As buyers become increasingly more focused on cost reduction, distributors and manufacturers need to extend the value of their role in the supply chain. Supply chain business information networks demand greater automation, open access to information and improved integrity of data. Toreion provides Supplier solutions that help you support the e-Procurement strategies of your customers while also achieving internal productivity gains through automation and improved process controls.
Toreion’s e-Procurement Managed solutions include:
Transaction Management allows buyers and suppliers to have extensive visibility into the Requisition to Payment cycle. The net result is visibility into numerous potential points of problems: buyers source products from non-approved suppliers, changes to an order, supplier incorrectly ships or prices an item. Each error causing time to be wasted and dollars misspent.
Toreion enables your organization to transmit electronic orders to suppliers who can’t process EDI transactions. Toreion helps your organization to streamline their procurement strategy, eliminating manual paper based processes and reducing long distance fees, fax server costs and maintenance fees.
Contracts are used in the Toreion e-procurement system as a method to override a list price stored in the online catalog as well as to filter the buyer’s view of items in the online catalog. This module can be used in conjunction with the Buyer Price file option to update specific item prices by customer, customer location or buyer.
- Contracts override the stored price file
- Supports automated scripts to upload contract prices, on a scheduled basis, via flat file or EDI 832
- Limit items for a buyer to only items that are available on approved contracts
ProductConsole is a catalog data management application for maintaining rich item content and product level data descriptors, prices with the related images and documents. Data may be entered into the database using ProductConsole, a web-based content management application for maintaining product attributes, classification and pricing data. In addition, the system can be loaded into the system through batch data synchronization routines with your back-office. ProductConsole allows suppliers to maintain...
- Item data through Item Manager
- Product classification through Product Manager
- Price data through Price Manager
- Media files through Document Manager
Bulk data synchronization is possible from remote data silos using configurable data templates, multiple transmission methods and supported data protocols [structured flat file, XML, cXML] or through real-time data sharing using web service messaging.
Price Management involves all the price administration activities required, by trading partners after a contract has been awarded, to ensure compliance with the terms of the contract. These tools include a Price Editor for bulk price updates, price change event scheduler, price compliance validation and price change approval workflows. As such, Price Management is a primary value added benefit for the buyer to manage price compliance; as well as, for the supplier to ensure an auditable process tracks price changes.
Toreion's Price management solution addresses the following struggles that face procurement organizations:
- Volatility of prices for commodities in the contract
- Compliance requirements related to changing prices in the contract
- Enforcement of products or commodity price change thresholds established by the contract