TH
Pantavanij Company Limited won 4 awards from Brands Review Magazine, a business and technology media outlet from the UK
-
-
Excellence in Supplier Relationship Management Thailand 2024
-
e-Procurement Excellence Award Thailand 2024
-
Lifetime Achievement in Procurement Innovation Thailand 2024
-
Innovation in Procurement Technology Thailand 2024
-
Brands Review Magazine is a leading news platform recognized worldwide. It is not only a content/news provider but also analyzes business trends and the significance of brands in the global market. Its goal is to create brand awareness, as well as to disseminate beliefs and what brands do to ensure they are known.
Receiving these awards is a testament to Pantavanij’s international credibility and serves as a crucial driving force in expanding into the Southeast Asian market and venturing into new global business and industry sectors. This comes from the services of Brands Review Magazine, which covers sectors currently of interest in new purchasing markets, such as fashion and cosmetics, aviation, foreign exchange, gaming, infrastructure, and more.
The company is therefore committed to leveraging its service strengths to respond to procurement business methods to meet global market demands, as procurement objectives are prioritized among the business goals of leading companies.
Strengths in Managing Supplier Relationships within the System that Serves Leading Buyers
The company continues to develop technology and services with the primary objective of sellers being to continuously increase sales and profits. At the same time, it also enhances services to support sellers’ adaptability, as the procurement business and buyers face increasingly diverse challenges and business issues.
For example, complex regulations regarding IT equipment licensing in some countries, related to cybersecurity, or customs procedures, can lead to impacts and errors that result in delays, fines, or confiscation of goods. Additionally, there is a growing demand for environmentally friendly materials and equipment.
The complexity and business objectives that create these difficulties drive the company to consistently emphasize its commitment to comprehensively enhancing the capabilities of suppliers. This aims to modernize business fundamentals in accordance with various policies of buyers, including operations that demonstrate awareness of environmental issues, resource usage, and ethics.
Strengths in Innovation
Integrating New and Old Processes into One
The company is moving forward to establish a central standard that acts as a template to guide buyers in adapting to the newly added procurement processes. This includes pre-sourcing activities, such as searching for and analyzing vendors, as well as post-delivery processes like summarizing results and evaluating purchases. The aim is to enable buyers to execute all processes seamlessly on a single platform, eliminating the need for multiple platforms and reducing the integration of offline and online operations. This approach helps bring both buyers and sellers into a unified channel.
Identifying Factors that Enhance Cost Reduction
Another goal in developing the procurement data management structure on the Pantavanij system is to synthesize and address the gaps in offline operations and the limitations of managing data from paper documents. This involves converting, interpreting, and organizing the data into an electronic format specifically for procurement activities, enabling visibility of information that can identify factors contributing to enhanced cost reduction.
Key Indicators for Building Trust
The centralized data collection system available to buyers has been developed to filter and display key performance indicators related to sales efficiency, product/service listings, vendor names, vendor qualifications, as well as backgrounds and business profiles. This enables buyers to manage and maintain the trust of their procurement departments, focusing on transparency and ethical procurement practices.
Pantavanij Company Limited continues to pursue its goal of creating stability for both buyers and sellers in the procurement business while fostering sustainability alongside the technological development of its platform to transform electronic procurement and enhance overall business value.