Hyderabad: Hyderabad-based Acads360 India has unveiled the advanced version of its e-procurement tool, PRM360 -the Covid-19 management solution, to address the procurement challenges confronted by manufacturing sector.
The solution, being offered free of cost, expeditiously and seamlessly streamlines the procurement and supply chain operations. It proactively assesses and mitigates risks involved and helps build alternative supplier capabilities. Despite easing of the lockdown, the manufacturing sector faces enormous uncertainties and challenges even to gain a semblance of pre-covid-19 production levels. The most critical of these is the procurement and supply chain operations.
With the help of the solution, manufacturing plants can look to ramp up their production to optimum levels in the quickest possible time, says Nitesh Reddy, founder & CEO, Acads360 India.
The tool has simplified communication module, which identifies and enables communication with critical suppliers and enhances collaboration across the value chain. It enables supplier BCP (Business Continuation Plan) management, evaluates critical supplier BCPs, assesses, prioritises, mitigates and manages supplier risk and prepares supply chain contingency plans. It also analyses product manufacturing feasibility, evaluates the supplier risk dependency on the finished product with regard to raw material and packaging and reduces warehousing, transportation and inventory costs.
The smart delivery management enhances delivery accuracy and timelines, driving more on-time and in-full (OTIF) performance through real-time supplier delivery data and automates follow-up mechanism. Its requisition priority management helps to quickly assess current requisitions’ status and devise a plan for quick turnaround time with minimal effort, while its BCP productivity index, measures supplier performance to understand risk exposure and guides in building alternative supplier capabilities where needed.
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