Web-Based Software helps manage costs and raise profits.
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Press Release Summary:
Designed to bring supplier cost savings compliance to businesses of all sizes, KPI Scorecard enables companies to define, measure, and enhance supplier performance to meet their business goals in real-time. Results can boost revenue and operating margins by reallocating valuable resources to core business functions. Program offers automated entry and approval functions, single data repository, advanced workflow approval process, and customized cost savings documentation.
Original Press Release:
Advanced Web-Based Application Enables Complete Control Over Supplier Cost Savings Compliance
KPI Scorecard facilitates powerful, adaptable and efficient supplier monitoring and evaluation to manage costs and raise profits
ANN ARBOR, Mich., June 17 /-- Ann Arbor, Mich.-based TrackSpeed today launched a Web-based enterprise-class application designed to bring the highest standard of supplier cost savings compliance to businesses of all sizes and operating in any industry. From purchasing and supply chain executives to small- and medium-sized business owners, customers can use the broad range of tools available in the KPI Scorecard package to control costs and increase profits by efficiently aligning supplier activities with organizational goals. Information on the new product is available at www.kpiscorecard.com .
"As the top-level strategic goals of an organization change, so should the top-level criteria against which the organization measures its suppliers," said TrackSpeed President and CEO Brent Ray. "The KPI Scorecard is highly flexible and configurable. It's designed to evolve with the growth of a business and accommodate the changing needs of a dynamic supply chain -- without the burden of excessive overhead and IT infrastructure costs."
The latest addition to a portfolio of supply chain technology solutions developed by TrackSpeed, KPI Scorecard makes it possible for companies to define, measure and enhance supplier performance to meet their business goals in real-time and with rigorous consistency. The results can boost revenue and operating margins by reallocating valuable resources to core business functions.
KPI Scorecard is available as a 30-day free trial and features a monthly subscription rate of $99 per month, which correlates with individual site (facility) locations. It gives decision-makers access to a powerful and completely customizable supplier control system for a fraction of the cost associated with more complicated systems offering similar or lesser capabilities.
"A highly coordinated and efficient supply chain is essential for companies seeking to adopt lean and agile practices to remain competitive and viable," Ray said. "If they do not administer supplier KPIs (key performance indicators), many companies are missing opportunities to boost profits and mitigate risk."
Customers can utilize KPI Scorecard to establish and monitor progress toward a variety of goals, including lean manufacturing objectives, MBE (Minority Business Enterprise) and diversity spending, environmental "green" initiatives, cost avoidance (CA) programs and low-cost country sourcing (LCCS) targets.
Any business, regardless of size, can better manage supplier performance with the help of KPI Scorecard's robust capabilities, which include:
-- Automated entry and approval functions
-- On-demand, real-time scorecard measures
-- Single data repository to eliminate inefficiencies and maintain consistency
-- Advanced workflow approval process to ensure consistent procedures
-- Flexible data-input modes and real-time graphical performance displays
-- Customized cost savings documentation (CSD)
-- Simplified setup procedures to eliminate dependence upon IT resources.
Suppliers can implement KPI Scorecard to gain an advantage over the competition. With KPI Scorecard, suppliers have instant access to a user-friendly portal for submitting standardized cost savings templates. Suppliers and their customers exchange vital supply chain performance data while gaining visibility to the exact status of cost improvement projects and cost savings documentation (CSD).
About TrackSpeed, LLC
Established in April 2003, TrackSpeed has earned impressive credentials and industry experience by assisting multi-national and Fortune 1000 clients with enterprise-class supply chain software and consulting services. TrackSpeed designs and develops tools that address key issues relevant to material management, spend management, supplier key performance indicators (KPIs) and the disposition of excess and obsolete (E&O) inventory and assets.
CONTACT: Zak Walsh of TrackSpeed, LLC, +1-248-626-0006
Web site: www.kpiscorecard.com/
