Software identifies supplier performance problems.
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Press Release Summary:
Vertical packaged solution combines tailored Supplier Performance Management and Inventory Performance Management systems to help electronic manufacturing services providers increase efficiency across procurement and material operations. Software enables customers to reduce shortages and overages through improvements in the procurement process.
Original Press Release:
SeeCommerce Introduces Performance Management Solution for Electronic Manufacturing Services (EMS) Companies
Offering Addresses Key EMS Business Issues and Delivers Ability to Lower Costs and Increase Efficiency Across Supplier and Inventory Operations
PALO ALTO, Calif., December 11, 2002-SeeCommerce, a leading provider of supply chain performance management (SCPM) applications, announced today the availability of new a vertical packaged solution designed specifically to meet the needs of the electronic manufacturing services (EMS) industry. SeeCommerce's EMS package better enables customers to address problems such as shrinking margins, limited visibility into global inventory positions and increased inventory liability. The solution incorporates two industry-specific SCPM offerings-Supplier Performance Management and Inventory Performance Management-and is the first of its kind tailored specifically to help EMS providers lower costs and increase efficiency across procurement and material operations.
"Certainly, there are elements of supply chain performance management that are particular to a specific vertical market. You need to go through and make sure you are monitoring and alerting on the specific functions relevant in your industry," said John Hagerty, vice president of AMR Research's Enterprise Management Service, in a recent MSI article. "In tailoring its products to the needs and hot-buttons of a particular sector, SeeCommerce should find a receptive ear when discussing how its solutions deliver real value."
"In today's economic environment, OEMs rely on EMS providers to continually trim their costs; however, due to issues stemming from their rapid growth by acquisition, EMS companies do not have the control they need over their supply chains," said Jason Amaral, director of product marketing for SeeCommerce. "By implementing SeeCommerce's EMS package, manufacturers are now armed with an even greater capacity to take action on the inefficiencies of their operations, so they can increase their margins and be more competitive."
EMS companies face increasing pressure to lower the cost of procurement and increase their ability to respond to changes in demand. Unfortunately, supply chain issues that cannot be readily identified or correlated to a specific cause take much longer to resolve. EMS companies need the ability to rapidly identify and correct problems such as poor responsiveness, variable lead times, non-compliance with contract terms and low quality. With SeeChain, EMS companies will be able to quickly identify and understand supplier performance problems, act urgently to solve them and then validate the results-critical for preventing the problems from reoccurring and also for continually improving overall corporate performance. As a result, EMS companies can reduce the cost of procurement and increase responsiveness.
SeeCommerce's new offerings could help EMS companies save millions of dollars by reducing shortages and overages-and associated costs-through improving the performance of the procurement process. Historically, savings for SeeChain customers have included nearly 20 percent on inventory and savings of tens of millions of dollars from improved supplier performance. The offering will enable companies to address supplier and inventory performance through SeeCommerce's proven methodologies that deal with performance problems in four steps:
oIdentify: SeeChain notifies buyers with prioritized alerts when supplier performance drops below acceptable levels for quality, timeliness, etc., allowing companies to address the problem quickly, before it can affect the bottom line
oUnderstand: The solution then evaluates the reasons for problem and enables collaboration with original and alternative suppliers, allowing companies to see the implications changes have on the rest of the supply chain
oAct: SeeChain enables companies to create responses to the performance problems-such as expedited shipments from supplier, cross-consumption from other locations or alternate vendor selection-allowing them to make the most efficient improvements for their business.
oValidate: Finally, SeeChain allows companies to continuously improve by validating the results of their actions.
For more information about SeeCommerce's new vertical package solution set, please visit www.seecommerce.com/solutions/.
About SeeCommerce SeeCommerce is a leading provider of supply chain performance management applications. SeeCommerce enables business managers and trading partners to continuously manage and improve business performance across complex supply chains. Headquartered in Palo Alto, California, SeeCommerce distributes its products through an international network of direct and indirect sales channels. SeeCommerce recently made both the Red Herring 100 for the second consecutive year, in addition to being named one of the Top 10 Investors' Choice at Technologic Partners' Enterprise Outlook conference, and one of the 25 Emerging Companies To Watch by Managing Automation magazine. For more information, visit the company's Web site at www.seecommerce.com.
