Procurement Collaboration Template 3.0 allows
business users to easily configure applications to
exploit the unique requirements of their extended
procurement networks. The application manages RFQ
and PO process flows, monitors delivery fulfillment in
real-time, and proactively reacts to events which effect
the timely receipt of goods across a multi-tier supply
network . It also manages entire supplier network as
well as their performance. The application controls the
entire collaborative procurement process from defining
and managing policies to planning and analysis through
to executing against policies.
The template offers a comprehensive environment for
maintaining user defined purchasing and allocation
policies, including lead-times and sourcing rules.
Analyzes projected procurement levels, generates
appropriate alerts, facilitates the resolution of those
alerts, and allows buyers and sellers to negotiate then
commit to agreed upon orders. The template is
configured using the customer unique procurement
policies including time, event and hierarchical based
shortage alerting, split sourcing rules as well as
supplier quality and delivery performance. Procurement
Collaboration Template maintains a comprehensive
supplier network information, collect and accumulate
transaction data, generate real time alert or KPI report
for performance management. It enables Buyers and
Sellers to work together towards agreement on
quantities, price, and delivery dates. This results in
real time exchange of critical fulfillment information
and assured supply that allows the users to deal with
exceptions and focus on supply optimization, supplier
relationships and rapid re-alignment for variations in
market demand.
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