How will correct specifications have a positive impact on your P&L?

Back to the specifications! Buyers will be totally lost without the right functional and/or technical specifications. This applies to both products and services. Buyers can soon loose track and consequently lose money! How can this be prevented?

A very close partnership with internal (R&D, Production, Logistics, Quality, etc.) and external stakeholders is crucial and holds the key! You need access to the right tools in order to source the best TCO deal for purchasing in the market and achieve the best bottom line results for the company.

The risks associated with poor specifications that have not been kept up to date exceed the level of purely administrative problems. Poor or inadequate specifications for products and/or services could lead to complete dependence upon your suppliers, from both a knowledge and commercial point of view. This will lead to lost purchasing advantages and leverage, and your company will risk losing business to the competition.

Moreover, you need the right tools in order to monitor the situation, measure and highlight weak points within your own organisation!

Solvint has developed a Specification Management Tool, based on its own know-how, experience and expertise, specifically for this purpose. Automatic specification management will improve your specification management process very quickly and efficiently, which in turn will result in an enhanced development circle, greatly reduced costs and enhanced quality.

The concept on basis of which this tool has been developed includes these products (NPR or PR) / services specifications, bill of material, has reduced process problems to a minimum and maximised efforts in the following areas:

• Specifications associated with the creation, tracking, approval and returns of products and services have been simplified and streamlined.
• Users are able to search quickly and efficiently via specific fields in the specification templates, execute where-used look ups and identify the required product information in just a few seconds.
• In the event of new or revised specifications, the right users immediately receive the right information at the right time via e-mail.
• Users can only use the most up to date, approved specifications, Bill of Material, so that the risk of obsolete information is eliminated.
• Product and service specifications are always accessible and identifiable throughout the workflow process and thus facilitate the option to approve and release information for required deadlines.
• Ensure that interdependent revisions and drawings or specifications are revised, or can proceed to production, simultaneously.
• Online cooperation enables teams of users (both internal and external) to leverage their know-how in order to improve both the internal and external decision making process.
• The preparation of both internal and external audits is simplified, thus contributing to successful operations.

The Solvint Specification Management Tool also plays a key part in the quality product development process.

With a critical product flow, in a progressive organisation …. companies have recognised the need to strengthen their position and, as a result of faster development lifecycles, the need to realise a rapid return on investment. However, it is the long term value that is acknowledged by users and identified as follows:

• Increased employee responsiveness: whether employees are involved in the review of documents, cooperation or approval, the turnaround time for completion must be speeded up.
• Improved product quality: accurate information, team cooperation and efficient processes support improved production.
• Reduced costs: companies are able to reduce the workload considerably with consistent quality procedures, accelerated responsibility and improved product development.
• Accelerated speed to market: with employees, who continue to implement their combined efforts consistently and correctly and are better able to respond to assignments, and users who can reliably assess more accurate, up to date information more quickly, the time needed to bring products to the market can also be accelerated.
• Enhanced profits: when products are produced with fewer errors, less spare parts will be generated, they can be brought to market more quickly and companies will realise that they can take control of a share of the market.
• Company growth and expansion: higher profits will support growth and development.

Monitor your purchase business development

Although most procurement organisations are assessed by their ability to reduce the total company spend on a continual basis, traditional procurement software systems will offer a few initial savings that soon evaporate – i.e. procurement executives will have to battle to achieve financial targets year upon year.

Spend analysis is one of the most important components of strategic sourcing. Prior to being able to strategically source something you need to know how much you will purchase, from whom, how much you will buy per supplier, commodity, which products, materials and other items are purchased from each supplier.

Obviously you need to know first how to collate and analyse the data.

This strategic solution enables you not only to identify from whom to buy, but also what you buy from which supplier, and when and how it was bought. Solvint’s Spend Analysis Tool makes it possible to extract and analyse any type of data from any existing system in an instant. Furthermore, Solvint’s Spend Analysis Tool can identify each key commodity from different suppliers and help you prioritise your strategic sourcing efforts.

In view of the fact that the Spend Analysis Tool process is based on the Kraljic methodology with categories in PR, NPR or Services, it will be very easy to monitor your company spend developments.

Solvint’s Spend Analysis Tool will also assist you to reduce your overall spend and supplier risk.Finally you will be able to determine which suppliers best suit your company’s requirements.

