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At a time when supply risks loom larger than ever, many companies lack strategic approaches to manage that risk and ensure supply continuity. This fact, combined with the increasingly global nature of today’s business climate, makes supply management a daunting task for every organization that procures goods and services.
Success requires continuous collaboration among purchasing, engineering, supply operations, and vendor personnel. Companies must reduce complexity in their supply chains to maximize margins and launch products with agility. Sourcing processes need to be streamlined to optimize direct material costs and enable the supply base to support and respond to changing needs.
Designed with these best practices in mind, i2 Supply Management combines supplier relationship management (SRM) processes with collaboration and procurement processes that cut across time-horizon, functional, and geographical boundaries.
"i2 solutions enable us to react to time-to-market with exceptional speed.It could take up to nine, 10 months to gather information and make decisions in the purchasing arena. Today, we're going to be able to do that in seconds and matters of minutes."
Kevin Moyer, Vice President, e-Business, Dana Corporation
Manage Product Costs
Supply Management solutions from i2 allow you to manage the product costs through the overall product life cycle, with the capability to define target costs and compare them with actual costs. The solution enables costs to be loaded in for components and sub-assemblies from various internal or supplier-provided inputs and can perform multi-tier cost roll-up to the product level. The cost elements not only incorporate sourcing or supplier prices but additional transformation and uplift costs like assembly, manufacturing, and transportation costs. This gives users the ability to view the total product costs with their elements and drive actual costs to meet targets over the product realization cycle. Through these processes and the ability to examine and compare prices from multiple suppliers, users can align costs with margin targets, retaining market share and overall profitability.
Some featured benefits include:
- Reduced direct material spend
- Increased compliance
- Reduced inbound supply chain and logistics costs
- Improved user productivity
- Decreased inventory
- Increased revenue potential
- Shorter cash-to-cash cycles.
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Want to learn more? Contact Us, call +1-800-800-3288, or contact your nearest i2 sales office.
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