Procurement (Introduction)

Overview

Purchased parts, sometimes referred to as raw materials, usually serve as cornerstones in bigger puzzles. Similarly to any other project, without placing the cornerstone the finished outcome would never exist, which is of magnitude if the project is a 5M$ space shuttle and the “cornerstone” is a 20$ valve.

Evidently, it is imperative to ensure purchased parts availability. Nevertheless, there are a couple of challenges to achieving it. Availability by definition goes hand in hand with maintaining stock if the case is not a 1$ screw, but, a 50K OEM computer, you’d probably not like to keep too many lying around. On the other hand, key elements that govern your availability, such as, suppliers' delivery time, suppliers availability and even obsolescence are uncertain, multiply it over numerous purchased parts and you’re facing a dicey situation.

Onebeat procurement solution copes with two environments of purchased parts, fast movers and slow movers, altogether composing the entire types-span, striving to ensure availability of both.

Key Features

Onebeat treats each environment according to its specific characteristics and challenges.

Fast Movers

• Dynamic Buffer Adjustment. Onebeat analyzes purchased parts inventory levels and usage history, in order to determine the best possible quantity to keep in stock. A quantity that on the one hand will ensure availability thus would not endanger production and on the other hand, will not tie down your cash flow unnecessarily.
• Daily Replenishment Suggestions. Onebeat identifies purchased parts that are in danger of depletion and recommends the appropriate amount that needs to be replenished.
• Suppliers Indices. Onebeat measures up your supplier's performance according to their effect on your purchased parts availability or the effect on your bottom-line profitability.
• Purchased Parts Indices. Onebeat monitors your purchased inventory levels, featuring user-friendly analysis tools, you will easily reveal out parts that are frequently overstocked or stocked out.

Slow Movers

• Time Buffer Management. Onebeat tracks all of your open purchased order according to a time-based buffer management policies. Accordingly, Onebeat proactively alarms you to take corrective action, as long as it’s possible before endangering production and ultimately your supply chain performance.
• Purchase Orders Monitoring. Onebeat monitors all of your open purchase orders. Allows you to easily view the purchasing orders details and making sure that neither one of them fall between the chairs.
• Suppliers Indices. Onebeat tracks your supplies performance according to their promised quotes or according to the effect of their performance on your supply chain performance.
• Operations Synchronization. According to Onebeat holistic approach, purchasing is easily linked with the upcoming raw materials of your operation.