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Sourcing
Combining business and IT expertise with innovative technology to deliver longer-term business value
– on demand, NOW
Increase business visibility
Measure business performance
Easily onboard new suppliers
Manage RFXs efficiently
Ensure Compliance
Increase business visibility
- Track trends in supplier performance, spending, spend volume and pricing
- Compare supplier performance and price to other similar suppliers
- Aid in sourcing and contract negotiations
- Empower managers to assess material risks
What does this mean to you?
- Highlight demand aggregation opportunities
- Mitigate business risk
- Reduction in direct material spend
Measure performance
- Track spend and supplier performance against sourcing goals
- Measure savings
- Capture impact of sourcing initiatives
What does this mean to you?
- Continued improvement in supplier performance
- Reduction in direct material spend
Manage RFXs efficiently
- Plan and monitor all sourcing projects
- Electronically manage all requests with automatic routing of RFX documents
- Collaborate with suppliers on RFXs
- Automatically score supplier responses based on business criteria
What does this mean to you?
- Comprehensive qualification of vendors
- Ensure best supplier terms continuously
- Lower material costs, better quality
- Consistent process for supplier management
Streamline review and approval of new suppliers
- Share and collaborate information on new suppliers
- Automatically route information for new suppliers for review and approval by each stakeholder
- Enable supplier review audit trails
- Automatically create approved suppliers in the ERP
What does this mean to you?
- Facilitated supplier audits
- Complete visibility into supplier terms and qualification process
- Faster supplier on-boarding at lower costs for all
- Reduce error prone data-entry tasks
Ensure Compliance and control
- Apply pre-built sourcing best practice workflows
- Enforce compliance with easy to define business rules
- Configure purchasing exception triggers to initiate mitigation workflows
- Share supplier qualification and quality documents between suppliers and sourcing managers
What does that mean to you?
- Ensure compliance to negotiated quality and service levels
- Fully auditable system and visibility into prior history
- Proactively address purchasing exceptions
- Facilitated supplier audits
