M.Video-Eldorado and B2B-Center: B2B Digital Supply Solution

Main article: SaaS - History. Philosophy. Development Drivers

2022: Launch of Russian cloud S2P service for buyers and suppliers

April 7, 2022 M.Video-Eldorado Group announced the joint commercial electronic trade B2B-Center launch Russian of the B2B Digital Supply Solution end-to-end procurement automation service with the site. Cloud Solution allows any business, regardless of size, to quickly build the process of procurement and interaction with suppliers - from search for offers to payment, accelerate the conduct of trade procedures and all documentary processes. The Russian solution S2P ("source-to-pay" - "from requisition to payment") allows you to flexibly plan b2b deliveries, as well as integrate B2B Digital Supply Solution into corporate ERP systems ones in a short time even under restrictions.

Source: sc02.alicdn.com

The B2B Digital Supply Solution was developed jointly by B2B-Center and the M.Video-Eldorado Group, the companies joined forces and expertise to develop and market a full-fledged cloudy IT product for organizing the entire procurement cycle. B2B-Center is a commercial site, and electronic bidding M.Video-Eldorado has accumulated experience in seamless automation and integration of retail processes. The group was one of the first Russian companies with seamless integration technology of all channels of customer experience according to the model, OneRetail in addition, over the past two years the company has successfully transferred to the cloud a significant part of the development and operation of digital products. Examination retailer allowed to create a control system of all process of purchases in a cloud environment with use, and big data predictive analytics machine learning other technologies allowing to introduce automation, through interaction and customization in the relations of suppliers and customers of goods and services.

B2B Digital Supply Solution can automate up to 80% of the procurement loop and reduces transaction costs for procurement activities to 35%. This is a full-fledged b2b service that allows you to plan and monitor budget implementation, receive more profitable supplier offers, and carry out sorting and evaluation of potential partners. This uses data analysis based on market trends, past costs, and overall product development objectives. The service also includes a system for managing catalogs, tender documents, payment, conclusion and verification of contracts, as well as tracking deliveries and claims.

Piloting the B2B Digital Supply Solution in M.Video-Eldorado as part of its own digital platform for suppliers and employees has improved service, increased procurement efficiency and the number of counterparties. Procurement support was optimized by a third, and purchase prices were reduced to 18% for goods and to 25% for services. The average turnkey procurement period - from bid to contract - decreased by 40%, to 60 from 103 days. The solution has the potential to reduce these deadlines by two times.

"In an era of uncertainty in the global supply infrastructure caused by the pandemic, sanctions, as well as volatility in the foreign exchange market, procurement participants realize the importance of long-term cooperation, the need to expand the portfolio of Russian orders, increase the supply of domestic products, as well as deepen technological interaction with electronic trading platforms. The first localized S2P solution is in demand by geographically distributed companies such as M.Video-Eldorado. Comprehensive support of trades, based on analytics, allows to significantly improve the effectiveness of interaction of counterparties, including in regional markets. In addition, the Russian service will allow leveling in the future the possible impact on the rate of digitalization of Russian companies from the suspension of business in Russia by foreign developers of ERP systems, " - commented by Boris Ogarkov, Director of the M.Video-Eldorado Group for Network Development and Operation

"The digital transformation of recent years has led to the fact that the entire process from application to payment can be automated and end-to-end, and additional services give companies analytics and action algorithms for managing purchases. Enterprise marketplaces appear in which buyers select items from finished price lists or catalogs agreed with the supplier. Digitalization will completely change the business environment - routine processes will be performed automatically, including based on RPA and machine learning technologies. The system itself will announce the purchase and select the winner, check the availability of balances in the warehouse, and generate requirements. We are striving to introduce an end-to-end procurement management system now that the uninterrupted operation of both retailers and all sectors of the Russian industry is extremely important, " - notes Andrey Myshkin, Director of B2B-Center for the development of procurement and supply chain management systems