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Sourcing
Several areas of the Sourcing function are supported efficiently by this solution. With extensive knowledge of Industry Best Practices, our consultants can implement solution that will deliver significant saving. A few of the areas are discussed below with a brief on what can be achieved.
Category management : enables category managers to obtain a category-specific view of spending and purchasing activities to gain strategic insight and category expertise and pursue optimal strategies related to suppliers, as well as to specific spend categories.
Supplier qualification : helps perform ongoing evaluations and select preferred suppliers for particular products and categories; supports demand and market analysis, specification development, and approved-vendor list management.
Supplier negotiation : enables companies to use auction and bidding techniques for event preparation, requests for quotation, reverse auctions, and bid evaluation and awarding. It helps negotiate the best possible terms and conditions without sacrificing quality, dependability, and smooth and efficient operation in the supply cycle.
Contract management : facilitates a view of contracts created as sources of supply in the system and are assigned directly or displayed as possible selections. Companies can distribute new or changed contracts and validate transactions of terms, conditions, and prices; specify contract alerts and receive business unit compliance analysis reports.
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