Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Managing multiple tasks can be overwhelming; instead, why not focus on just one? By applying the 80/20 principle effectively, you can streamline operations to your advantage. Fringe empowers you to establish rules that enhance actions and visibility throughout your organization, allowing for intelligent tracking of results and cost management. Transform the issue of 'spend-undermanagement' into a source of profit. Utilize real-time insights into your indirect spending—which often constitutes around half of total expenditures—to minimize unexpected costs. Concentrate your efforts, time, and strategic focus on the significant spending categories and key suppliers to generate genuine value in both resources and finances. Take advantage of your current technology to effortlessly capture, assess, analyze, and report data that aids in optimizing your supply chain. Choose to work with suppliers you prefer, rather than being restricted to a pre-selected group with whom you lack a personal connection. This approach is far less costly and burdensome than traditional procurement software solutions that can often be outdated and inefficient. In this way, you can not only enhance operational efficiency but also foster stronger relationships with your chosen suppliers.
Description
Maximizing the profit margins you gain from your suppliers can be a challenging endeavor and is often regarded as a skillful art. In the realm of purchasing, it's apparent that suppliers do not always provide their most competitive pricing. This creates a perpetual cat and mouse dynamic regarding how profits are shared between your company and the suppliers. The best pricing is influenced by how eager the supplier is to secure your business, and their level of concern about potentially losing it. So, how can one effectively and swiftly illustrate this concept? Procurement Power offers a streamlined platform where suppliers compete against one another and can clearly see their bidding positions, which ultimately creates a more equitable marketplace. Numerous Fortune 500 companies have recognized the advantages of this purchasing strategy and have been implementing various auction systems for their suppliers for several years now. It's important to note that every purchase carries its associated costs, which can fluctuate based on the nature of the item being procured and the extent of negotiations involved. Additionally, understanding these dynamics can lead to better decision-making and improved supplier relationships.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Logicore
Founded
2013
Country
New Zealand
Website
www.logicore.co.nz/
Vendor Details
Company Name
Serex Procurement Solutions
Founded
2013
Country
Canada
Website
www.serexprocurementsolutions.com
Product Features
Procurement
Asset Management
Yes
Auction Management
No
Bid Management
No
Budget Management
No
Catalog Management
No
Contract Management
Yes
Inventory Management
No
Invoice Processing
No
PunchOut
No
Purchase Order Management
No
Receiving
No
Requisitions & Approvals
No
Sourcing Management
No
Spend Management
No
Supplier Management
No
Product Features
Procurement
Asset Management
No
Auction Management
Yes
Bid Management
No
Budget Management
No
Catalog Management
No
Contract Management
No
Inventory Management
No
Invoice Processing
No
PunchOut
No
Purchase Order Management
No
Receiving
No
Requisitions & Approvals
No
Sourcing Management
No
Spend Management
No
Supplier Management
No