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Zumen is the only Procurement (Source-to-Pay) platform that understands how the Product Manufacturing companies manage their various New Product Development & Strategic (Re)Sourcing Programs.
- Create Programs (Projects)
- Add Program (Project) Plan
- Setup Milestones/ Phase-Gates
- Create & Manage Build Plans
- Review Build Readiness
Zumen is equipped with part-level granularity to manage your Bill of Materials. Track individual line items and ensure accurate flow of product information among all the stakeholders with Zumen’s unified platform.
- Import, View and Manage Bill of Materials
- View and Manage Parts Lists
- Create Item Codes
- View & Manage Engineering Changes
Product Development & Sourcing
Zumen offers a scalable, industry-standard format to estimate part costs and ensures that the costing is integrated with Part Life Cycle.
Manage all the sourcing communications and monitor sourcing contracts in real time.
- Create and Manage multiple RFPs
- Create and Manage Cost Estimates
- Send Request for Quotations
- Perform Quotation Negotiations
- Perform Sourcing Approvals
- Create and Manage Purchase Orders (Standard, Blanket, Spot)
- Monitor and Review Ordered Parts Status
Supplier Relationship Management
A comprehensive dashboard for searching and onboarding new suppliers, managing negotiations, monitoring supplier performance, and managing supplier relationships with ease.
Zumen offers the opportunity to discover and engage with new suppliers with a single click, and the onboarding process is handled completely online.
- Add, View and Manage Suppliers
- Evaluate Suppliers
- Monitor and Review Supplier Dashboards
Procurement Dashboard and Action Overview
Stay connected with your entire Source-to-Pay process with Zumen’s comprehensive dashboard. This all-inclusive module integrates data from multiple sources and exposes users to any pending actions that require immediate attention.
- Get Tasks/Approvals Updates and Notifications
- Perform Required Actions
- Visibility into Realtime Sourcing Progress
Zumen consolidates every budget item and tracks the status against each item with all the relevant documents in a single system. This allows a strategic advantage on spending with a clear and straightforward spend approval process.
- Create and Manage Budget Cycle and Budget Items
- Execute Budget Approvals
- Monitor and Review Budget Spends
Real-time and end-to-end data visibility, process streamlining, and reduced costs. Achieve this and more with Zumen’s integration framework! Zumen’s pre-built connectors make it very simple to connect with PLMs such as Teamcenter and Windchill and ERPs such as SAP, Oracle, JDE and others.
- Integrate with PLM
- Integrate with ERP
- Works with Excel
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Modules
The only AI model capable of handling Direct Material Quotations for Product Manufacturing Companies.
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Automate Quotation & Invoice Processing
at scale with iriZ
iriZ runs on computer vision and Natural Language Processing (NLP) modules automating the process of tedious manual data entry in quotations and invoices.
Automated Quotation Reading
iriZ is the only AI engine capable of reading and understanding complex quotations for direct materials. It enables users in the manufacturing industry to compare multiple supplier quotations side-by-side without any manual interventions.
Accurate Invoice Processing
iriZ picks up the relevant information effortlessly to help you complete the 4-way match between invoices, POs, goods receipts and quality rejections.
Here’s Why You’ll Love iriZ
iriZ sees & understands documents
Work with an AI module that goes beyond any simple Optical Character Recognition(OCR) to identify, understand and extract data out of quotations and invoices. No need for any standard templates or layouts.
iriZ works with many document formats
Upload your quotation or Invoices in any format (PDF, Spreadsheets, Images & Word Documents). IriZ reads the file and auto-populates the data in the respective fields correctly in the standard Zumen format.
iriZ reduces turnaround times
Easily implement human validation to your sensitive data and audit the model predictions to quickly integrate results with your business workflow. Maximize your operational efficiency and enable your team to focus on the critical aspects of quotation comparisons, negotiations, and invoice processing.
