livesource general overview
DESCRIPTION
High Level LiveSource OverviewTRANSCRIPT
35%
45% 20%
50 000
Sourcing
Professionals
150 000
suppliers
Industrial worldwide community of more than 200.000 members
• Offices in the USA (Atlanta), France (Paris), Switzerland (Geneva), and China (Shanghai)
• 200+ employees
• Users: 50’000 Purchasing professionals and 150’000 Suppliers
•Operating in 7 languages
The online community for the Manufacturing Industry
1 Confidential and Proprietary
Confidential and Proprietary 2
Ineffective communication between Purchasing, Quality, Procurement
Challenges for your organization
Poor suppliers benchmark
Data not centralised
Poor data capture on suppliers preventing meaningful analysis
Poor standardization of structured information
No method of sharing « best practices » to leverage efforts
Ineffective communication leading to redundant efforts
Risks management
Lack of « time to market » optimisation
Too many Admin. Tasks preventing High added value from buyers
Difficulty Identifying & resolving sources of delay
Confidential and Proprietary 3
Finance
Engineering
Sourcing
Manufacturing
Senior
Management
IT
Quality Management
Services
Commodities
Production goods
LiveSource in your Organization : functions and Geographies
Non Production Purchasing
Risks Management
RFX Collaborative
Benchmark
Sourcing
Portfolio Management Analytics & decision tools Negotiation Suppliers evaluation Suppliers validation SIS
REPORTING
Existing Suppliers
Challengers
Suppliers
Your team
LiveSource main process
Suppliers Management Reports & capitalization Best practice collect and share Contract and reports management
Reports set up & creation Activity and management Savings Statistics
Data tracking Customisation Integration Security Multilingual Multicurrencies
4 Confidential and Proprietary
Sourcing Professional B
Sourcing Professional A
Sourcing Professional C,D
• Common address books: share experience regarding suppliers
• Common RFX templates: share purchasing best practices
• Standardization of sourcing process and roles management
Roles Management
RFX: Sharing experience and best practices
Your own suppliers management
Strategic sourcing: MFG.com Marketplace
Shared Best practices templates RFQ-RFI-Auctions
NDA’s
Known suppliers
Sourcing
5 Confidential and Proprietary
Build your suppliers’ dynamic database :
RFQ
Recurring Process
Knowledge Database
Market data
8D, PPAP, SRM,…
PDM, ERP, Cost structure
analysis,…
Suppliers on boarding
Quality records
Supplier
Purchasing
SQD
R&D
Administrative
processes
Interactive exchange processes
Business orientation processes
Environnement
Data collection
Suppliers quality data compliance
Questionnaires, Surveys, Reach, …
SIS: Supplier Information System
6 Confidential and Proprietary
Reporting: Measure & consolidate to leverage efforts
Export & distribute your measures & analysis
7 Confidential and Proprietary
Answ. Ratio
RFQ Count.
Supplier rate
Savings
Activity from
your organization
Activity from
your suppliers
Confidential and Proprietary 8
Memberships
Professional
Enterprise
Preformatted
RFX : RFQ, RFI, … Suppliers management Negotiation : Dynamic, Reverse, … Security : Logic, NDA, … Administration : Users, roles, … Reporting : Activity, savings, …
Private commodity segmentation Template library : RFQ, RFI, Auctions Administration : Workflow Multi companies : group Management Supplier Information System ….
Customizable
Improvements:
Before LiveSource
average After LiveSource
Technical Data dispatching: $20.000 a year Unlimited
Open inquiries for new projects 2-3 5-50
Information file transfer to Suppliers 5 days 1 day
NDA and Purchasing terms and condition acceptance: 70% 100%
Recall before due quotation due date: Telephone Automatic
Detailed information in quotation: 50% 100%
Lead time for final choice decision 4 weeks 2 weeks
Cost down competition achievement: 1.5% 15-25%
Decision chart to award Set up by buyer Automatic
Information about sourcing decision: Telephone or e-mail or fax Automatic e-mail
On going business to reconsider: 20% turnover each year 50% turnover each year
European inquiry sharing impossible possible
Inquiry traceability sharing: Buyer/project/techno weak 100%
Change notice lead time to transfer: 5 days 1 day
Buyer productivity improvement 100% 120%
Financial benefit Management Time saving Information Sharing
Return On Investment
Confidential and Proprietary 9