Product Cost in Manufacturing Process

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

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Product Data Management

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

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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

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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

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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

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Budgeting & Spend Management

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

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Product cost May 25, 2022

Direct Material Procurement Life Cycle Guide - Part 1 By zumen

The objective of this guide is to explain the Direct Material Procurement Lifecycle — details, exceptions, and complexities — in the context of product manufacturing industries. This would include companies in such industry sectors but ...

Product cost May 18, 2022

Achieving the Target Product Cost: No more a Mountain to Climb By Kausika Raajan Varatharaajan

Across every industry, companies that have a competitive advantage are those that launch well-thought-out and well-designed products in a timely fashion. Moreover, given the market conditions of shrinking product life cycle times and consistent low-cost-high-quality ...

Category: Product cost

Product cost May 25, 2022

Direct Material Procurement Life Cycle Guide - Part 1 By zumen

Product cost May 18, 2022

Achieving the Target Product Cost: No more a Mountain to Climb By Kausika Raajan Varatharaajan

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