The Challenge:
Global companies spend more than 13 trillion USD on purchasing direct materials every year, according to the Aberdeen Group. Coupled with the fact that 80 percent of a product`s cost is fixed by the time the design process concludes. Aberdeen also reports more than 60% of manufacturers plan initiatives to involve Procurement, suppliers, and other relevant stakeholders earlier in product development.
The Solution: Introducing Teamcenter for SRM
With Teamcenter for SRM, companies can engage the entire supply chain by enabling a collaborative environment that supports better cost management throughout the entire product lifecycle process. It is a proven portfolio of configurable strategic sourcing solutions that allows procurement professionals to provide a direct, efficient connection between product development, procurement and suppliers is created.
The Result:
Shortening the design process allows companies to release new products more quickly and cost-effectively, ultimately improving the top and bottom line simultaneously for a competitive advantage. Procurement and supplier collaboration in later product lifecycle stages make it possible to continue to reduce production costs, explore part reuse, maintain competitive advantage and extend the economic product lifecycle. Teamcenter for SRM solutions are ideal for capturing knowledge and learning`s that enable process improvement no matter what stage of the product lifecycle.
The solution suite consists of:
- RFP`s & Sourcing Surveys - replaces the traditionally repetitive, paper-based processes with a web-based solution that streamlines and standardizes the data collection and analysis process. Whether used to issue and RFI, RFP, RFQ`s or market surveys, Teamcenter for SRM delivers the capability to obtain critical sourcing information, proposals and quotes from multiple vendors.
- Internet Negotiations - enables both downward and upward auction events that let sourcing teams bring the entire negotiation process online for virtually any good or service. The result is reduced sourcing cycle times, increased savings and more informed, equitable buying decisions.
- Sourcing Community - enables geographically dispersed teams to manage complex supply management projects. This real-time collaborative application provides strategic sourcing teams with a web-based "community workbench" to capture and reuse all the knowledge and information gained during a sourcing effort.
- Spend Management - enables procurement professionals to understand how their company truly purchases by consolidating data from an enterprise`s existing systems into common spend categorizations and appropriate corporate hierarchies. The result is improved spend tracking to identify sourcing opportunities, rapid execution of sourcing projects, increased negotiating leverage, and realization of negotiated savings.
- Supplier Management - enables identifying, engaging and evaluating your suppliers including supplier self-registration. Sourcing teams have access to supplier information that is critical in the decision making process.
Benefits:
- Increased Innovation – incorporate supply chain knowledge to enhance new product development
- Faster time-to-market – reduce new product development and introduction (NPDI) time.
- Reduced product costs – collaborate with suppliers to design the cost out of products.
- Reduced sourcing administration – simplify the complexity of managing an extended supply chain.
- Improved negotiating leverage – price transparency leads to lower material and service prices.
- Reduced sourcing cycles – bid template library, robust analytics and bid optimization tool accelerate the supplier response and evaluation process
- Fewer sourcing-related engineering change notices (ECNs) – integration with PDM and early involvement in new product development and introduction reduces the number of ECNs.
|