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Target costing and target cost evaluation with modern IT methods for purchasing: fast - efficient - transparent.

It will work for you, too, guaranteed.

Huge article inventories and even more master data make it difficult for the purchasing department to achieve the best prices. They fail to see their way through the jungle and run the risk of buying at unfavorable prices without knowing what they are buying. Using target costing and target cost evaluation with modern IT methods for purchasing is a very effective tool. SIMILIA's automated BOM-Compare-Process (BCP) supports the purchasing department in target costing. Shadow costing can also be applied via this process.

Who doesn't know this? The term Industry 4.0 is used on almost every advertising poster in the technology sector. The use of this term has already become very inflationary. Even though Industry 4.0 is a trend that will certainly revolutionize many industrial processes in the next 5 years or so, many people do not know what it is all about. A somewhat clearer understanding of the subject matter would do well to grasp the extent of this development.

Everyone can optimize their procurement process in purchasing. In 3 systematic steps: Consolidate - Structure - Automate.

It will work for you, too, guaranteed.

The traditional image of purchasing and the demands placed on it have changed significantly. The term Purchasing 4.0 is on everyone's lips. The term focuses on the interdisciplinary, networked, and systematic optimization of the entire supply chain. At the same time, operational and strategic purchasing must detach themselves from the technical constraints and dedicate themselves to the core topics. Learn in the following blog how to optimize the procurement process in purchasing - in just 3 steps.

Cost analysis: Figures-data-facts plausibly compiled. Reducing costs without losing performance is an important criterion for turning the right screws.

Cost analysis for entrepreneurs and managers simple and plausible with numbers-data-facts

Based on more than 15 years of experience with medium-sized customers and companies, the 10 most effective ways to make cost savings are summarized. In doing so, the company's performance is not diminished. A plausible cost analysis shows where savings are possible and what potential they have. In doing so, this cost analysis clearly presents the possibilities that are not already overstimulated. SIMUFORM shows examples from practice and plausible figures, which potentials lie fallow in companies.

Digitalization and automation in purchasing, Media discontinuities in the information flow, organization of procurement processes, Big Data, etc. are current terms that management levels of industrial companies are dealing with. But how can set goals be achieved with the implementation of the Industry 4.0 era? There are a variety of possibilities and ways. Where does one start? How and where can one get support? What does one prefer to do oneself? How do we ensure the sustainability of the processes? How does it ultimately benefit purchasing? After all, the data gained only becomes really valuable and useful when we can evaluate it in a targeted and case-related manner. If we sort and condense the enormous amounts of data and information, we obtain a basis on which purchasing can then make decisions more quickly and, above all, in a more targeted manner.

The following article illustrates how important the avoidance of media discontinuities between technology and purchasing, technological know-how, and the internal and external networking of departments will be in the future. Digitalization represents a huge opportunity for purchasing to improve proven processes, even if current processes are still "old school".