Nintex
Case Studies
Automating Procurement Processes: A Case Study on First Quantum Minerals, Ltd.
Overview
Automating Procurement Processes: A Case Study on First Quantum Minerals, Ltd.Nintex |
Functional Applications - Enterprise Resource Planning Systems (ERP) Platform as a Service (PaaS) - Application Development Platforms | |
Mining Transportation | |
Logistics & Transportation Procurement | |
Last Mile Delivery Time Sensitive Networking | |
System Integration | |
Operational Impact
The implementation of K2 Software workflows transformed the procurement process at First Quantum Minerals, Ltd. The solution replaced the manual spreadsheet entry with simple, flexible workflows, allowing team members from across the globe to select, compare, cost, procure, track, reconcile, and pay through a single tracking system. This made the process more convenient, reliable, accurate, and allowed for better reporting and accurate cost accounting. The solution also took the requirement of physical baskets of paper and a giant whiteboard for tracking out of the process. The team now regards the K2 Software framework and implementing partner, Linxus, as an extension of its own development hub, providing high flexibility and a continuous improvement approach through the iterations developed over the past three years. | |
Quantitative Benefit
50% more cost-effective solution | |
30% reduction in processing time and management of procurement process | |
Eliminated manual data entry | |