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Copyright © ebiz CHEM Pvt. Ltd. All Rights Reserved. Case Study of our Client VENDX
Copyright © ebiz CHEM Pvt. Ltd. All Rights Reserved. Procurement Process at Client End Preliminary Vendor Selection Suppliers Vendor Assessment Vendor Approval Receiving Indent ERP Floating RFQ To Supplier Receiving Quotes From Supplier Comparison (Excel) Negotiation To Supplier Receiving Re-Quotes From Supplier Final Comparison Approval Chain Placing Order ERP To Supplier Delivery Schedule ERP GRN DN/CN Rejection Account Ledger Payment Status Delivery Details Info to Supplier PURCHASING DECISION MAKING PROCESS ERP
Copyright © ebiz CHEM Pvt. Ltd. All Rights Reserved. ISSUES Faced by client… Acquiring Market Information Time Constraint For…Huge Time Spent On... Supplier Evaluation Time Constraint For… Retrieving Past Negotiations Time Constraint For… Creating & Maintaining Documentation Constraint For… Sending RFQ to large vendor base Constraint For… Getting Structured Quotes Time Constraint For… Complex Calculation of Landed Cost Time Constraint For… Tracking Material Delivery … And then walked-in the AUDITOR…
Copyright © ebiz CHEM Pvt. Ltd. All Rights Reserved. Realization of possible adverse impact on Costs PROFIT Information Gaps Lack of Transparency Lack of competitive environment Lack of time for Strategic actions Delay in decision making Absence of Standardization of processes
Copyright © ebiz CHEM Pvt. Ltd. All Rights Reserved. what were his needs? A system which: Is Technology Driven to facilitate seamless exchange of information and communication with his suppliers globally Brings complete Transparency in Decision making Process to meet Compliance needs Is Innovative to take care of all administrative tasks including much needed documentation Is offering instant analysis to formulate effective Negotiation strategies to Reduce Cost Offers historical data with trail to meet Audit requirements Is smart to send alerts for inactions of users Works seamlessly with existing ERP Most Importantly: A system which is extremely SIMPLE and USER FRIENDLY & requires NO SUPPLIER TRAINING
Copyright © ebiz CHEM Pvt. Ltd. All Rights Reserved. What options did he evaluate? ERPs…. Prominent Solutions in the market Office Automation Suites … …
Copyright © ebiz CHEM Pvt. Ltd. All Rights Reserved. Welcome To…
Copyright © ebiz CHEM Pvt. Ltd. All Rights Reserved. What made his life easy? Vendor Portal Module Sample Evaluation Module Vendor Visit Report Module Sourcing Module Vendx Modules: Pre-Order Process Vendx Modules: Post-Order Process Vendx: Other Module Vendx Delivery Tracking Module Vendx GRN Data Integration Module Vendx Accounts Data Integration Module Vendx MD’s Desk Module (Negotiation / Reverse Auction Decision Authorization)
Copyright © ebiz CHEM Pvt. Ltd. All Rights Reserved. VENDX Value Delivery To ‘The Top Management’: Cost Savings due to energized procurement process leading to Instant ROI Complete Accountability of every decision Central databank of Knowledge Legal Compliance To ‘The Users’: Huge savings of time in Tedious Administrative Tasks Instant availability of Historical Information & Analysis Instant insight on Market Information Painless Audit Process Less stressful work environment To ‘The IT’: Painless implementation & maintenance Seamless integration with your ERP / Legacy System Adoption of Best Practices INSTANT ROI
Copyright © ebiz CHEM Pvt. Ltd. All Rights Reserved. Excerpts From - IIMM Conference - Mumbai (INDIA – Emerging to Surging Economy - Supply Management Strategies for sustainable growth 18 th & 19 th Dec, 2009) “There is no Future without E- Markets.” - Dr. B. Mahadevan, Dean IIM – Bangalore “Innovation is the key to build competitive edge. Disruptive practices & effective cost management will be key drivers for Survival & Growth.” - Mr. B.V. Iyer - National President of IIMM “Cost & Time Management determines the success or failure of an organization. Your best investment has to be in Technology.” - Dr. D. B. Gupta - Chairman, Lupin Ltd “Supply Chain determines the Competitive Edge. Efficiency in Procurement function is the Key Driver. Ideal technology selection is dependent on how it Maps your organization landscape.” - Mr. Ashok Sinha, MD, BPCL “Constant improvement of Processes are very essential to build competitive edge. The Management Focus across the world is to `Reduce Cost’. ” - Mr.K.E.Ranganathan, Murugappa Group
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