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Supplier Relationship Management

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Leverage the connection between product development, procurement and suppliers to mange product cost.

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In today’s environment of increasing global competition, your company is being driven to synchronize its global operations in order to better position itself for profitable growth. However, you’re challenged by poor information visibility, inefficient sourcing processes, maverick buying and minimal coordination between engineering and procurement teams.

If you overcome these challenges, the benefits of value chain synchronization are clear. Incorporating procurement requirements earlier in the product development process can help companies achieve significant product cost savings. Involving procurement and suppliers at design inception and development can results in cost reductions of nearly 18% compared to companies delaying such collaboration. According to research, value chain innovators achieve a greater than 30 percent reduction in finished goods inventory and a 25 percent improvement in on-time delivery. When your company synchronizes its value chain, you can realize up to 73 percent higher profit margins than your competitors who don’t.

How can you tell if you need value chain synchronization? If your sourcing teams are spending time on tactical activities such as RFQ preparation and processing, with little value added to their strategic supplier relationships, you have a tremendous opportunity to synchronize operations and improve business performance.

Teamcenter integrates the extended value chain with engineering and design

Teamcenter’s supplier relationship management (SRM) solution can help your company more effectively engage with your supply chain to manage product costs. Teamcenter provides you with a sustained, disciplined, and systematic process for reducing the total costs of externally purchased materials, goods and services while maintaining/improving levels of quality, service and technology.

By integrating your extended enterprise of customers, strategic partners, and suppliers, Teamcenter provides you with a collaborative environment to achieve better cost management and more effective product development and manufacture. You can leverage your suppliers’ and partners’ expertise, market knowledge and available resources to drive the development of more innovative products. You can connect procurement and suppliers more closely with engineering and design teams – earlier – to make better product decisions and help manage the change process.

Teamcenter synchronizes your value chain so you can leverage your suppliers’ innovation potential as a strategic weapon in the battle for profitable growth.

Key Capabilities and Benefits

Solution Capabilities

  • Collaborative RFx management with detail cost breakdown
  • Internet negotiation (reverse auction) management
  • Supplier management
  • Spend management and analysis
  • Engineering integration for collaborative product development
  • Reporting and analytics tools aggregate data from multiple sources
  • Task, issue and quality management
  • Cost-effective, flexible deployment and support

Solution Benefits

  • Streamline procurement and sourcing processes
  • Increase innovation in new product development
  • Reduce product and process costs
  • Reduce sourcing administrative overhead
  • Speed sourcing cycle time for faster time-to-market
  • Improve Procurement and Engineering productivity
  • Manage quality and the change process

More Information

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