As a buyer everyday you make critical decisions that will affect the on hand inventory level and commit the companys money to purchase parts from suppliers at some point in the future. These purchasing decisions in all cases have significant impacts on cash, now and in the future. What is amazing is the lack of information available to verify the need, quantity, and timing for these purchases. For the most part this is done blindly as the demand is initiated by MRP and the request to execute is made to purchasing. Changes to the plan for any reason generate requests to cancel, push-out or pull-in. The result is expediting and rescheduling. Buyers are inundated with these messages everyday, in fact there are so many that most of these are not acted upon. If your purchasing is prey to these kinds of challenges then iQube SOS will crosscheck all the demands and provide the information to answer what can be ignored and what must be acted upon.
How much more effective could a buyer become if he/she were privy to the following information to a specific purchase or the entire portfolio immediately?
Finally as a Manager how much more confidence would you have if you can verify a major purchase before signing the PO, immediately?
Below is a sample of some of the information that can be extracted and compiled in a format defined by the user utilizing the iQube SOS Business Intelligence Solutions?
What are the shortages to a specific Sales Order (S/O)
What other S/Os are effected by these shortages
Which supplier is delinquent and which S/O will be affected
Can there be a re-allocation of a constrained supply
Show all planned order by need date of S/O
Identify released order by need date of S/O
What are the Open PO by Supplier
When was the commodity purchased, who is the supplier, what is the dock date
What are Planned PO by Supplier
What are the lead times for a component and are they accurate
Which buyer is responsible to purchase a specific commodity
Is it OK to buy quantity proposed, how and when will it be consumed
Is W/O start date aligned to supply dock date if not what action should I take
Engineering Change Order impact on the supply
Is supply in line with requirements
Im on credit hold or prepayment or credit limit or payment plan what parts are impacted
What do I owe my suppliers?
What is past due?
How will this effect the Mfg plan? Who do I inform?
If the current supply commitment cannot be met, quickly respond to planning with a revised fulfillment plan, and identify what S/O will be affected
What are the parts that need to be expedited
Which part should be expedited first
What level does the component occupy in the indented bill
How does unscheduled and late deliveries impact S/Os, who should I inform
Critical supply changes with its impact on the master schedule
Is supply in line with W/O plan
Is supply in line with S/O plan
Identify and inform the Planner or work center on the expected misalignment caused by a supply delinquency
What is a component price history
Is there a variance in the currency of purchase? Is it OK to buy at the price quoted
What is the variance to target price
What is the Last Price Paid
When was the component last used? Is it still current?
Is there a demand for the excess inventory?
How much MOQ billing should be prepared this month?
Are MPS and MRP demands fulfilled and are the delivery sequences satisfied?