Panasonic, a leading electronics manufacturer, faced a significant challenge in managing its procurement process. The company had a complex supply chain and relied on a large number of suppliers to provide it with the raw materials and components it needed to manufacture its products. This therefore made it difficult for the company to track its procurement spend, resulting in high costs and inefficiencies.
What solutions did Panasonic implement?
To address this challenge, Panasonic turned to B2BE, a leading provider of supply chain solutions. B2BE’s platform offered Panasonic end-to-end visibility into its procurement process. As a result, this enabled it to identify opportunities for cost savings and process improvements. The platform also enabled Panasonic to automate many of its manual processes, reducing the risk of errors and delays.
With B2BE’s solution in place, Panasonic was able to streamline its procurement process and reduce costs. The company was able to identify and eliminate duplicate invoices and reduce the time it took to process invoices. Consequently, this led to significant cost savings and improved cash flow for the company.
Panasonic’s partnership with B2BE has been a great success, with the company seeing a significant improvement in its procurement process and bottom line. The platform has enabled Panasonic to optimise its operations and focus on its core competencies, while leaving the procurement management to B2BE. Fortunately, this platform provided Panasonic with the tools it needed to streamline its procurement process, reduce costs, and improve its bottom line.
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About B2BE
B2BE delivers electronic supply chain solutions globally, helping organisations to better manage their supply chain processes, providing greater levels of visibility, auditability and control. We’re driven by a passion for what we do, inspired by innovation, and underpinned by a wealth of knowledge. With over 20+ years of experience, the B2BE teams operate worldwide.
For more information, visit www.b2be.com.