Client: BASF is the world’s largest chemical company. Its diverse portfolio includes chemicals, plastics, performance products, agricultural products, and oil and gas.
Challenge: BASF’s Global Procurement Division relied on a proprietary process known as Advanced Auctions to negotiate optimal prices with suppliers. This process was manually executed using Microsoft Excel spreadsheets, leading to inefficiencies and performance limitations. The scope of procurement activities was constrained by the complexity and volume of data that Microsoft Excel could handle.
The Global Procurement Division at BASF identified an opportunity to develop an application that digitizes and automates the processes and workflows.
Solution: Engineers at SSI developed a workflow application to digitize and automate the Advanced Auctions process. Leveraging our expertise in comprehensive data-driven solutions, we created a customized workflow application for BASF. The application features include:
Path Finder: Guides users to the most effective auction methods.
Datasheet Preparation: Facilitates the creation of product portfolios and collaborative finalization of lists.
RFQ Management: Manages RFQ templates and responses from various suppliers.
Auction Management: Supports the execution of the onsite auction process for both BASF users and suppliers.
Implementation: Tracks post-auction approvals and savings for awarded line items.
Result: Implementing the automated Advanced Auctions process has significantly streamlined BASF’s procurement activities, enhancing efficiency and performance. The client has shared positive feedback, reflecting the successful optimization of their procurement workflows.
