Supplier Relationship Management

SRM Collaborative Platform - TXTCHAIN

TXTCHAIN is a SRM (Supplier Relationship Management) collaborative platform. It supports all the actors in the value chain (suppliers, subcontractors, logistics service providers and their customers) in the easy exchange of information and documents, negotiation of supply terms, monitoring performances and synchronization of activities.

The solution supports collaborative relationships, either 'one to many' or 'many to many', with the aim of realizing public or private marketplaces.

Functions

Sourcing & Order Management

• Call For Offer: the solution supports buyers and suppliers when negotiating supply relationships (price, delivery dates, terms of delivery..).
• Order Management: this solution automates the management and approval of both production and purchase orders. It supports order generation, as well as order confirmation, updating and tracking.

Catalogue & Document Management

• Catalogue Data Management: allows suppliers to easily publish their catalogues in a shared electronic environment. The system acts as a translator between suppliers' and customers' master data. Customers can see product codes in the way that is most familiar to them.
• Electronic Delivery Notes (EDN): this solution generates and transmits delivery notes and shipment orders through the system. Functions are available for order confirmation and tracking, as well as for the supervision of transportation.

Operations Control & Performance Measurement

• Production Progress Monitoring: enables the monitoring of subcontracted work. Reports about production progress can be easily shared and viewed with the desired level of detail.
• Event Management: helps users to intercept irregularities and critical situations before they may cause inefficiencies. The system automatically sends a notification when determined thresholds are crossed.
• Key Performance Indicators Management (KPI): the solution allows to attribute performance indicators to the activity of suppliers, subcontractors and logistics service providers and therefore to determine their reliability over time.

Benefits

• Shorter lead and reaction times
• Improved agility and control over processes, synchronization of internal and external partners' activities
• Better use of resources
• Reduction in direct and indirect costs within procurement, inventory and transport along with better management of urgencies or priorities
• Win-win approach between company and partners
• Elimination of the bullwhip effect.

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