Real-Time actionable storyboard for order to cash process
Real-time operational visibility
Manage by Exceptions
Prioritize. Act now
Monitor. Predict. Optimize
OpsVeda—Supply Management solution enables real-time tracking of the end-to-end procure-to-pay process. Any inconsistency (For example: vendor commitment not in-line with expectation) is sensed as the transactions happen, and the system predicts the impact it will have downstream. Decision support apps, threshold-based alerts and trend trackers are delivered through intuitive storyboards and simplify the decision making process for procurement personnel.
EFFICIENCY. ACCURACY. VISIBILITY
- Numerous Suppliers
- Increased Geographic Spread
- Increased Product Count
- Shorter Product Life-cycles
- Frequent Process Changes
- PO/STO Traceability
- Task Prioritization
- Impact Estimation
- Progress Monitoring
- IT Dependency
THE OPSVEDA SOLUTION
- Real-time Process View
Real-time Process View
OpsVeda – Supply Management combines process steps related data from your supplier systems with data in your ERP and other internal systems. This allows the user to monitor the end to end view of the process at any level – a chosen time-frame, vendor, PO or material. More importantly it allows the user to drill-down from a step that is the cause of an impending exception to downstream steps to estimate the extent of impact and decide on the course of action.
- Predicted Exception based Task List
Predicted Exception based Task List
Your procurement team is dealing with thousands of purchase and stock transport orders every day making it difficult to identify the few orders that need their immediate attention. OpsVeda-Supply Management will predict impending exceptions based on current data and past trends . Thus your team will know about an exception well before it disrupts the production floor. It will also prioritize the potential exceptions based on time-lines and value/number of down-steam customer orders impacted. For your procurement team it would be a paradigm shift — manage based on exceptions as opposed to drowning in data.
Impact Analysis through Search
Disruption to a particular activity in the purchasing cycle could have a cascading impact. OpsVeda’s search feature allows the user to assess downstream impact effortlessly . For eg. if it is apparent that a certain material is not going to arrive on time, the logical step would be to assess the production orders that would be impacted and all that the user has to do is to type the material code in the search box.
- Time Travel
The time-travel feature helps the manager compare the status of exceptions at different points of time. The comparison can be at the overview level or at the level of an individual exception. Thus, managers have a real-time view of how the team is progressing with resolving exceptions.
- Business Authored Rules
Business Authored Rules
OpsVeda provides a user-friendly interface where business users can define rules and exceptions. So, the procurement team need not be dependent on IT to adapt to a rapidly changing business environment. They just have to define exceptions based on predefined parameters. The system comes with content that maps common procurement steps in the Hi-Tech, Apparel & Footwear, Consumer Packaged Goods and Pharmaceutical industries enabling a quick implementation and adoption of best practices. This pre-configured content can be easily adapted to your specific processes, and as changes to processes happen the same can be mapped easily without any dependence on IT.
On-time order confirmation to your customers
The lack of PO status visibility will no longer affect your product available to promise (ATP) commits. With OpsVeda, the current status is always available to procurement and sales teams.
Improved internal & external customer satisfaction
Every customer hates surprises. With OpsVeda—Supply Management, your team will know of exceptions before they disrupt the process. Thus, your team can fix the issues before they surprise you and your customers.
Your procurement team spends time in reducing value chain inefficiencies rather than focusing on delivering against individual PO/STOs.
OpsVeda – Supply Management comes with features that will enable users to collaborate through unstructured email communication and still maintain the context of the structured data. No more copy & paste for maintaining context.