SynerTrade, Supplier relationship management

Supplier relationship management with SynerTrade skills

Supplier relationship management

 
SynerTrade, Supplier relationship management, Supplier relationship management with SynerTrade skills
SynerTrade, Supplier relationship management, Supplier relationship management with SynerTrade skills
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SynerTrade, Supplier relationship management, Supplier relationship management with SynerTrade skills
Software

ST6 Analysis and Optimization

How can I rapidly determine the scoring weights if numerous criteria such as price, quality, logistics, innovation, etc… need to be taken into account?” “I received 100 offers from suppliers on my RFQ- If I choose to place the business with only 3 suppliers, in order to minimize the risk, what is the difference between the lowest offer and my chosen supplier?Can I build myself a template database so that my favourite analysis and reports are always generated automatically?

SynerTrade 6 Analysis and Optimization provides Strategic Sourcing leaders the means to decide the best sourcing solution in the most complex environments.  The key features include:
  • 1. Powerful Scenario and What-If Analysis Builder:
    Step by step placing scenario builder.
    Back/forth navigation between scenarios supported.
    Preconfigured multi-scenario comparison reports.
    What/if-analysis with toggling of individual placing decisions and on the fly constraint modification.
  • 2. Identification of Optimal/Improved Solutions using Solver:
    Linear Programming (Simplex Style Optimization).

    Non-Linear Programming using genetic and simulated annealing algorithms.
    Graphical illustration of optimization progress reducing wait times and allowing interactive modifications.
  • 3. Expert System Advice on Category/Negotiation Strategy:
    /datas/images/Optimization3.jpgDialog Editor allowing the creation of new wizards and dialogues by power users.
    Expert system advice in multiple steps of the sourcing cycle, e.g. category strategy, RFx set-up, auction strategy wizard, renegotiation advice, etc.
    Feedback mechanisms allowing neural network style learning of Expert System wizards depending on user advice satisfaction.

  • 4. Questions & Answers based proposals for identifying your preferences on scoring criteria & weights:
    Pre-Configure workflows to set-up scoring criteria.
    Questions & Answers based support on inviting the right decision team and advice on selecting the right group decision rule.
    Conjoint Analysis based weight identification giving more objective weighting in line with the organization’s true preferences.

SynerTrade Value :

  • Easy to use interface how to define optimization scenarios and create new templates.
  • Powerful “Solver” functionality that combines proven linear, non-linear and simulated annealing optimization functionality.
  • Expert system style consulting on strategy with neural network feedback mechanism.
  • Conjoint Analysis based identification of scoring and decision making weights.
  • Seamless integration with all SynerTrade 6 modules (SynerTools eRFx, SynerTools eAuctions, Contract Management, etc.). Additionally, support of stand alone optimization usage.

 
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Benefits :

  • Expert System driven distribution of the organization’s best sourcing practices.
  • Higher savings, especially in situations with a lot of positions and uncertainty how much business should stay with incumbents.
  • Risk reduction by more complete scenario evaluation.
  • More rapid decision making by well prepared decision criteria, group decision rules and fully documented scenario analysis.

 

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