In an economy with high market velocity, low margins, and unavoidable spending increases, consumer products companies are finding that it is vital to tune and refine every aspect of the procurement process.

Consumer products manufacturers are serving more markets globally with more products than ever before, while sourcing from a complex global supply network. At the same time, consumer demand is becoming even more dynamic and volatile.

Companies need to respond faster and smarter to changes in demand and supply to exceed your customer service targets, while reducing inventories and total supply chain costs.

SpectraSoft helps consumer products manufacturers successfully overcome these challenges by enabling a collaborative demand and supply planning process.

Solutions for Collaborative Demand and Supply Planning

With its integrated coverage of business processes, SPECTRASOFT helps companies continuously sense and respond to customer demand fluctuations, supplier delivery volatility, and operational disruptions across the entire network.

This is accomplished by covering these three core areas:

• Sales and operations planning – Balance total demand and supply globally across the network to be enabled to maximize your operating margin, improve control of escalating costs, and make operations more efficient
  
• Collaborative demand management – Improve demand accuracy and response to real demand, while being able to reduce the reliance on forecasts that can never be right
  
• Supply planning – Drive instant synchronization of the supply network across distribution, manufacturing, and suppliers to make fast and profitable response to market dynamics possible

Solutions Designed for Integrating Sourcing and Procurement

Solutions from Spectra: SAP for Consumer products can help your company fully integrate the source-to-pay process to maximize cost savings. By integrating all aspects of sourcing and procurement, you can sustain savings, reduce operating costs, and ensure compliance with contracts and policies – all key to driving real competitive differentiation.

• Gain Complete Transparency-Transparency into procurement activities can help you see how your data can flow from opportunities identified through spend analysis to cost savings captured from strategic sourcing of suppliers. Savings can then be captured as they are locked into contracts and ultimately delivered in the procurement order cycle
  
• Automate Procurement-With automated operations, you can streamline procurement of all goods and services, eliminate manual tasks, and reduce purchasing errors. Your procurement staff can also make decisions and take action more quickly with simplified and personalized access to key information
  
• Ensure Compliance with Contracts and Policies-By managing the entire life of a contract, you can ensure compliance with critical contracts, corporate guidelines, and regulatory requirements as well as monitor the sustainability implication of your products

Spectrasoft can help you

• Keep track of Life of each product and its inventories
• Reduce cycle times
• Reduce inventory and distribution costs
• Reduce supply chain costs