Overview

Known worldwide for its motor yachts and pleasure boats, Ferretti Group has been designing, building and selling them since 1968.

The company decided to set up its own purchasing processes because of some criticalities that the mainly manual management of the numerous activities had brought to light: too much time wasted in data entry and telephone reminders, lack of objective data updated in real time for the evaluation of suppliers.

Challenge

  • To improve purchasing office performance by streamlining processes and automating manual tasks
  • Consistent management of all suppliers by simplifying communication methods
  • Improved quality and speed of information transmission, with real-time data updates
  • To assess suppliers’ performance objectively (KPI)

Solution

IUNGO Procurement, with the following modules:

  • Scheduling agreement
  • Purchase order
  • Contract work
  • Reporting (Vendor Rating)

IUNGO Connector

Integration with SAP

Integration with software QLIK

Results

  • 90% of order confirmations
  • Data transmitted in real time and without errors directly to the management system
  • Measurement of supplier performance in an objective way that can be shared with suppliers, thus encouraging them to better perform
  • Most of the more operational activities have been eliminated, planners can devote themselves to value-added activities
  • 100% of suppliers involved and integrated