• Solvint’s Spend Analysis Tool helps users to customise their views on spend information, so that the most appropriate data is available at all times to support the decision making process.
• Solvint’s Spend Analysis Tool extracts data from all procurement systems throughout the company.
• Solvint’s Spend Analysis Tool has been developed and designed to process complex multi-site, global environment and large data volumes.
• Combined with the Solvint’s TeNCoRa and Specification Management Tool, Solvint’s Spend Analysis Tool submits optimised recommendations on how best to realise your sourcing targets.
• Solvint’s Spend Analysis Tool provides best practice reports, to enable you to identify web based cost-saving opportunities that recognize ad hoc querying and customised reporting.
• Solvint’s Spend Analysis Tool is a component of Solvint’s E Sourcing Tools, a comprehensive, integrated set of web based tools and analytical applications that enable you to enhance your procurement departments’ insight into their purchases, suppliers and performance and thus allows them to make better strategic sourcing decisions.

Achieve Solid Sourcing Results

Making excellent sourcing easy

The TeNCoRa e-Sourcing solution streamlines your entire sourcing process. You’ll be surprised by the way you source, you’ll get excited by the results you achieve. Go beyond cost savings - save money by eliminating non-value-added activities, reduce sourcing costs and cycle times. Quick-to-implement, TeNCoRa helps you to master the challenge of excellent sourcing across multiple business locations in a global supplier marketplace

No hype, just results

The TeNCoRa e-Sourcing Platform is a powerful, visionary solution that helps you strengthen your supplier relationships, improve your sourcing results, anticipate your workload, and optimize your sourcing process, from quotation to contract and performance. Our sourcing expertise has been perfected by years of extensive experience in many customer-driven projects. The basic principle of TeNCoRa is to give you a powerful solution that incorporates our solid sourcing knowledge

Addressing innovation to support your goals

The design of TeNCoRa is based on a unique mix of sourcing expertise, functions and easy-to-use electronic business services. You can rely on a platform that truly matches your sourcing environment. A superior Quote-to-Contract process, facilitated by robust online capabilities, is an essential business process if you want to achieve sourcing excellence and strive to establish and maintain sourcing results in today’s “we need savings and we need performance” environment of mass competition.

Your Core Values

TeNCoRa migrates sourcing experts from traditional purchasing to online internet buying and value-based contract management. Your sourcing project teams, inside staff and suppliers are guided by an advanced sourcing workflow to identify your best suppliers, create supplier value scorecards, validate tender models, obtain pricing, negotiate online, generate contracts, and evaluate supplier performance. TeNCoRa gives you a centralized repository so you can re-use sourcing data and perform sourcing benchmarks. No matter how complex your services, specifications or requirements may be, TeNCoRa enables you to maximize your sourcing results for a wide range of goods and services.

Dedicated to Your Needs

Our solid sourcing expertise, dedication and IT solutions improve your skills to ensure your success, SOLVTRACK has made considerable investments in developing methodologies that are easy to use, result-oriented and fully integrated with our solid, inspirational sourcing expertise. With our commitment to best practices and customer care, our professional customer service team is devoted to ensure satisfaction throughout the TeNCoRa life cycle. SOLVTRACK will continue to invest in new, frequent updates to secure your excelling sourcing position. We offer a complete package of training courses, consulting services and support to help you plan, deploy, maintain and extend the benefits of your TeNCoRa e-Sourcing licence. The TeNCoRa implementation methodology ensures that the proper steps are identified and followed, the right resources are engaged at the right time in your project, and signoffs and check points are in place to measure the incremental progress and success of your implementation. Our experienced project managers and consultants excel at building multi-competency project teams, communicating regularly, and ensuring smooth deployment. Experienced managers using proven methodologies ensure that future projects and updates can be installed without any difficulties.

Your Primary Benefits

• Sourcing effectiveness and efficiency

1. Respond more quickly to market shifts and price changes.
2. Increase sourcing productivity by as much as 300%.
3. Instantly communicate pricing updates to the field.
4. Easily ensure supplier compliance with service, performance and pricing rules.
5. Deploy pricing strategies across multiple locations.
6. Eliminate unstructured sourcing activities.
7. Evaluate supplier values, risks and costs effortless and objectively.
8. Gain market power.

