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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 Total Supply Management combines supplier relationship management (SRM) processes with collaboration and procurement processes that cut across time-horizon, functional, and geographical boundaries.
Overview
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.
Supplier Collaboration/Lean Replenishment
i2 Supplier Collaboration/Lean Replenishment is designed to help companies implement and automate lean supply processes such as vendor-managed inventory (VMI), pull-based (Kanban) replenishment, and other just-in-time (JIT) programs. The solution can allow companies to transition to a demand-driven approach within their supply base. It can enforce process discipline through business rules and allow visibility into complete purchase order life-cycle management.
Consolidated Procurement
The i2 Collaborative Supply Execution suite offers i2 Consolidated Procurement, a solution designed to consolidate spend across multiple divisions, outsourced business, suppliers, and material types. It can provide a single system of reference and can link to multiple back-end systems allowing local processing. The solution is designed to enable easier rescheduling, substitution, and transfer of inventory from other locations to meet exception conditions. It also can provide companies with global visibility and tracking of all purchasing, as well as project-based purchasing.
Collaborative Material Management
Many companies face inefficiencies due to system, process, and organizational barriers between their material planning and procurement functions, which can lead to high inventory and transaction costs. In addition, many businesses have manual processes to convert material or procurement plans to purchase orders or contracts—as well as manual processes to manage expedite/de-expedite functions and order cancellations. This lack of automation often leads to slow response times and low productivity.
i2 Collaborative Material Management can help companies synchronize and automate the material planning and procurement processes to react much faster to changes in demand through rapid “what-if” scenarios and incremental planning. The solution offers proactive visibility into the impact of supply changes on demand and vice versa.
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Reducing Lead Times at Dana Corporation
Multiple legacy systems from numerous acquisitions left Dana Corporation with a slow, fragmented procurement process. Embarking on a value chain management initiative using i2 solutions, Dana has achieved forward visibility into its value chain, and is reacting to time-to-market with exceptional speed.
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