Optimize Your Growing Supply Chain
To remain competitive, heavy manufacturers need solutions to manage the entire supply chain, including working with a vast number of suppliers. We help you manage your profitability while delivering a holistic view of your supplier network, allowing you to minimize revenue loss, maximize value and mitigate risk.
Face These Heavy Manufacturing Challenges Head-On
Compete Through Innovation
Because competitiveness and innovation go hand-in-hand, maintaining a leadership position requires you to act earlier and improve your bottom line sooner. To compete for the long haul, we help identify the financial means that can help you update your products or get them to market faster than the rest.
It’s virtually impossible to keep up with a vast number of suppliers, varying contract terms and conflicting contract language. We bring this information together to help discover anomalies, keep supplier information current and manage contracts effectively.
Detailed Spend Visibility
Full visibility into your distinct spending categories is critical to your long-term planning. Our data-led approach helps provide full spending visibility, ensuring effective negotiations, merchandising and inventory strategy planning.
Accounts Payable Recovery Audit
Outsmart the Spend Cycle
Although untapped value exists within your source-to-pay data, the resources for finding that value are scarce. Common errors like duplicate payments can lead to millions of dollars in lost profit. Our Accounts Payable Recovery Audit helps companies identify and recoup funds across a myriad of settings and prevents the errors from happening again.
Our comprehensive approach reviews all major factors of your accounts payable process, including:
- Escheatment avoidance
- Sales and use tax
Realize Maximum Contract Value
With the significant number of third parties you manage, making sure they fully deliver on contracted terms can be a huge task. Our Contract Compliance Audit services help ensure that your contracts are thorough and effective and that all third parties are performing and invoicing to your negotiated agreements.
Our services cover:
- Price variance
- Labor rates and per diems
- Equipment and materials
- Mark-ups and multipliers
- Profit and overhead
- Negotiated supplier agreements
More Data, More Expertise, More Value
Every day that your source-to-pay cycle isn’t optimized is a missed opportunity to find the resources you need to invest in and grow your business. Our Advanced Analytics combine industry-leading consulting and data expertise with robust tools to rapidly uncover insight and take action to deliver bottom-line results.
There are a multitude of complexities in today’s business environment that can hinder audit productivity, ultimately costing you time and money. To overcome these challenges, PRGX utilizes a proven, 6-stage...
Supplier relationships are important in just about every type of industry. But for pharmaceutical manufacturers that often must rely on sole-source suppliers for key materials, preserving those relationships is absolutely...
Originally appeared in Technology Magazine's July 2021 Edition. Overpayments, missed discounts, shipment shortages: these errors are not strangers to companies coping with the aftershocks of COVID-19. While supply chains have...