Manage live demand, supply, inventory & in-transit to optimize revenue, margins, and risk
Real-time operational visibility
Manage by exceptions
In-context collaboration with partners
Monitor. Predict. Optimize
Revenue Risk Management app from OpsVeda enables managers to proactively identify and mitigate risks. It gives them visibility to various demand elements that are at risk, the source and nature of risk. Maximize revenue and margins, powered by real-time operational intelligence.
Proactive identification and addressing of risks leads to higher revenue and improved customer satisfaction.
When you are clear about the transactions that need your teams’ or your vendor’s attention, collaboration becomes a lot easier.
When all risks are visible and accurately classified, the estimates provided to the management will be far more reliable and hence actionable.
The system helps zero in on the root causes of various risks ensuring that teams are not spending time on unnecessary spreadsheet based analysis.
- Demand driven re-ordering
- Increased product variety and shorter life-cycles
- Non-compliance penalties/charges
- Custom requirements
- Frequent process changes
- Rapid order confirmation
- Backlog prioritization & communication
- Frequent expedites
- IT Dependency
THE OPSVEDA SOLUTION
- Real-time view of backlogs & unconfirmed orders
Real-time View of Unconfirmed Orders & Backlogs
Events from various internal & external back-end systems like ERP & CRM are streamed to OpsVeda-Order Fulfillment and processed in real-time to highlight cases of current & potential backlogs. Further the system provides a real-time view of orders that have been received but not confirmed. This assists the management to focus on the orders/customers who need attention right now. OpsVeda — Order Fulfillment also comes with a Time Travel feature that will allow the manager to track progress in confirming orders and resolving backlogs. The system allows comparison of operational status at different time instances at any level of organizational granularity.
- Filtered & prioritized task list
Filtered & Prioritized Task List
Your sales operations team is dealing with tens of thousands of orders every day. Today they are probably reacting to customer feedback and prioritizing based on the customer who is shouting the loudest. With OpsVeda — Order Fulfillment, your team will know about an exception well before it disrupts the sales process. It will even prioritize the potential exceptions based on time-lines, order value, customer satisfaction scores etc. Further the application will also allow the user to view the exceptions in graphical form, slice & dice the exceptions and drill-down to the sales document that needs to be worked on.
- In-context collaboration
Identifying an exception is only the first step. Typically the resolution process involves collaboration between the sales operations team and various stake-holders — production, finance, logistics provider, customer etc. OpsVeda – Order Fulfillment 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. The application will also allow the user to park and review exceptions, tag line items for alerts against unexpected exceptions, thus helping them to organize their tasks and at the same time allow for wait times that are normally part of the exception resolution process.
Impact Analysis through Search
A disruption at any stage in the order to cash chain could have an impact on customer commitments. The system comes with a search feature where the user can assess the impact of an event. For eg. if a shipment is stuck at customs, the logical step would be to check the orders that would be impacted and to inform the customer in advance and all that the user has to do is to type the material code in the search box.
- Machine learned & business authored rules
Machine learned & business authored rules
The sales operations team could be making hundreds of decisions every day. OpsVeda’s machine learning capabilities enables the system to correlate the business situations and decisions for future prescription, thereby boosting productivity.
Business processes are dynamic and new exception types could become a requirement any time. OpsVeda provides a user-friendly interface where business users can define rules and exceptions – no more dependence on IT for rule changes.