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Catalog Filtering refers to the process of narrowing down available items in a procurement catalog to meet specific criteria, allowing users to efficiently find products or services that match their requirements. This involves applying filters such as price range, supplier, category, or product specifications to streamline selection and enhance procurement efficiency.
Key Benefits
– Streamlined sourcing process: Catalog filtering allows procurement teams to quickly narrow down Supplier options according to specific criteria, thereby making the sourcing process more Efficient and reducing Time spent on manual search and selection.
– Enhanced Compliance: By Utilizing Catalog filters to showcase only approved vendors and products, organizations can better maintain policy Compliance, ensuring that all purchases adhere to company standards and regulatory requirements.
– Cost Control: Catalog filtering helps in avoiding overspend By guiding users to pre-negotiated rates and contracts. This Ensures purchases are made within budget constraints and leverages volume discounts with preferred suppliers.
– User-friendly Experience: with Catalog filtering, end-users Experience a simplified procurement process, as they can easily find and compare products that meet their needs without wading through irrelevant options, improving overall Satisfaction and adoption.
– Risk Mitigation: filtering catalogs to highlight suppliers with a strong history and Compliance record reduces the risk of associating with unreliable vendors. This proactive approach in vendor selection helps mitigate potential supply chain disruptions.
Related Terms
– Streamlined sourcing process: Catalog filtering allows procurement teams to quickly narrow down Supplier options according to specific criteria, thereby making the sourcing process more Efficient and reducing Time spent on manual search and selection.
– Enhanced Compliance: By Utilizing Catalog filters to showcase only approved vendors and products, organizations can better maintain policy Compliance, ensuring that all purchases adhere to company standards and regulatory requirements.
– Cost Control: Catalog filtering helps in avoiding overspend By guiding users to pre-negotiated rates and contracts. This Ensures purchases are made within budget constraints and leverages volume discounts with preferred suppliers.
– User-friendly Experience: with Catalog filtering, end-users Experience a simplified procurement process, as they can easily find and compare products that meet their needs without wading through irrelevant options, improving overall Satisfaction and adoption.
– Risk Mitigation: filtering catalogs to highlight suppliers with a strong history and Compliance record reduces the risk of associating with unreliable vendors. This proactive approach in vendor selection helps mitigate potential supply chain disruptions.
References
Explore Zycus resources to learn more about Catalog Filtering:
White Papers
Master the UK Procurement Act 2023: Ensure Compliance & Drive Procurement Excellence
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Supplier Compliance
Supplier Compliance is the discipline of ensuring that every supplier engaged by an organization consistently meets internal policies, regulatory requirements,
Non-Disclosure Agreements (NDAs) in Procurement
A Non-Disclosure Agreement (NDA) is a legally binding confidentiality contract between an organization and a supplier, ensuring sensitive information exchanged
Consolidated Invoice
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Compliance Scorecard
A Compliance Scorecard is a structured tool used within procurement processes to evaluate and ensure that all sourcing activities adhere
Contract Addendum
A contract addendum is a formal document that modifies or adds terms to an existing contract without altering its original
