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Businesses today are often faced with high inventory and material costs as well as high transaction costs. These challenges may result from several factors including the inability to leverage volume buying, non-standardized processes, and multiple supplier contracts from different divisions.
The i2 Solution: i2 Consolidated Procurement
The i2 Collaborative Supply Execution suite offers i2 Consolidated Procurement, a solution designed to consolidate spend across multiple divisions, outsourced business, suppliers, and material types. It can provide a single system of reference and can link to multiple back-end systems allowing local processing. The solution is designed to enable easier rescheduling, substitution, and transfer of inventory from other locations to meet exception conditions. It also can provide companies with global visibility and tracking of all purchasing, as well as project-based purchasing.
Capabilities of i2 Consolidated Procurement can include:
- Centralizing purchasing and collaboration across all divisions, suppliers, and outsourced manufacturers across all geographies and item types
- Establishing a single system of reference that can link to multiple back-end systems allowing local processing
- Increased ease of rescheduling, substituting, or transferring inventory from other locations to meet exception conditions
- Obtaining global visibility and tracking of all purchasing, as well as project-based purchasing
Benefits of i2 Consolidated Procurement can include:
- Reduced purchasing costs due to:
- Rationalized supplier base and consolidated number of unique parts
- Increased price leverage through volumes and spend analysis
- Reduced expedited freight
- Improved compliance through use of preferred parts and suppliers
- Reduced inventory due to:
- Reduced material shortages
- Lower safety stocks
- Re-use of existing inventory in other locations
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