Discover and Launch New Procurement Opportunities
Become forward-looking with a central place to collaboratively propose, prioritize, and intake your next wave of procurement and sourcing initiatives.
Don’t Let Great Ideas Get Lost…
Improving procurement performance should be a team sport. Together with spend category stakeholders and finance, procurement should be able to easily gather and review new project ideas aimed at generating new savings and meeting strategic business and ESG goals. But without the right intake solution, ideas are kept in many different places and formats, sometimes following different process – and some ideas are never captured at all.
From Ideas to Initiatives
Using Opportunities in SpendHQ’S Procurement Performance Management (PPM) software solution, your team and stakeholders can continuously register, review, and approve new value-driving sourcing projects to add to your pipeline. Users can also create opportunities directly from spend intelligence insights and other sources. Once a project is approved, you track and measure it through completion in PPM, with full transparency.
The Seeds for Your Procurement Plan
You ensure new value-generating ideas are consistently captured and reach decisions, without cluttering your official pipeline reporting.
Improve the intake of great initiative ideas and optimize your process.
Speed Time to Action
Store and categorize initiative proposals in a central, standardized place.
Review, consolidate, and prioritize collaboratively, factoring in resources, deadlines, and goals.
Key Features of Opportunities
Give access to your extended team of buyers, spend category owners, and others to contribute and assign actions.
Integrate with E-Sourcing
Send approved projects immediately to your sourcing tool to launch while it’s tracked and measured in our active Pipeline view within PPM.
Configure for Your Needs
Define workflows and custom tagging to document necessary approvals, capture feedback, and organize projects.
Indirect Purchasing ManagerLe Bon Marché (LVMH)
We save so much time and effort in coordinating and collaborating with all the departments. It is really one of the best solutions to develop our procurement organization one step at a time, while benefiting immediately from useful insights that are generated through our daily operations.