Adopt a Fast and Flexible Procurement Suite to Meet an Evolving Industry

DRIVE COMPETITIVE ADVANTAGE THROUGH INNOVATIVE SOURCING AND STRATEGIC MANAGEMENT

Consumer power is at an all-time high, and consumer packaged goods (CPG) organizations need to meet customers’ desire for new delivery models, specialized products that appeal to their changing tastes, while maintaining the integrity of their supply chains. While the digital world is giving CPG companies unprecedented levels of access to consumers, the bar for converting awareness into purchase is higher and requires that these companies produce and source more products. In an environment of such radical change, strategic steps are being taken in the industry to make supply chains flexible enough to match these changes without incurring significant new costs for transformation and change management.

With two decades of industry experience, Tejari understands the unique challenges facing CPG enterprises and tailors solutions to help maximize the efficiency of their supply chains. Whether it’s procuring direct materials and ingredients; packaging; sourcing indirect materials, transportation, and distribution services; or controlling spend, Tejari helps turn complex problems into opportunities to evolve and meet a changing marketplace.

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of the World’s Largest CPG Companies
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Billion in Total Savings
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Improvement in Procurement Cycle Times

WHAT SETS US APART

Facing a host of complexities related to product competitiveness, packaging needs, and large-scale transportation and distribution requirements, companies in the consumer packaged goods industry contend with a number of pressing procurement and supply chain challenges that the solutions in Tejari’s CPG Suite are made to address.

THE TEJARI SUITE OF SUPPLY CHAIN SOLUTIONS EMBRACE EVERY ASPECT OF CONSUMER PACKAGED GOODS MANUFACTURING AND DISTRIBUTION

ASO

Facing a host of complexities related to product competitiveness, packaging needs, and large-scale transportation and distribution requirements, companies in the consumer packaged goods industry contend with a number of pressing procurement and supply chain challenges that the solutions in Tejari’s CPG Suite are made to address.

Tejari’s Advanced Sourcing Optimizer (ASO) addresses strategic sourcing challenges of CPG manufacturers, simplifying the bidding process and driving cost savings for procurement activities.

Companies using ASO can:

  • Increase overall spend under management and achieve greater savings opportunities uncovered through spend aggregation and cost driver optimization
  • Obtain supply chain innovations by engaging in a collaborative bidding process with suppliers and transportation carriers
  • Increase productivity and allow more time for strategy thanks to product-enabled efficiencies

Tejari DIRECT SOURCING

Digital sourcing solutions are a must for companies that need to handle complex procurement processes efficiently and successfully implement procurement strategies. The Sourcing Module not only fully automates the RFQ process, but is also fully integrated so that data can be reused for follow-up activities. The entire Procure2Pay process is covered by our eProcurement.  Turn your requests into a purchase order, instantly!

 ePROCUREMENT

eProcurement allows organizations to influence buying decisions and improve spend management across their entire employee base.

  • Influence buying decisions among its employees and drive contract compliance with guided buying
  • Gain visibility into real-time product availability—both with suppliers and local inventory—to streamline purchasing and inventory management across disparate locations
  • Access an intuitive shopping environment, with thousands of active supplier integrations available, in a dynamic and responsive interface
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FINANCE

To ensure that your Procure-to-Pay process is seamless, our solutions support digital invoices and credit notes, which can be sent, received, signed and verified online. All the features in the Finance Portal are closely linked with other modules. With the Invoice and Credit Note Modules it is also possible to integrate a fully digital Procure-to-Pay process for suppliers without EDI capabilities.

 SUPPLIER MANAGEMENT

Supplier Management helps organizations automate and monitor supplier interactions, avoid duplication of efforts, reduce errors, and systematically reduce risk in the supply base.

SUPPLY CHAIN MANAGEMENT

Logistics processes in the consumer goods industry rely on a high degree of automation. Materials must be available at the right time and in the right quantities to ensure that the machines are working to capacity and to keep storage costs low. At the same time, the supply chain must be flexible enough to accommodate short-term order changes. Our solutions fully supports information flow along the entire supply chain.  The web platform also eliminates the need to process supplier documents manually.

QUALITY MANAGEMENT

With our solutions, you can automate more of your processes and significantly increase your process quality.  Complaint management, for example, will no longer need any manual input. In addition to speeding up your transactions, you will also be able to benefit from sharing important quality data with other modules. This makes your processes more reliable and reduces errors.

Complaint Management

Case Study

A fast-growing, U.S.-based healthy alternative food company sought Tejari’s help in turning their supply chain into a competitive advantage. They wanted their brands to have first-mover advantage when a new health trend arose—whether it be the demand for foods with or without certain ingredients, or a whole new consumer goods product entirely, they knew that regularly being the first to market would position them as a leader in the space. It would also allow them to better drive revenues from these trends, whose windows of opportunity seem to shrink with each new wave.

Tejari’s CPG suite of tools empowered the company to streamline its procurement and supplier management, paving the way for a faster turnaround time between identification of a new product to be sold and actually getting it packaged and out the door. This saved considerable costs in the process, but importantly it also put them in a position to react more nimbly to changing consumer tastes.

With a speedy, more efficient bidding process thanks to Tejari’s ASO solution, they are now able to quickly bring new suppliers on (or procure new items from current suppliers) when the market shifts and a new material is needed in response. Our Supplier Management assures those new suppliers are (and remain) a good fit for the company. Additionally, managing inventory with Tejari’s top rated eProcurement solution helps them make sure it is optimally efficient in its buying and transportation activities, and doesn’t over-commit to a product that will be less in demand when consumer preference shifts –that way it’s ready to move to the next hot product when it arrives.

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Tejari integrates seamlessly with more than 40 ERP systems, including Oracle, SAP, IBM Maximo, McKesson, Infor, Banner, Workday, Colleague, and PeopleSoft.

Contact us to learn why our customers benefit from the combination of Tejari with their traditional ERP systems.

The Solution Suite

The CPG Suite of solutions from Tejari allows organizations to create sustainable sourcing initiatives that respond to changing consumer preferences, master complex logistics across their global supply chain, and centralize strategic sourcing practices to better manage spend. The highly-competitive markets that most CPG companies find themselves in necessitate managing costs efficiently to create competitive advantage, and Tejari customers like the one above have seen firsthand the benefits of a streamlined and data-driven procurement process.

Net Results:

  • 83% of spend under management
  • 30% reduction in number of suppliers under management
  • 120% return on investment within the first year
  • 160%+ reduction in average processing time from bid to supplier shipment
  • 95%+ compliant contracts in place
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CASE STUDY

Top Fortune 500 CPG Manufacturer Standarizes Procurement Processes Globally with Tejari

WHITE PAPER

Packaging Procurement: Three Key Considerations to Advance Your Packaging Sourcing Strategy

MARKET RESEARCH

2017 Gartner Magic Quadrant for Strategic Sourcing Application Suites

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