SMARTsuite is a solution suite that helps to optimize works and processes throughout the entire procurement value chain.
Source to Contract
Optimize established sourcing practices and achieves cost savings through proactive sourcing in the product development phase and TCO-oriented strategic sourcing.
Source-to-Contract supports development, procurement, information sharing and collaboration from the early product development stage. Through sourcing at the development stage, EPI1), ESI2), target costing and other strategies, the solution can differentiate customer values and reduce the development cost. It also enforces category-specific sourcing strategies and processes while enabling TCO-oriented strategic sourcing by detailing pricing factors and elaborating the quotations. ※ EPI: Early Procurement Involvement ｜ ESI: Early Supplier Involvement
Procure to Pay
Automate procurement processes and supports regulatory compliance practices.
Procure-to-Pay supports workflows pertaining to purchase request, purchase order, delivery, user acceptance and warehousing and provides automated purchase and enterprise-wide Spend analysis. It also monitors compliance tasks predefined by procurement steps to address possible contractor-related issues proactively.
Manage suppliers through the entire supplier management lifecycle (sourcing-register-screening-evaluation-improve).
SRM enables organizations to evaluate suppliers in a way differentiated by the evaluation types through flexible evaluation criteria. Based on the evaluation results, analyses are performed in multiple aspects to devise appropriate policies which will help suppliers improve quality.
Optimize the entire quality-related processes from development to mass production.
Quality Management supports quality-related processes and workflows from part development to mass production and go-to-market phase, enabling enterprise-wide quality monitoring and control in a centralized manner. It also helps to improve the speed and accuracy of established workflows and practices through supporting collaborations and data sharing among groups or with partners.