Current Situation
Procurement sources items from suppliers who are within a category or commodity, identified by their spend analysis tool, sourcing tool or another means. Capabilities by supplier is a manual process of gathering data from supply base engineers, supplier audits and supplier meetings. This takes many employees and employee hours to gather, synthesize and utilize the data for further discussions and decisions.
Goals and Objectives
By automating the data and information to real time for every supplier’s capabilities, the sourcing team can make immediate and real time selections for RFIs, Purchases and Contracts.
Technology Deployed
Enterprise Hardware, Personal devices, Cloud, Big data/analytics, Mobile, Applications, Connectivity Services, Cognitive, Next Generation Security, IoT
Use Case Summary
Organizations can now buy capacity, materials and immediate time within supplier sites to manufacturer required purchase parts because they know the supplier capabilities in real time.