Due to increasing complexity and compressed production cycles, more products today are being digitally designed and validated by globally dispersed teams. At the same time, your suppliers are assuming more responsibility for greater portions of products, which requires them to interact with multiple disciplines in your company (purchasing, engineering, quality, manufacturing, etc.).
Early supplier involvement in PLM processes, good supplier information visibility, efficient sourcing processes, and better coordination between product development teams will have a positive impact on your company’s bottom-line. With a comprehensive approach to managing interactions with suppliers, your company can reduce risk, improve time-to-market and lower costs.
The ability to effectively collect and manage supplier information results in lower purchased costs and risks due to factors such as non-compliance, missed deliveries, etc. By understanding how much you spend on outside goods and services, you can increase your negotiation power and reduce the risk of non-compliance.
The Teamcenter supplier integration solution integrates the extended enterprise and suppliers (and associated information) across all stages of your product development process.
When your organization connects procurement and suppliers more closely with design teams – earlier in the process – you can better manage cost and truly impact the development of more innovative products. Teamcenter helps synchronize the value chain and leverage your suppliers’ innovation potential as a strategic weapon in the battle for profitable growth.
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