Herve Thermique Chooses Determine Procurement Solution

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Herve Thermique Chooses Determine Procurement Solution

CARMEL, IN--(Marketwired - Nov 15, 2016) -   Determine , Inc. ( NASDAQ : DTRM ), a leading global provider of SaaS Source to Pay and Enterprise Contract Lifecycle Management (ECLM) solutions, including cloud-based strategic sourcing, supplier management, contract management and procure-to-pay solutions, has been selected by Hervé Thermique , a subsidiary of Groupe Hervé, to improve its operational efficiency while offering flexibility and independence to local teams.

Since 1972, family-owned Hervé Thermique, with operations in France, Switzerland, Belgium and Morocco, and some 3,000 employees, has offered products and services in the fields of energy, industry, and digital technology. The company's distinguishing feature is its unique organizational structure, based on units of 10-15 people led by a manager-motivator, whose primary role is to encourage, coordinate and support his or her team.

Non-production procurement, reflective of Groupe Hervé's organizational policy

Until recently, non-production procurement (10% of Groupe Hervé's purchasing) has been managed primarily centrally. "Our previous organization led to a lot of back and forth between requestors, managers and local procurement managers," explains Christophe Arnould, Procurement Manager for Hervé Thermique.

Under the group's "open" more decentralized approach, the goal was twofold:

  • First, to provide employees with a standardized procurement platform, like an internal e-commerce website, allowing them to independently and responsibly select the tools they need;
  • Second, to offer the purchasing department a detailed analysis of expenditures, allowing them to negotiate prices and also add and remove suppliers on the panel by family, based on experiences of the local purchasing teams.

"We hope to capitalize on the experiences of our local subsidiaries in order to develop best practices, which we can apply to other subsidiaries. Closely delegating procurement needs while maintaining an overall business viewpoint guarantees efficiency," adds Mr. Arnould.

The choice of Determine's Procurement solution was based on its modularity, technology and proximity to our business

The human dimension was paramount in Groupe Hervé's decision. "Discussions, expertise and listening skills among Determine teams are among the main reasons why we chose Determine. Our companies are similar in that regard," said Mr. Arnould.

The choice of Determine was also a technological decision: the Procurement solution is part of the company's leading Cloud Platform, which offers turnkey modular business applications that can adapt to Groupe Hervé's organizational model. The same is true for interfaces, as the Determine Cloud Platform easily integrates with more than a dozen "home-grown" systems.

"Users, workflows and entire hierarchies with countries, subsidiaries and units of 10-15 people managed within our internal systems all communicate with Determine. In the opposite direction, Determine sends orders to our systems," explains Mr. Arnould.

The current project scope focuses on our eProcurement solutions including Catalog Management, including hosted as well as punch-out catalogs (Fiducial, Manutan, MB Industrie, etc.).

"We are excited to announce Hervé Thermique will leverage our Determine Procurement solutions to improve its overall operational efficiency, while delivering the flexibility and independence required for their local teams," said Patrick Stakenas , President and CEO of Determine. "Determine is changing the way our customers source, contract and buy goods and services through our innovative and market-changing Cloud Platform, including some of the most highly complex industries like energy services. Determine's UI/UX and a unified master database makes it possible for Hervé Thermique to achieve new levels of efficiency by improving user experience and workflows, creating synergy for their 3000+ employees across multiple locations throughout Western Europe and North Africa."

Supporting Resources Determine blog Determine on LinkedIn Determine on Twitter Determine guides & misc. resources

About Determine, Inc. Determine, Inc. ( NASDAQ : DTRM ) is a leading global provider of SaaS Source to Pay and Enterprise Contract Lifecycle Management (ECLM) solutions. Our visionary technologies allow our customers to effectively manage the full scope of Source to Pay and ECLM using our Determine Cloud Platform. Our Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.

The Determine Cloud Platform gives procurement, finance and legal professionals the ability to deliver profound insights through analysis of their supplier relationships and contractual requirements. Our customers leverage the Determine Cloud Platform to discover previously unseen supplier and spend data; make more informed and smarter business decisions; drive new revenue; control costs; improve workflow efficiencies; and mitigate risk.

Our customers benefit from the Determine Cloud Platform's robust suite of integrated applications. Whether they start with a full-suite implementation or choose to implement just one application and build over time, each additional application allows for the automatic sharing of data already in place on the Determine Cloud Platform.

For more information, please visit: www.determine.com .

Media Relations Contact: Rose Lee Determine Inc. +1.650.532.1590 pr@determine.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Cognex Delivers Record Q3 Results, Eyes Future Growth

Updated Category News Views 62

Shaking Up the Leaderboard with Record Revenues You want a testament to a well-oiled machine? Look no further than Cognex Corporation, flaunting a record quarterly revenue hitting $313 million. That's a hearty 13% uptick from last year. Peel back the layers, and excluding a one-time boon from a partnership last year, you're staring at a 19% year-over-year surge. Talk...

Continue Reading
REELZ Gears Up for 75th Miss Universe Pageant

Updated Category News Views 123

A Global Celebration Comes to REELZ Let's dive straight into the glitz and spectacle—REELZ isn't just broadcasting some regular program. They're handing us the 75th Miss Universe pageant on a silver (or maybe gold, in this case) platter. Come November 24, at 8 PM ET, expect your screen to light up with beauty, culture, and a hefty dose of competition, as it unfolds live...

