Strategic sourcing | Strategic Sourcing in Manufacturing

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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Strategic Sourcing 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 ...

Strategic Sourcing May 09, 2022

Strategic Sourcing: Why is it important? And How to Implement it? By Kausika Raajan Varatharaajan

Direct material procurement is a complex and mature process. It requires extensive collaboration among internal and external stakeholders across the entire procurement lifecycle. For product manufacturing companies in any industry, the fluctuating cost of direct ...

Category: Strategic Sourcing

Strategic Sourcing May 25, 2022

Direct Material Procurement Life Cycle Guide - Part 1 By zumen

Strategic Sourcing May 09, 2022

Strategic Sourcing: Why is it important? And How to Implement it? By Kausika Raajan Varatharaajan

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