Contract and Commodity Cost Management

Commodity cost and e-materials procurement is the largest portion of a company’s cost in relation to revenue. In fact, the numbers are staggering.

The average business spends more than 55 percent of its revenue (material cost only) through
the supply chain.
More than 40 percent of today’s information technology budgets are spent on enterprise resource
and supply-chain applications.
More than 78 percent of all IT managers have rated their implementation of these tools as less
than expected.

Not all is lost!

Enterprise resource planning and supply-chain applications are important to form a solid enterprise infrastructure base. However, implementing “best-of-breed” collaborative tools are needed to provide enterprise-wide, real-time visibility. i4cast allows organizations with multiple ERP or SCM instances to view all data though a collaborative interface and enhance real-time decision making functionality. iCM allows organizations to catalog, refine, and publish collaborative commodity data to all areas and systems within your company.

So how does iCM interface with your organization?

iCM is a collaborative web-based commodity cost management and procurement module designed to provide a comprehensive view of negotiated contract materials, assist in global supplier negotiations, provide leadership in your value supply chain, and reduce overall product costs.

Several benefits of iCM include:

Centralized contract management

Based on an open integration platform, iCM allows complete integration into iCost as well as
your existing ERP, PLM, and SCM infrastructure.
An efficient consolidated repository that allows corporate-wide contract management leading to
lower commodity costs, increased customer responsiveness, and improved supplier performance.
Reduced cycle times, less product expediting, and lower shortages of contract commodity products.

Commodity cost management

Seamless integration between business functions or units that provide enterprise business-process
participation.
Automated process management and real-time contract costing that provide your internal customers
and suppliers with accurate, up-to-date information.
Negotiate significant commodity cost savings by utilizing a single hub for all sourcing and
procurement activities.

Enterprise-wide visibility

Allows detailed enterprise costing views, including vendor, products, SKUs, cost groups, volume
data, etc.
Provides in-depth time-sensitive costing views, including daily, monthly, quarterly, yearly, and
multi-year views
Virtually unlimited categories and subcategories of costing information
Security for user groups with unique access, including administrators, procurement, general
employees, finance, accountants, and engineering
Control costs by analyzing and comparing contract costing data
Robust report writer for material-comparison reporting


Click here for iCM Product Features

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