Supplier Planning and Strategic Sourcing

Supplier Planning involves key suppliers early on, as your production plans are being developed. This allows your supply partners to flag alternate vendors or substitute products that may be required to meet production targets. It's a far more healthy approach than simply penalizing suppliers who can't meet your goals.

Strategic Sourcing gives you a basis for structuring and evaluating your entire procurement process, i.e., helping you determine overall vendor base rationalization and vendor measurement processes.

Both help you drive true collaboration with suppliers.

Key Benefits of P4D's Supplier Planning and Strategic Sourcing Capabilities:

• Maximize savings and efficiency by developing an optimized sourcing matrix that best aligns the capabilities and requirements of the production plants, distribution centers, products, and customers throughout your distribution network
• Drive Supplier Relationship Management (SRM) initiatives—Examine the processes and business rules governing your supplier relationships and evaluate opportunities for improvements such as collaboration, better visibility, increasing reliability, or reducing your supplier base
• Easily substitute components based on supplier availability
• Quickly compare raw material prices among vendors
• Provide suppliers with the ability to anticipate your production needs
• Achieve consistent direct costs from week to week
• Fairly and accurately rate supplier performance