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Home » Elemica Debuts New Sourcing Optimization App

Elemica Debuts New Sourcing Optimization App

October 21, 2015
Elemica

The tool allows companies to execute complex sourcing activities along with supply-chain visibility and collaboration efforts with contracted suppliers on the same platform. It features mathematical optimization algorithms that allow users to evaluate complex, interdependent bids that might have millions of factors, attributes and combinations. Practitioners can custom-design requests for information, quotations and proposals, as well as auctions, to fit the needs of the categories being sourced. The application evaluates multiple cost and non-cost factors related to materials, labor, distribution, transportation and warranties. It calculates non-cost parameters and scoring defined by the user to be utilized in bid evaluation. Upon bid receipt, users can create unlimited “what-if” scenarios to quantify savings trade-offs based on their particular business constraints.

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Logistics Outsourcing Technology Product Lifecycle Management SC Finance & Revenue Management SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain Visibility Order Fulfillment High-Tech/Electronics
KEYWORDS Elemica High-Tech/Electronics Logistics Outsourcing order fulfillment Product Lifecycle Management SC Finance & Revenue Management SC Planning & Optimization Sourcing and Procurement Sourcing Solutions Sourcing/Procurement/SCM supply chain Supply Chain Management supply chain management: sourcing and procurement solutions Supply Chain Optimization Supply Chain Planning Supply Chain Visibility Technology
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