Current Situation
Currently suppliers are identified by a supplier number, category, performance or other facets. Many supply bases are extremely large as no rationalization of the supply base has taken place. Too many suppliers is too cumbersome for procurement and supply base managers to manage leading to extra management costs, missed leveraging opportunities for better pricing with suppliers and innovation possibilities.
Goals and Objectives
Too much time is spent trying to right size the supply base but also making sure new suppliers are considered for future business. This automates the rationalization process as well as identifies in real time the suppliers within given categories and commodities.
Technology Deployed
Enterprise Hardware, Personal devices, Cloud, Big data/analytics, Mobile, Applications, Connectivity Services, Cognitive, Next Generation Security, IoT
Use Case Summary
Automates the supplier rationalization process from supplier item and service type to commodity to category. It ties directly into the supplier lifecycle process, helping to manage the supply base.