Continue Reading
Texas Alcohol Crash Stats Expose Reckless Drinking Scene

Updated Category News Views 54

Staggering Numbers From Texas Crashes Reveal a Sobering Truth When you peel back the layers on Texas's latest alcohol-related crash data, you're looking at a grim picture painted by Grossman Law Offices. In a state that's no stranger to big numbers and even bigger drinks, finding that half of these crashes had a blood alcohol content (BAC) over twice the legal limit makes...

Continue Reading
Kyndryl and AWS Shake Up Enterprise Modernization

Updated Category News Views 87

A New Dawn for Enterprise Modernization Modernizing enterprise infrastructure today ain't just about wading through outdated code lines. Kyndryl (NYSE: KD) is flipping the script, with their latest partnership with Amazon Web Services (AWS) aiming to make modernization swift, continuous, and AI-ready. Gone are the days of treating technology upgrades as a one-off event....

Continue Reading
Sae-A Trading Earns UNGC LEAD Recognition Again

Updated Category News Views 44

Another Year, Another Win for Sae-A Trading When was the last time you heard of an apparel manufacturer making waves for the right reasons? Sae-A Trading, the outfit under the Global Sae-A Group banner, is strutting its sustainability stuff by getting named as a UNGC LEAD Company for the second straight year. You better believe that’s not just for show – they’ve got...

Continue Reading
Taiwan's Bold Bid: From Tech Hub to Capital Magnet

Updated Category News Views 100

Ambitious Plans Unveiled at Taiwan Weeks 2026 Forget the usual humdrum; Taiwan’s pulling no punches in its bid to become a capital powerhouse in Asia. If you'd told me years ago that Taiwan was eyeing dominance in asset management, I might've laughed. But at the 2026 Taiwan Weeks, they showed they're dead serious about it. Over 400 bigwigs and market shakers gathered,...

Continue Reading
RingConn Joins BVB Women's Team: Tech Meets Sport

Updated Category News Views 64

Tech and Football: An Unlikely Alliance Alright, so here's a story that might perk your ears up—RingConn, a relative newcomer in the health tech world, has chosen to stake its future on a bet with Borussia Dortmund's women's football team. This isn't just your average brand-sponsorship slap-on-the-shirt deal; we're looking at a potential game-changer here, folks. Who...

Continue Reading
Elite Academy Takes Bold Step in Ethical AI for Schools

Updated Category News Views 171

Pioneering New Fronts in Education with AI Elite Academic Academy, a stalwart in California's public charter school landscape, has just taken a significant stride forward by stepping into the EDSAFE AI Alliance District Policy Lab. The move, announced in early November 2026, sees Elite diving into the intricate world of artificial intelligence in education, with a pointed...

Continue Reading
Perpetua's Bold Moves Elevate Idaho's Stibnite Gold Project

Updated Category News Views 91

Perpetua Resources Sparking New Conversations Alright, fasten your seatbelts, folks—Perpetua Resources is causing a buzz with its Stibnite Gold Project. If you blink, you might miss what's happening down in Idaho. They've started throwing some serious weight around with fresh gold discoveries that not only promise ounces but maybe some juicy returns for those keeping a...

Continue Reading
What Business Owners Need to Know About Glass Replacement

Updated Category News Views 114

Understanding the Nuts and Bolts of Storefront Glass Replacement Picture your storefront beaten and battered, glass cracks spidering over once-pristine panes. Cue Matt Sears of Bentonville Glass Inc. ready to patch things up without turning your business into a disaster zone. The homegrown hero makes his debut in HelloNation's latest chat, offering the kind of advice you...

Continue Reading

Top 5 Most Recently Viewed Articles

Piramal Pharma and NewAmsterdam's Joint Venture for OSD Suite

Updated Category News Views 161

Strategic Investment to Boost Pharmaceutical Production Piramal Pharma Solutions and NewAmsterdam Pharma Company N.V. have embarked on an ambitious project to enhance their oral solid dosage (OSD) capabilities. This new dedication to pharmaceutical manufacturing illustrates their commitment to meeting rising healthcare demands. The multi-million-dollar investment seeks to...

Continue Reading
Dynacor Group Announces Upcoming Dividend and Insights

Updated Category News Views 140

Dynacor Group Announces Upcoming Dividend Dynacor Group Inc. (TSX: DNG) has declared its monthly dividend for October, an essential aspect for shareholders. The company will distribute C$0.01333 per common share, with payment scheduled for October 16 to those holding shares by the close of business on October 9. This marks the 67th dividend the corporation has provided....

Continue Reading
Danske Bank's Buy-Back Program: Week 2 Summary and Insights

Updated Category News Views 181

Danske Bank's Buy-Back Program Overview Danske Bank A/S has initiated an impressive share buy-back program aimed at enhancing shareholder value. This program, set for a total of DKK 5.5 billion, encompasses the repurchase of up to 70 million shares. It commenced on February 5, 2024, and is designated to conclude by January 31, 2025. This substantial commitment was...

Continue Reading
Howmet Aerospace: A Promising Investment Journey Over Five Years

Updated Category News Views 192

Howmet Aerospace's Investment Potential Howmet Aerospace (NYSE: HWM) has shown remarkable performance, significantly exceeding market averages over the past five years. Investors who have been with the company through this period are likely quite satisfied with their returns. The annualized return of 51.59% speaks volumes about the company's strategic growth and...

Continue Reading
Recent Updates on Investment Fund Wealth Invest's Prospectuses

Updated Category News Views 614

Updates on Wealth Invest Prospectuses We are pleased to announce the recent updates to the prospectuses for the listed departments within the investment fund Wealth Invest. These changes reflect the fund's commitment to maintaining transparency and enhancing investor confidence. Reason for Updates The prospectuses have undergone revisions primarily due to a name change...

Continue Reading