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Case Study of our Client

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1 Case Study of our Client
VENDX Case Study of our Client

2 Procurement Process at Client End
ERP Vendor Assessment Receiving Indent Suppliers Vendor Approval ERP Preliminary Vendor Selection PURCHASING DECISION MAKING PROCESS Negotiation Comparison (Excel) Receiving Quotes Floating RFQ To Supplier From Supplier To Supplier Receiving Re-Quotes Final Comparison Approval Chain ERP From Supplier Placing Order ERP ERP ERP GRN DN/CN Rejection Account Ledger Payment Status Delivery Details Delivery Schedule Info to Supplier To Supplier

3 walked-in the AUDITOR…
ISSUES Faced by client… Time Constraint For… Acquiring Market Information Huge Time Spent On... Supplier Evaluation Time Constraint For… Retrieving Past Negotiations Time Constraint For… Creating & Maintaining Documentation … And then walked-in the AUDITOR… 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

4 Realization of possible adverse impact on Costs
Information Gaps Lack of Transparency Lack of competitive environment Lack of time for Strategic actions Delay in decision making Absence of Standardization of processes PROFIT

5 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

6 What options did he evaluate?
ERPs…. Prominent Solutions in the market Office Automation Suites … …

7 Welcome To…

8 (Negotiation / Reverse Auction Decision Authorization)
What made his life easy? Vendx Modules: Pre-Order Process Vendor Portal Module Sample Evaluation Module Vendor Visit Report Module Sourcing Module (Negotiation / Reverse Auction Decision Authorization) Vendx Modules: Post-Order Process Vendx Delivery Tracking Module Vendx GRN Data Integration Module Vendx Accounts Data Integration Module Vendx: Other Module Vendx MD’s Desk Module

9 VENDX Value Delivery INSTANT ROI 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

10 Excerpts From - IIMM Conference - Mumbai (INDIA – Emerging to Surging Economy - Supply Management Strategies for sustainable growth 18th & 19th Dec, 2009) “There is no Future without E- Markets.” - Dr. B. Mahadevan, Dean IIM – Bangalore “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 “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


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