Purchasing & Vendor Analysis

The SRM Analytics (SRM-A) module of Stratum can help your organization implement sound supplier relationship management practices and increase your competitive advantage through better supply chain management.

• Purchasing Performance
  Stratum SRM-A pulls together key operational data that allows for the day-to-day management and analysis of your purchasing organization. The application offers Inventory Analysis so you can take existing inventory levels into account when formulating purchase requirements to meet future demand. It also offers Purchase Order Analysis & Management so you can gain additional insight into your ability to meet purchasing requirements and to flag / follow up on past-due orders with your vendors.

• Supplier Performance
  By understanding the performance of your suppliers’ performance, you can better maximize your vendor relationships. Stratum SRM-A provides this understanding through robust analytics designed to help you track and evaluate vendor Delivery Performance so you can more effectively manage vendor relationships and understand the impact of vendor deliveries on your business. It allows you to monitor Fill Rate Performance so you can better control and monitor the schedules and fill rates of your suppliers. Plus, it lets you track accepted and rejected materials by vendor and product and flag rates that fall below acceptable levels.

• Buyer Performance
  Stratum SRM-A also features functionality for evaluating buyer performance to better understand where improvements can be made within your purchasing organization. Through Lead Time Analysis, you can track and evaluate delivery performance in conjunction with lead times to ensure that your manufacturing and customer shipment schedules are effectively aligned. Plus, the application gives you the ability to evaluate price performance by buyers who are responsible for negotiating price contracts with vendors.

• Pricing Analysis
  The Pricing Analysis provided by Stratum SRM-A gives you control over your material costs and allows you to manage established budgets. With this application, you can ensure that purchase price variances are not trending upward compared to last year or even last month. You can better understand how average purchase prices are affecting your budgets and compare them across vendors and time periods. And to predict future purchase price variances, you can analyze receipts that have come in for which no invoice has come from the vendor.

• Accounts Payable Analysis
  Stratum SPM additionally offers a number of analytical views and reports for analyzing and better managing your Accounts Payable. The application includes functionality for evaluating Open Accounts Payable & Aging, analyzing Vendor Payment History, evaluating AP Discounting, and analyzing Cash Inflow.