Benefits of Sourcing Life-cycle Management

Secure Neutral File Format Provides Easy Access to Designs

The CX4 Sourcing Life-cycle Management Solution can rapidly convert and compress over 1500 file formats into a secure neutral format for use in a business context. Engineering document formats including 3D solid models as well as 2D documents are incorporated into a business process and delivered through flexible workflow and project management processes. Progress against project goals are easily identified and no longer do suppliers need to buy additional engineering design software seats to view documents and participate in delivering business value. With increased visibility, collaborative capabilities, fast and efficient quote collection, and no cost to suppliers to view engineering documents, Co-eXprise lowers the costs and risks suppliers face, and they in turn lower your price.

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Solid model meta-data is directly pulled from the native 3D solid model format and delivered into a comprehensive Bills-of-Material for quoting. Quoting is supported via multiple currencies as well as multiple languages so quotes can be easily obtained via online quote collection at the assembly, sub-assembly, or part level. CX4 provides for fast, efficient and accurate quote collection from global supply partners cutting weeks off traditional quote collection cycles.

Collaboration Provides Quick Answers

All documents, including engineering documents (3D solid models), and information contained in the CX4 Sourcing Life-cycle Management Solution have online collaboration capabilities and can be easily marked-up, shared, measured, monitored, and saved for later reference by both internal users and external supply partners.

Negotiation Formats for Greater Delivered Savings

Multiple negation formats are available including RFx, Total Cost, and Real-Time Online Auctions. Real-Time Online Auctions have the capability for buyer formula adjustment to factor buyer costs into the award analysis. Tracking awards post negotiation is possible through the creation of a user defined award template to maintain a record of award rationale. Re-award and split of business awarding capabilities can be utilized for additional value creation.

Total Cost the latest negotiation offering from Co-eXprise is the first of its kind, easy-to-use bidding format that includes a formula builder enabling you to quickly and easily create the factors necessary to determine total cost and streamlined analysis. All suppliers, or individual suppliers, gain full visibility into their cost structure which delivers the ability to effectively measure complex multi-variable offerings so that best value supply opportunities can be delivered. The suppliers can also easily determine, by cost factor, their rank relationship to the market leader during the negotiation to allow total control and enable test strategies for aggressive bidding.

Accurate View of Sourcing Results

CX4 Spend Analysis Module provides an accurate view into results of past sourcing activity, and it gives your professional buyers and sourcing managers the analysis tools to indentify new strategic sourcing opportunities to promote into sourcing events. Spend Analysis enables the management and measurement of forecast variance, cost reduction targets, contract management, and other goals set by sourcing and finance management.

Faster Manufacturing Implementation

CX4 Software provides the ability to track negotiated savings, track parts/items through a defined process, and assign accountability to ensure savings are fully implemented. The process steps are fully customizable and can be reflected using your standard forms (converted into secure digital forms for easy data collection and analysis) to efficiently enable implementation efforts such as: First Article Inspection, Corrective Actions, PPAP, and APQP on the most complex parts or assemblies.

Value Added Compliance Drives Business Efficiencies

CX4 is highly secure providing access enabling discrete permission bits creating system and user definable permission groups of approved internal team members or external supply partners. The security is bolstered through export control capabilities extending your Export Management System (EMS) or your Internal Compliance Program (ICP). This value added compliance feature enables compliance requirements including EAR and ITAR to be strictly managed, adjusted, and monitored.

Dashboard Gives Overall Project Status

The CX4 Dashboard provides multiple navigation methods to quickly access information regarding sourcing activities. Access to projects, tasks repositories, administration and discussions are all available views on each user’s dashboard. Overall project status can be quickly identified and easily understood to enable fast updates or guide corrective actions.

Repository Delivers Best Practices

One of the key features of the Co-eXprise Sourcing Life-cycle Solution is the ability to create repositories to house information that can be used repetitively. For example, a standard list of parts can be stored in the item repository that associates drawings, specifications, and quality documents to each item. When creating projects, the items can be copied from the repository to the project and all associated documents will be incorporated into the project.

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