Source to Procure Solution
Product Lifecycle Management (PLM) is a platform for managing design/ innovation data. In the enterprise space, it integrates to upstream Computer Aided Design (CAD) Systems and downstream Enterprise Resource Planning (ERP) & Manufacturing Execution System (MES). PLM solutions establish a seamless digital platform and provides the single source of truth for product data.
The Problems
Product Lifecycle Management (PLM) is a platform for managing design/ innovation data. In the enterprise space, it integrates to upstream Computer Aided Design (CAD) Systems and downstream Enterprise Resource Planning (ERP) & Manufacturing Execution System (MES). PLM solutions establish a seamless digital platform and provides the single source of truth for product data.
- a) Inefficient Excel & email-based RFP/ RFQ Process .
- b) Data inconsistency
- c) Intensive Manual Task for Collecting & managing supplier information
- d) Inaccurate & out-of-date information due to traditional data management methods
- e) Difficulty to trace Change
Solution
s2p helps you manage critical requirements with an efficient & traceable process. All communication between business users, sponsors & their suppliers can be performed with based on Oracle APEX Platform.
Supplier Accreditation & Onboarding
- a) Set Qualification Criteria
- b) Assess & approve Supplier for product Categories
End to End purchasing process
- a) Raise Purchase Request & Workflow for Approval
- b) Initiate RFP/ RFQ Process
- c) Link Purchase Request with RFP/ RFQ Document
- d) Communicate with vendors with complete history for audit trail
- e) Multi-Vendor initiation and transparent, point based response assessment and award
Integrate and Insights
- a) Closed Loop Process from Request to Order Fulfilment integrating with ERP & Other enterprise systems
- b) Configurable Reports & Analytics on Vendor Performance, Price Variation, Spend Analysis & many more
Business Benefits
- a) Efficient Supplier Accreditation & Management
- b) Improved Operational Efficiencies through Electronic Workflows
- c) End to end closed Loop Procurement Process for better traceability and audit
- d) Procurement analytics
- e) Low to no maintenance platform with Machine Learning enabled self-running secure database