MANUFACTURING
Inventory & Supply Analytics
Powerful Inventory, Cost & Supply Analytics, enabling manufacturers to dissect procurement costs, benchmark against market trends, and evaluate supplier performance. This leads to reduced spend, optimized sourcing, and improved procurement decisions.
Business Challenge
Manufacturers face constant pressure to control procurement costs and manage supplier relationships effectively. Without robust analytics, it's difficult to track item cost fluctuations against market indices, assess supplier price variances, understand contract favorability, and objectively score supplier performance, leading to missed savings opportunities.
Fluidata’s Solution
Inventory, Cost & Supply Analytics dashboard (showcased above) to provide:
Detailed Cost Analysis: Tracking Inventory Cost (including Monthly Average and MoM% Change), and comparing Item Cost v. Market Index, highlighting Cost Index Variance.
Supplier Performance Management: Analyzing Supplier Price vs. Index Price Variance and providing a transparent Supplier Score based on multiple performance factors.
Actionable Procurement Insights: Facilitating analysis of procurement costs with monthly trends, supplier price variance, and item vs. public index comparisons. The solution helps track cost fluctuations, contract favorability, and supplier scores to reduce spend and optimize sourcing.
Targeted Impact
Reduce procurement spend through better cost visibility and control.
Optimize sourcing strategies based on comprehensive supplier performance data.
Improve negotiation power with suppliers leveraging market index comparisons.
Enhance ability to make proactive and informed procurement decisions.
