It helps to align Sourcing and Design Teams from the beginning of product development.
It manages cost and risk to improve product margins, track and manage vendor performance, improve sample production and management.
Features
Track Supplier quoted costs down to the Item level and compare across multiple quotes
Track purchase order and shipment performance to understand on-time and other performance metrics
Monitor sample progress through each step in the process, from initial order to acceptance for production
Use dashboards and scorecards to monitor regulatory compliance, performance metrics and more.
Calculate fully landed costs, including shipping, containerization, duties, tariff, insurance and Freight on Board (FOB) costs.
Benefits
Enable solid pricing negotiations to drive costs out of the supply chain
Track vendor, supplier and factory compliance
Manage risk by selecting suppliers with the best records for on-time delivery, best quality ranking etc
Speed the sample request and tracking process to avoid costly product delivery development delays
The Product Sourcing module facilitates efficient supplier collaboration and allows Users to define Supplier details, factory and shipping details within the module. Flexible Purchase Order management allows for consolidation of colors and size variations in a single order as well as Materials on POs.