Visibility and Control Over Your Suppliers and Inventory
Your supply chain does not stop at your delivery docks and neither should your ERP system. To synchronize supply with demand, you must pass forecast and order information on to your suppliers, strengthen and automate business processes, and coordinate the complex flow of materials from suppliers to your facilities.
Honeycomb®ERP Supplier Management business benefits include:
- Reduced inventory levels and costs
- Lowered procurement costs through aggregated purchases and negotiated contracts
- Automated procurement processes
- Improved responsiveness by compressing lead times
Honeycomb®ERP Supplier Management helps you to manage your suppliers, control inventory levels, and improve supplier relationships. The solution supports the entire procurement process including developing and executing supplier contracts, managing purchase orders, coordinating supplier shipments, and executing outsourcing strategies. Honeycomb®ERP Supplier Management provides you with visibility and control over the financial impact of your purchasing decisions and supports a wide range of procurement strategies including centralized/decentralized and global supplier networks.
Honeycomb®ERP Supplier Management helps control inventory levels and match supply with demand, by negotiating contracts with committed pricing and flexible delivery schedules. The solution balances purchases across multiple suppliers and tracks order status and supplier progress against contracts.
The solution also allows you to analyze supplier performance for cost, quality, and on-time delivery so you can continually improve your performance. In addition, Honeycomb®ERP supports your outsourced manufacturing initiatives, which enables you to control supplier inventory, including consigned inventory, as if they were located in your own facilities.
The Newest Addition to Honeycomb®ERP Supplier Management: The Supplier Portal.
Many supply chains do not perform as expected because manufacturers and their suppliers are disconnected. Changes in demand are slow to filter down from manufacturers and changes in supply are slow to percolate up from suppliers.
The result is a supply chain disaster: manufacturers are forced to expedite supply orders and carry excess inventory to meet promised delivery dates; suppliers constantly struggle to adjust their production to hit manufacturer's changing demand.
Honeycomb®ERP Supplier Portal is a real-time, browser-based solution that enables manufacturers to meet customer demand more effectively and reduce costs by improving the level of collaboration, information visibility, and communication with suppliers. The portal provides manufacturers and suppliers with a unified, up-to-the-second view of critical order and material management activities to ensure their entire extended supply chain is working off of the very best possible information.
Supplier Quotes
Extend ERP automation to the beginning of the purchasing process
Typical purchasing systems automate a little more than purchase order generation, an activity found at the end of the purchasing cycle. Honeycomb ERP Supplier Quotes extends the reach of automation to the beginning of the purchasing cycle by maintaining, tracking and reporting request-for-quote (RFQ) and supplier-quote information.
Efficient RFQ and Supplier Quote Generation
RFQs can be generated for an unlimited number of suppliers or prospective suppliers. In the case of existing suppliers, information is automatically pulled from master files. In the case of prospective suppliers, a supplier quote is created by combining existing RFQ information with the supplier's responses. Supplier quotes may be entered directly or indirectly by entering a supplier's response to an RFQ. In either case, requests for multiple prices based on quantity discounts gives purchasing agents the information they need to make smarter buying decisions.
Full Tracking of Supplier Responses, Including No-bids
Inquiry and reporting functions provide up-to-the minute tracking of all active RFQs and supplier quotes. Extensive history files offer valuable data for performing price, delivery, and quality comparisons. If a supplier or prospective supplier elects not to bid, a reason can be entered with any additional comments for future reference.
Optionally Converts Supplier Quotes to Purchase Orders
All or selected parts of a supplier quote can be converted directly into a purchase order. If the winning bid is from a new supplier, information is automatically pulled from supplier master files. For the sake of efficiency, supplier quotes may be optionally closed during the conversion process. All closed supplier quotes are maintained in history files for future reporting.
Familiar Interface
The interface and document structure of Supplier Quotes is very similar to that of Honeycomb®ERP Purchase Orders, minimizing the need for additional user training.
Request for Quote (RFQ) Entry
- Optional: can generate RFQs or bypass RFQ process and enter supplier quotes directly
- Quotes standard stock items, standard non-stock items, and non-standard items
- Enables request of multiple prices based on quantity breaks quoted by supplier
- Extensive text areas for comments
- Generate RFQs for one or more suppliers or prospective suppliers
RFQ Response Entry
- Response entry generates supplier quote
- Tracks no-bid information
Supplier Quote Entry
- May be directly entered or result from an RFQ response
- Quotes standard stock items, standard non-stock items, and non-standard items
- Enables recording multiple prices based on quantity breaks quoted by supplier
- Extensive text areas for comments
- Generate quotes from suppliers and prospective suppliers
Supplier Quote Conversion to Purchase Order
- All or selected parts of a supplier quote can be converted to a purchase order
- Optionally close supplier quote when a purchase order is created
- Optionally consume a purchase requisition during the conversion process
- Create supplier information from prospective supplier data
Standard Inquiries
- RFQ
- Supplier quote
- RFQ history
- Supplier quote history
- RFQ status
- Supplier quote status
- RFQ by item
- Supplier quotes by item
- RFQ history by item
- Supplier quote history by item
Standard Reports
- RFQ history
- Supplier quote history
- RFQ status
- Supplier quote status
- Supplier quote review
- RFQ status codes
- Supplier quote status codes
- Supplier quote type
- No-bid reason codes
- Supplier quote analyst