Products

MetaWorX’s Procurement Analytics module "Category Cockpit" helps organizations optimize spend, manage external drivers of profitability, and provides actionable insights - equiping the buyer to proactively manage supplier performance and supply risks.

This coupled with our "Relysource" tool - an Alternate Vendor Development (AVD) collaboration platform helps program manage the alternate vendor development process for International markets - thereby supporting the strategic sourcing agenda.

Case Study : Procurement Cost reduction at a large formulations major

Problem : A large Indian formulations manufacturer wanted to reduce its procurement spend (Raw materials, packing materials, and third party manufactured products) for the domestic and international market.

Solution : MetaWorX's Procurement Analytics platform helped in quick analysis of the spend patterns and define the baselines. Category Cockpit gave the senior buyers a strategic perspective with regards to areas they needed to focus upon.  Further drill-down insights were made available by identifying variations in spend patterns, anomalies in the share of business allocation, Linear parts pricing etc for the Purchase team to proactively act upon.

The Relysource module helped in a cross functional collaboration for alternate vendor development, particularly for high spend materials that were single-sourced.

Results : 7% cost reduction in API spend; 6% in PM spend and 9% in Third party manufacturing; Additionally, items contributing to ~15% of the spend were moved from single-source to multiple sources - further reducing costs in the long-term and making the supply chain more resilient. 

MetaWorX boasts of an impressive line-up of diagnostic analytical tools for enhancing profitability of client origanizations.

Core packages include :

• Constraint modelling for Throughput improvement
• Procurement Analytics for COGS reduction
• Revenue Analytics for EBITDA enhancement
• Inventory optimization

For most organizations, large  transformation engagements tend to be quite overwheming and draining. Surveys tell most of the benefits tend to fizzle out quickly after the engagement is over.

At MetaWorX, we believe small continuous improvements lead to large scale transformations with sustainable business impact. With our diagnostic analytics platforms, organizations continue to spot improvement opportunities on their own leading to sustainable business impact.

Unlock the full potential of your operations with our customized workforce training programs. Equip your team with the skills and knowledge to drive continuous improvement and maximize efficiency.

• Lean Six Sigma
• Procurement Chessboard
• Design Thinking
• Diagnostic Analytics

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