Solution
Integrated Material Cost Management
Key Insights
Identify buyer cost-savings opportunities, including design change and hidden reduction criteria management.
Enhance OEM collaboration with advanced workflows.
Improve buyer productivity through automated workflows that remove information-gathering and reduce time required to chase approvals.
Drive cash flow through retroactive price reductions.
Overview
Integrated Material Cost Management solves disparate data issues, and drives savings insights.
The solution analyzes purchasing, sales forecasting and actual spend data in real-time, and present buyers with actionable price reduction opportunities.
The solution also reduces data gathering and follow-up overhead, and guides enterprise functions through the process.
Features
- Visibility into actual and future supplier spend by commodity
- Pre-populate site price reduction initiation forms with part, price breakdown and volume data
- Price reduction negotiation and approval workflow