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Cross-departmental collaboration and scalable solutions are important to maximizing ROI and adapting to changing citizen demands within budget constraints.” Consider the totalcost of ownership, not just upfront costs. Conduct rigorous vendor vetting, with an emphasis on reliability and long-term support.
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This includes totalcost of ownership data, detailed supplier profiles, and external business intelligence. Create a collaborative information analysis process. Synthesizing the data and turning it into meaningful action should be a collaborative process, not only internally but with key suppliers as well.
The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).
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