Difference between revisions of "IS480 Team wiki: 2013T2 D'PENZ X-Factor"
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== <font face="Droid Sans" size="+3" color="#ff9a00">Product Comparison</font> == | == <font face="Droid Sans" size="+3" color="#ff9a00">Product Comparison</font> == | ||
+ | Our system provides a centralized portal where functional owners can submit requests for procurement easily as well as track the progress of their request. Furthermore, other business functions can generate reports on procurement easily using our system, instead of going through the procurement staff. These are not typically found in procurement systems in the market. Also, our system is scaleable due to a flexible data model. Fields in the PAF template and phases in the procurement workflow can be customized anytime and we will change our database accordingly to reflect the new fields and phases.<br><br> | ||
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+ | Our solution is unique from other procurement solutions as most procurement solutions are usually a “shopping tool” and solve one problem of sourcing for products, but our solution allows for internal management of the entire procurement project (from business functions to procurement department). We are mainly a project management system customized for our client's procurement department. Our biggest challenge of the project is to create a self-service platform that is easy to use and change in the long run, as other solutions are usually complicated and require training to use. <br><Br> | ||
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Revision as of 02:13, 22 April 2014
Home | Our Team | Project Overview | Project Management | Project Documentation |
Motivation | Description | Stakeholders | Technologies | X-Factor |
Value to Sponsor
As a result of our system, LGB’s Asia Pacific’s Procurement department will see a reduction in time and cost spent on manual processing, delivery of physical forms, correcting errors and cycle time. Procurement staff can work on projects simultaneously, as compared to the current system where only one can access the PAC at a time. Our system will help to reduce 90% of time spent on Procurement-related activities. Calculations are as shown:
Product Comparison
Our system provides a centralized portal where functional owners can submit requests for procurement easily as well as track the progress of their request. Furthermore, other business functions can generate reports on procurement easily using our system, instead of going through the procurement staff. These are not typically found in procurement systems in the market. Also, our system is scaleable due to a flexible data model. Fields in the PAF template and phases in the procurement workflow can be customized anytime and we will change our database accordingly to reflect the new fields and phases.
Our solution is unique from other procurement solutions as most procurement solutions are usually a “shopping tool” and solve one problem of sourcing for products, but our solution allows for internal management of the entire procurement project (from business functions to procurement department). We are mainly a project management system customized for our client's procurement department. Our biggest challenge of the project is to create a self-service platform that is easy to use and change in the long run, as other solutions are usually complicated and require training to use.
Ariba Procurement | SAP Supplier Relationship Management | Oracle iProcurement |
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Currently the most popular procurement software in the market. What we like: shopping cart layout, familiar to users because it’s like Amazon. A business network to connect businesses to suppliers. |
What we like: Integration to the entire ERP system, a shopping cart look (what Ariba took after), automated invoice processing | What we like: Detailed analytics on KPI, order tracking. Side note: The layout is slightly harder to use as compared to the SAP and Ariba solutions |
Application to our solution: We can adopt the shopping cart layout in our supplier management function where procurement staff can search for suppliers via domains. As our system is hosted on the intranet, it is not possible to bring suppliers onto the system. | Application to our solution: We could consider including automated invoice generation in our solution, allowing procurement staff to automatically obtain an invoice and send it to suppliers. | Application to our solution: We can consider adding some simple analytics to our solution, though we might not have the technical skills required to create an analytics tool that could compare to existing ones. |