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| ORDER MANAGEMENT |
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Orders are managed on-line and in real-time providing all parties visibility and control. Order status follows the procurement process:
- Open - vendor has not reviewed
- Confirmed - vendor confirmed
- Adjusted - buyer or vendor change
- In Transit - order shipped
- Received - order received
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Activity such as adjustments, moves, substitutions, splits supported and on the system.
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All order activity is documented and stored by user and time stamped Orders update internal systems based on customer established business rules and timing in the same fashion as EDI. The biggest difference you can also manage them through the process.
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| Realized Benefits |
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Synchronized catalog data coupled with synchronized orders are the foundation of improving invoice and POP match rates and decreasing billbacks
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All parties have complete access and visibility to the order through the process assuring no surprises.
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Companies report on average a 20 to 35% increase in efficiencies through the complete order process
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| PRICING AND SOURCING |
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Price sheets are sent, received, and negotiated on-line.
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Request for Quotes (RFQ's) are sent, received, and negotiated on-line. RFQ's can be sent in one of three ways:
- Standard: Company negotiates with vendors independently
- Auction: Lowest vendor price is displayed to all vendors without indicating who the low vendor is.
- Contract: RFQ negotiations create a contract that can be managed on the iTN system
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| Realized Benefits |
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On-line, real-time management of price sheets and RFQ's provide buyers the tools to be better negotiators with more vendors.
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Integration with procurement and logistics maximizes efficiencies and minimizes internal upfront and ongoing costs
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| CAP AND FORMULA PRICING |
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Ceiling and formula prices are calculated by tying a specific item, vendor, receiving location and time frame to a specific USDA report or averages of specific USDA reports including negotiated overages or underages. (or by manually entering)
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System will re-price items upon prompt with the buyer negotiated price or the ceiling price whichever is lower.
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| Realized Benefits |
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System automatically assures accurate pricing and avoids over paying on items that have an agreed to ceiling or formula price saving time and money
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| PRICING |
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Accurate and Timely Order Guide Pricing and Terms
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| Realized Benefits |
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Catalog items are synchronized enabling companies to receive order guides using their codes opposed to the distributor or other 3rd party codes.
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Pricing and terms are synchronized increasing order accuracy
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Companies have real time visibility to all orders improving the timeliness and accuracy of reports and other management information
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