Organizations face procurement challenges because of a lack of visibility to key data such as complete picture of supply costs, supplier risk and performance, complexity of manufacturing processes, and difficulty monitoring and mitigating risk associated with the supply chain network. GEP Direct Material Sourcing offers a variety of features to remove these obstacles, including:
- Item 360 Visibility
- Powerful Cost Analysis and Estimation
- Seamless Integration and Master Data Management
- Robust Bill of Materials (BOM) Management
- Powerful Category Management
- Automated Sourcing and Contract Management
- Advanced Analytics and Reporting
- Flexible and Collaborative Workflows
Item 360 Visibility
Provides a consolidated view of all activities occurring for a particular item throughout the system, including RFx activities, contracts, BOMs, demand and more. This can be accessed in many ways such as when searching the item for a Sourcing Request, or when viewing the items in a price sheet in an RFx.
Powerful Cost Analysis and Estimation
One-stop center for evaluating bids, contracts and purchase orders to determine cost estimations before initiating a sourcing event or negotiation. Sophisticated cost-driver analysis allows you to understand and all driving factors for cost drivers. The category-based market intelligence offers more than 75K global price indices, detailed data on 60+ countries.
Seamless Integration and Master Data Management
Seamless integration with all leading ERP, MES and PLM systems to centralize, synchronize and manage supplier and item master data including normalization, error detection and correction, and consolidation.
Robust Bill of Materials (BOM) Management
Import bills of materials from multiple systems and gain real-time visibility into all BOM items including latest specs, inventory, order status, contracts, supplier information, and shipment status. Choose a BOM from the repository and choose alternative costing scenarios for the parts in that BOM to understand the total cost of the product.
Powerful Category Management
A single end-to-end category-intelligence hub that enables visibility and oversight into spend for all category-related sourcing activities and guides the execution of various sourcing strategies based on key drivers, gathered insights, and AI-based recommendations within the powerful category workbench.
Automated Sourcing and Contract Management
Automate sourcing events, RFQs, and contracts, with pre-built templates and workflows, to streamline sourcing processes and reduce errors.
Advanced Analytics and Reporting
Leverage advanced analytics and reporting to gain visibility into spend patterns, supplier and trading partner ecosystem, and associated risks and costs.
Flexible and Collaborative Workflows
The system enables collaborative workflows, which are easily utilized across your organization from category managers and sourcing managers to product managers.
Why Choose GEP's Direct Material Sourcing Solution
Manage Costs More Effectively and Improve the Bottom Line
Achieve the best cost and quality balance; ensure compliance; speed up development and time to market; and ensure tight connections with upstream (suppliers) and downstream (customers and demand).
Gain access to real-time, up-to-date supplier data and market intelligence to identify and mitigate issues that would otherwise lead to disruptions and product/production interruptions. Improve agility and resiliency in meeting demand and market changes.
Configure With Agility
Low-code/no-code design simplifies IT requirements and configurable workflows for any industry and company-specific specifications.
Simplify direct material sourcing with a single, unified platform and shared visibility of data.
Build Resiliency and Sustainability
Enhance communication and collaboration, gain greater visibility and intelligence, select the right suppliers and ensure compliance for a more resilient and sustainable supply chain.
Improve direct material sourcing and margins for all items on BOM list and ensure updated production/engineering designs and specifications.
Identify Cost Drivers
Gain access to should-cost modeling, cost breakdowns, and 'what if' scenario modeling in order to understand cost and value drivers.