It is common knowledge that in our competitive business landscape, the company that has the most effective Supply Chain Solution in place, wins in the long run. Supply Spend Analytics is a major component of this solution and helps with the objective of acquiring the best supplies at the lowest cost. If all the elements of the Supply Chain Solution are in place you can be assured that you are providing your customer a quality product and service at the most competitive prices.

Our solution will enable users to analyze corporate-wide spend, from any dimension and drill-down to any level of granularity.

• Create effective sourcing practices

• Establish the process to strengthen your supply chain

• Advance market penetration

• Augment community commitment

• Deploy Process Quality and Control

• Accelerate Supplier Diversity Participation through Industry Collaboration

• Realize increased visibility for tracking progress against goals on targeted sourcing efforts

• Analyze commodity spend by business unit, supplier, and invoice date range.

• Drill down into spend data by Organizational hierarchy, Commodity Family, Class, and commodity.

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Our Supplier Chain Performance Scorecard collects critical information from systems across your organization-including financial, manufacturing, and distribution systems-giving you a real-time view of each supplier’s performance. Using our solution you can share a complete picture of each supplier across your whole organization.

Using the extranet, suppliers can track their own performance, based on your criteria. Send real-time e-mail alerts to suppliers if their KPI metric falls below a threshold. Suppliers find out instantly that their product quality is causing missed shipments and are able to control their performance.

• Compare inventory value this year over last year by warehouse, business unit or location

• Identify trends in inventory value over time and whether you are building inventory

• Analyze inventory turns and the reason for increasing or decreasing turns over time

• Predict potential cash flow problems by using inventory to sales ratio

• Determine which areas of inventory should be focused on for improvement purposes

For evaluation of supplier performance we have developed templates to collect some key metrics (below). We modify this list based on each specific client need.
Some key metrics:

• Average PO Price Variance

• Average Number of Days Late

• Number of On-Time Shipments· Number of Undershipped Units · Number of Vouchers Under Invoiced

• Percentage of Units Rejected

• Percentage of Shipments On-Time and Correct

• Quality of Customer Service · Responsiveness to Problems

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Our supplier diversity scorecard helps corporations implement and integrate a diversity strategy that looks at the company’s workforce, clients, customers, vendors and partners. The performance dashboard helps set diversity goals for the entire company and monitors the progress of each of the organization’s divisions in meeting those goals.

Display monthly, quarterly and yearly diversity scorecards to measure the three outcome metrics in recruiting, retention and promotion.

• Measure performance including Supplier Diversity metrics (2nd Tier)

• Track Delivery Time, After-market service, participation in Supplier Diversity events/reports (2nd Tier)

• Spend percentage by type of minority supplier

• Percentage of minorities, EEO targets

• Change in minority representation

• Representation of minorities at different

• ROI for diversity initiatives

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