Optimized Processes
Evaluate suppliers based on bid, batch size, volume discounts, locations, variability in production lead time, defective goods’ probability, and more.
Determine sourcing policies based on what-if scenarios (multiple or single source policies, adaptive sourcing, and more).
Interactive data and performance dashboards that provide an overview of all supplier activities and risk in standardized formats. Get one central place to make decisions and act effectively, enriched by ompany’s and third party data.
Opportunity to manage multiple assessment factors like segmentation, quality and risk. KPI-driven forms and workflows to monitor accuracy and update suppliers when changes occur.
Features
Manage the end-to-end sourcing process from the first touch to awarding suppliers in one intuitive platform. The platform helps to move all activities into one flexible and user-friendly space.
Choose vehicles based on cost optimization with best lead times, taking into account all of the business needs.
Collaboration tool for stakeholders to increase decision buy-in. The platform helps to assign tasks, evaluate submissions and see all workflows related to procurement.
Data Management to see all data (items, purchase orders, suppliers, etc.) needed for negotiations with suppliers. And the ability to search data standardized by standardized part numbers (at HQ level) and attributes.
An alerting mechanism to identify and track potential savings opportunities.
Model sourcing scenarios feature that include different factors. Instant scenario modeling to reflect internal & external business constraints.
