acquiring third-party goods and services and making them available at the right place, right time and in the right quantity and quality. The traditional procurement techniques rely on cumbersome manual processes. One typical scenario is of procurement buyers searching manually numerous supplier catalogs without being… Continue reading What are the major differences between traditional procurement and digital procurement?
eSourcing or Source-to-Procure (S2P) is the process that creates supply channels that procurement teams use to acquire supplies for the organization. It comprises efforts to create and maintain a supply base ideal for the organization’s needs by vetting suppliers and maintaining supplier relationships. Hence, Source-to-Procure involves all the upstream activities starting from spend analysis, category… Continue reading What is the difference between eSourcing (S2P) and eProcurement (P2P)?
Source-to-Pay function is a procurement process that involves identifying and analyzing suppliers, negotiating with suppliers, awarding contracts, managing supplier contracts, ordering supplies and eventually releasing payments after accepting the delivery of the products. Automation of the source-to-pay process offers several advantages such as making the procurement process more efficient, simplifying supplier management, reducing maverick expenses,… Continue reading Why should I automate my Source-to-Pay (S2P) function?
An ERP stands for Enterprise Resource Planning system. It is used to manage business processes that are designed to enhance operations that connect many aspects of the company. Typically, the objective is to combine operations, like planning, finance, supply chain management, HR, inventory management and CRM into a single integrated system. However, when it comes… Continue reading How are e-procurement systems different from ERPs?
Procurement digital transformation across the complete supply chain enables digitization of end-to-end processes from gathering and reviewing data on sourcing needs to promoting supplier relationship management to ensure quick and efficient procurement of goods and services. Here are the top 6 advancements that are defining digitalization in procurement strategies: Automation: BPA (Business Process Automation) and… Continue reading What are the new advancements in digitalization in procurement strategies?
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.
