The transition from a mail and Excel based supplier management approach will take a company from a reactive approach —always chasing your parts, past dues, line stoppages and suppliers —to a proactive methodology.
Organizations report that they saw major productivity and administrative cost benefits when they moved from phone, email and spreadsheet-based communications to electronic communications. They saw even more value when they also moved toward process collaborations, including lead-time reductions, improved customer service and significant revenue growth.
So, it’s no surprise that in a recent Forrester Consulting Thought Leadership Paper, written after the COVID-19 outbreak and titled “Collaborate to Win Procurement’s Strategic Value Hinges On Enhanced Collaboration With Business Units And Suppliers”, one of the main recommendations is: “Implement supplier value management software to digitize collaboration. You need modern software that is easy for procurement to use and that facilitates collaboration with suppliers. Exchange and processing of formal documents such as purchase orders … should be fully digital; this is table stakes if you want suppliers to want to collaborate with you. In addition, your SVM software should streamline the flow of other types of information, such as schedule changes, revised delivery dates, and invoice queries.”
At IDAS, we’re always working on thought leadership pieces to help us all prepare for the future. Join our monthly webinars to stay ahead of the curve in the supplier business and learn more on the ROI business case and the top benefits you can gain through advanced supplier collaboration. Register right here, right now, by clicking the following link
By definition, Heat Maps are graphical representations of data that utilize color-coded systems. The primary purpose of Heat Maps is to better visualize the volume of locations/events within a dataset and assist in directing viewers towards areas on data visualizations that matter most.But they’re much more than that. What many people don’t realize, is that Heat Maps can be applied to a handful of data visualizations. This is especially true when dealing with large volumes of data, as colors are easier to distinguish and make sense of than raw numbers. Heat Maps are extremely versatile and efficient in drawing attention to trends, and Heat Maps are innately self-explanatory with the ability to rapidly communicate key data insights to the viewer. That’s the reason we're starting to introduce a variety of heat maps in our supplier management tools: from an overview and comparison of all suppliers to easily track suppliers with current and upcoming delivery and capacity issues to supplier-specific heat maps to view supplier trends in the last 6 months and from their a drill down on specific part numbers.
IDAS Unique integration of cutting-edge technology based on a proven worldwide communication tool and the next generation of parts prediction algorithm or PPA.
The Supply chain set of tools were built to help SCM teams better track suppliers open PO's and manufactured parts by allowing suppliers to update data in an easy, simple and fast secured web portal. The tools which include the Supplier Portal, Supplier Shipments and parts tracking ,will streamline the flow of information between suppliers and SCM teams there by increasing visibility, traceability and giving you the tools to communicate and take the right decisions to achieve on time deliveries.
We take pride in our ground-breaking PPA Algorithm which allows supply chain teams to assess and measure suppliers data and activity over time. This includes historical and current acknowledgments, manufacturing, and shipping trends and data. PPA offers a prediction system and indicator for your manufactured parts at your suppliers, allowing you to make the appropriate decisions and to manage and guarantee on-time delivery.
Our LOB Service will help you address the question of how aligned is supplier specific parts production with your demand. Save time , money and resources currently allocated to contacting and managing your suppliers, with our on line automatic and on site capabilities.
With a simple view, our heat maps will help any supply chain team better understand where the bottle necks are located. If its on all suppliers, specific commodities or projects or on a part basis, save time and efforts analyzing your issues and start being proactive and work immediately to solve the upcoming performance and communication failures.