The primary difference between procurement and strategic sourcing is that, while in traditional sourcing or procurement, the focus is primarily on the cost per unit, strategic sourcing evaluates the best possible value and Total Cost of Ownership with a view to optimizing the supply process by developing long-term, mutually beneficial partnerships with suppliers. In essence,… Continue reading How is a strategic sourcing solution different from an e-procurement software?
Strategic Sourcing involves a systematic approach to sourcing by gathering and evaluating information about an organization’s buying requirements (total demand) combined with information about suppliers’ marketplaces as well as individual vendor performance. Unlike in traditional sourcing, the main emphasis in strategic sourcing is on reducing the Total Cost of Ownership (TCO) instead of focusing efforts… Continue reading What is the strategic sourcing process?
A strategic sourcing software helps deployment of industry best practices in sourcing besides enabling greater levels of automation of your sourcing activities and helps simplify complexities of strategic sourcing. The major benefits of a strategic sourcing software include – Increased visibility to sourcing processes and spend data – Better supply risk management – Shorter sourcing… Continue reading What are the benefits of strategic sourcing software?
Strategic sourcing is critical to a company’s cost structure and competitiveness. It also assists in improving the value-to-price ratio by decreasing costs and increasing the service quality on a continual basis. Strategic sourcing helps an organization by: Efficient cost management and savings: Both buyers and suppliers can gain from strategic sourcing. For purchasers, it’s advantageous… Continue reading How can strategic sourcing help my organization?
RFI: “Request for Information” is a preliminary document utilized by firms who don’t know the market they’re intending to join. Thus, RFI is more of a fact-finding document where the organizations can ask open-ended questions that allow the vendor to discuss its whole range of products. Typically, the RFI would outline the broad business issues you… Continue reading What is RFP, RFQ and RFI?
An e-auction or an electronic auction is a procedure in which a firm looking for some goods or services issues request for bids and providers can then submit their best price proposals online. The procedure starts with a brief survey to collect essential information from suppliers. Once the buyer has compiled a shortlist of suppliers,… Continue reading What is an e-auction and when should I use it?
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.
