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In today’s challenging global economy Procurement and Sourcing groups need to contribute to revenue growth, cost reduction and improved profitability. The most successful companies have shifting procurement focus from piece prices and transaction cost to strategic sourcing and total cost management.
Strategic Sourcing aims to reduce COGS (cost of goods sold) – not by reverse auctioning or “beating up” suppliers for lower prices, but rather by establishing systems for more effectively communication with suppliers and working with them on issues of quality, delivery, standardization and innovation. In short terms – strategic sourcing is about transforming your suppliers into partners. It will give your company a number of benefits
- Improved profit margins
- Cost reduction
- Quality improvement
- Rapid product innovation
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With PLM as the foundation, strategic sourcing solutions overcome the limitations of conventional e-sourcing and Supplier Relationship Management (SRM) tools by providing functionality in several key areas:
- Consolidation of all product-related information
- Secure access to product data for suppliers and internal groups
- Collaboration capabilities
- Integration with corporate ERP systems
- Handling of supplier suggestions
- Supplier performance tracking and quality plans
- Workflow for review and approval process
Our solutions for strategic sourcing is based on the ENOVIA PLM platform and the following applications:
ENOVIA MatrixOne products extend the product development process to the supply chain, including strategic sourcing, negotiation and quote management application for engineered products and services. It provides functionality that enables global organizations to streamline collaboration between customers, buyers and suppliers.
Sourcing Central
Supplier Central
Team Central
ENOVIA SmarTeam provides a web-based, project-oriented, collaborative portal that enables global product teams to easily, securely, and cost-effectively collaborate on and manage product information within their extended enterprise and across the supply chain.
Community Workspace
Supplier Chain Engineering Exchange
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