Manufacturing companies are under increasing pressure to accelerate their time to market. Addressing this demand results in a complex, decentralized global supply chain and increases the complexity and volume of suppliers. PRGX can help manage your supplier network while also helping you identify areas to improve the efficiency of your supply chain.
Optimize Supplier Management & Supply Chain
To keep up with an increasingly competitive marketplace and demanding consumers, manufacturers need solutions to help manage all supply chain aspects, including the vast network of suppliers. PRGX can help manage profitability while also providing a holistic view of all suppliers — saving money and mitigating risk.
Business Challenges for Manufacturers
Constant Innovation
Staying competitive requires getting new products to market faster and more reliably than anyone else. To do that, you need the financial means to invest in continuous innovation.
Supplier Management
With the vast number of suppliers in your network, staying on top of each and every one is virtually impossible. Tools that help you keep supplier information up to date and help you manage contracts and communication and mission critical.
Detailed Spend Visibility
Understanding exactly what you are spending — at a category, banner or even SKU level — is critical to negotiation, merchandising and inventory strategy planning.
High-quality supplier data is critical to achieving procurement strategies. We can help design and implement a supplier data management strategy reducing risk, maintaining compliance and improving spend management.
PRGX Supplier Information Management Organize and manage comprehensive supplier information while maximizing supplier engagement and data quality across a global supplier base to minimize risk and increase efficiency.
Deduction Management Automate your process to improve efficiency and bring better visibility to dispute data. You’ll experience increased accuracy, reduced dispute resolution costs and improved supplier relationships.
Contract Compliance Audit We can help reduce contractual risks and maximize supplier performance, focusing on the suppliers and contracts that present the greatest risks. You’ll get maximized returns, reduced risk and insights that improve supplier contract management and controls moving forward.
PRGX’s fact-based approach combines data with our deep industry benchmarking and analytical capabilities to provide visibility into current payment terms across suppliers, categories and business units. We’ll uncover optimization opportunities in three key areas:
Days Payable Outstanding Ensure a long and standard payable cycle while meeting on-time expectations
Days Sales Outstanding Fulfill orders and achieve payments in the quickest possible manner
Days Inventory Outstanding Manage inventory to meet demand while minimizing holding and transfer costs
Source-to-Pay Analytics (PRGX Optix™)
Increase negotiating leverage and improve merchandising strategies. With deep data analysis, determine true product or item costs, maximize profitability through spend management and streamline inventory.
Built to recover overpayments, we’ll help analyze more than 300 potential points of leakage including merchandising, accounts payable and contract compliance.