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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
Unified sourcing tools that drive Cost Optimization
Sourcing teams go the distance in their supplier selection process. Zumen helps provide the backup they need with data that helps them evaluate the current proposal. Procurement teams can conduct better negotiations with a centralized repository of all communication, revisions and with access to
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Detailed supplier quotations
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Part purchase history
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Raw material price updates
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Online and synchronous negotiations
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Better cost through supplier cost targets and reverse auctions
Seamless Cost Estimation
Zumen helps capture every activity along the cost approval process to make it easy and effortless. The unified platform bridges the ambiguity gap between the approved and arrived cost and facilitates a seamless cost approval process with options to
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Create internal cost estimates for every part
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Compare various cost estimates and actual POs for Reference Parts
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Allow category/commodity buyers to estimate costs
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Pull up relevant costs from ERP automatically for every context
Make informed
Business Decisions
Accessing data in a multi-tier process is not easy as it is scattered and has to be pulled out from multiple sources. This stretches the decision-making process into days, weeks, or sometimes months. An end-to-end sourcing tool like Zumen helps capture, analyze, and populate crucial data, saving countless hours with data such as
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Roll-up BOM costs from individual part cost estimates, Buyer cost estimates, and actual PO
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Compare multiple BOM costs in a single click
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Automatic Costing for new products
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Automated prioritization of payments based on terms on Invoices
Leverage productivity for positive cost impact
Bring all relevant info together in one place for the sourcing team to make decisions. Zumen’s high customization and integration help you do more with data. Features like BoM access control help your team understand production costs without involving the engineering and design teams. Reduce Maverick spending and promote strategic planning in your NPD process with better insights into
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Negotiation timelines
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The various material cost trends
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Distribution of raw material sourcing between suppliers
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Supplier-wise cost analysis of a product
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Visibility of a cost of a part in a BoM
Arriving at the right Product cost needs more than just settling at the lowest supplier quotations, analyzing spreadsheets,
and number crunching. Zumen’s comprehensive sourcing platform is designed to streamline all your efforts and translate them
into an optimized product cost and better profitability
Achieve Optimized Product Cost with an
end-to-end Sourcing Platform
Think Sourcing, Think Zumen
Schedule a free demo