Procurement

Overview

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

Evidently, it is imperative to ensure purchased parts availability. Nevertheless there are a couple of challenges for achieving it. Availability by definition goes hand to hand with maintaining stock, if the case is not a  1$ screw, but, a 50K OEM computer, you'd probably wouldn't 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.

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


Key Features

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

Fast Movers

  • Dynamic Buffer Adjustment. Symphony 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. Symphony identifies purchased parts which are in danger of depletion and recommends the appropriate amount that needs to be replenished.
  • Suppliers Indices. Symphony measures up your suppliers performance according to their effect on your purchased parts availability or the effect on your bottom line profitability. 
  • Purchased Parts Indices. Symphony monitors your purchased inventory levels, featuring user friendly analysis tools, you will easily reveal out parts that are frequently over stocked or stocked out.

Slow Movers

  • Time Buffer Management. Symphony tracks all of your open purchased order according to a time based buffer management policies. Accordingly, Symphony proactively alarms you take corrective action, as long as it's possible before endangering production and ultimately your supply chain performance.
  • Purchase Orders Monitoring. Symphony 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. Symphony 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 Symphony holistic approach, purchasing is easily linked with the upcoming raw materials of your operation.