• Automated sourcing processes

1. Shorten your Quote-to-Contract process by weeks.
2. Reduce tender sourcing time by a factor of 4.
3. Eliminate costly RFIs and RFQs.
4. Be guided by alerts.
5. Easily involve other departments in your sourcing activities.
6. Ensure objective communication and messaging.
7. Track the progress of supplier responses automatically.
8. Consult online instruction manuals.

• Key Features

1. Multi-stage RFI & RFQ
1. Use category-specific scorecard templates.
2. Create bidding sheets online
3. Request price breakdowns, volume-based prices and total-lot discounts
4. Upload attachments.
5. Establish question & answer trails.
6. Enable internal verification of tenders.
7. Re-use and update previous tenders.
8. Consult supplier search engines.
9. Activate multiple currencies, payment conditions and unit of measurements.
2. Online Negotiation
1. Negotiate values, risks and costs online, all at the same time.
2. Determine your best tactical position.
3. Assess lot sequences, lead times, reserved price levels, and many other aspects..
3. Contract Management
1. Manage contract volumes across business locations.
2. Consult the contract search engine.
3. Perform contract benchmarks.
4. Supplier Performance Rating
1. Evaluate supplier performance.
2. Use dashboards to consult performance history.
3. Act on ratings (on-track or off-track).

On Line Negotiatie

Hoe kan je tijdsverlies vermijden, hoe kan je zeker zijn van deontologisch en ethisch aankopen?

Wat zijn de voordelen?

• Lagere transactiekosten - gestroomlijnde processen en transacties.
• Transparentie - grotere openheid omtrent de publicatie en toekenning van publieke contracten.
• Toegang tot nieuwe leveranciers - internet toegang laat geographische grenzen verdwijnen en creërt meer competitie in de markt.
• Tijdsbesparingen – snellere goedkeuringsprocessen, orderprocessen en kortere levertermijnen.

Voor de leveranciers?

• Gereduceerde kosten - electronische trading genereert snellere processing kosten, en kan helpen om de vergissingen te minimaliseren die vaak geasscoieerd worden met op papier gebaseerde werkmethodieken/systemen.
• Toegang tot nieuwe aankopers en markten - e procurement genereert een nieuw saleskanaal dat zeer veel nieuwe opportuniteiten opent voor leveranciers.
• Hogere sales - met toegang tot een bredere en ruimere markt, hebben leveranciers de mogelijkheid tot genereren van meer omzet, winsten.

Bovendien:

• Besparingen door het reduceren van de processingkosten en papierwerk.
• Meer gecentraliseerde controle over purchasing.
• Eenvoudiger, transparanter en meer gestroomlijnde processen en purchasing.
• Beter leveranciersmanagement en communicatie.
• Meer accurate leveranciers- en spend informatie.
• Betere controles op Maverick spend.
• Reductie in aantal leveranciers.

On Line Negotiatie

Hoe kan je tijdsverlies vermijden, hoe kan je zeker zijn van deontologisch en ethisch aankopen?

Wat zijn de voordelen?

• Lagere transactiekosten - gestroomlijnde processen en transacties.
• Transparentie - grotere openheid omtrent de publicatie en toekenning van publieke contracten.
• Toegang tot nieuwe leveranciers - internet toegang laat geographische grenzen verdwijnen en creërt meer competitie in de markt.
• Tijdsbesparingen – snellere goedkeuringsprocessen, orderprocessen en kortere levertermijnen.

Voor de leveranciers?

• Gereduceerde kosten - electronische trading genereert snellere processing kosten, en kan helpen om de vergissingen te minimaliseren die vaak geasscoieerd worden met op papier gebaseerde werkmethodieken/systemen.
• Toegang tot nieuwe aankopers en markten - e procurement genereert een nieuw saleskanaal dat zeer veel nieuwe opportuniteiten opent voor leveranciers.
• Hogere sales - met toegang tot een bredere en ruimere markt, hebben leveranciers de mogelijkheid tot genereren van meer omzet, winsten.

Bovendien:

• Besparingen door het reduceren van de processingkosten en papierwerk.
• Meer gecentraliseerde controle over purchasing.
• Eenvoudiger, transparanter en meer gestroomlijnde processen en purchasing.
• Beter leveranciersmanagement en communicatie.
• Meer accurate leveranciers- en spend informatie.
• Betere controles op Maverick spend.
• Reductie in aantal leveranciers.