Greater business value
Sourcing value empowers procurement teams to automatize and optimize their raw material sourcing process for greater savings and efficiency.
Greater business value
Sourcing value empowers procurement teams to automatize and optimize their steel sourcing process for greater savings and efficiency.
Data Management
Create a centralized repository of relevant data: raw materials, components, suppliers, contracts, market intelligence, and RFQs with a standardized and sustainable format, including data validation and built-in guidance.
Supplier Management
Keep track of supplier qualifications and capabilities as well as different locations. Visualize breakdowns of spend, volume and count of materials or components by supplier.
RFQ Portal & Quote Analytics
Standardized, matrix-style RFQs facilitate the instantaneous pricing of thousands of different parts, providing guidance to suppliers to ensure they quote correctly as well as guidance to buyers to ensure they can quickly see and understand any changes.
Benchmarking
As you use the tool, you will automatically build a custom repository of granular supplier pricing that flows into guided analysis of major commercial and technical (VA/VE) opportunities.
Fact-Based Negotiations
As you build your negotiation strategy for a particular supplier, Sourcing Value’s “recommended charts” feature will automatically select the best possible benchmarks to highlight in a negotiation and allow you to export those to ppt format.
Reporting and Executive Summaries
Standardized analysis throughout the tool will allow you to keep track of the bigger picture without getting lost in the weeds, with support on everything from volume / spend over views to tracking of budget and productivity.
Value Chain Optimization
Leverage the power of linear programming to optimize across every step of your value chain and drive cost reduction through elimination of inefficiencies. Create unique scenarios with customized strategic and technical constraints to compare, evaluate and make informed decisions.
