Customers’ demand for increased agility, price pressures, and the trend towards globalization mean new challenges to companies. In such a complex scenario, developing a responsive partner base, establishing a common frame to enable communication and committing to a strategic relationship with partners is absolutely crucial. Forward thinking companies are well aware of this and work to leverage the enormous potential that lies in Supplier Collaboration.
With TXT, organizations are able to manage all aspects of SRM in one single web environment: sourcing and contract negotiation, procurement and order management, logistics and quality control including event and performance management.
HOW: The TXT SRM solution allows a company and its Business Partners acting as a single enterprise, enabling visibility and one version of the truth across the supply chain. Organizations can negotiate volumes and deadlines as well as the contractual aspects of suppliers and subcontractors relationships. Users will be able to more efficiently manage and monitor production progress and delivery plans and assess their partners' performances based on KPIs.
Downstream TXT's SRM capabilities provide subcontractors, suppliers and logistics service providers with a complete overview of their respective orders. They can monitor progress by setting up automatic updates on order status, issue notifications and exchange messages and documents. The event management functionality highlights issues in critical processes and enables timely corrective action, whilst the workflow management capabilities of the solution enable design and manage internal and external processes involving partners.