Supplier Sourcing: Meet Your Cost Objectives

Want to reduce the costs of supplier sourcing?

Improved communication with your suppliers throughout the sourcing and product development process is critical to cost reduction.For example, when you can understand where supplier costs are coming from with detailed cost breakdown views, you can more easily identify areas of unnecessary costs and work with your suppliers to resolve them.

Let’s take a closer look at how Mercury Marine manages supplier sourcing. Mercury Marine uses the Teamcenter Direct Materials Sourcing solution to streamline their supplier sourcing and integration processes, leading to reduced new product introduction costs and accelerated time-to-market.  

“By eliminating custom quoting tools, email-based RFQs and integrating sourcing process within the Mercury Teamcenter system, we were able to unify data sources across multiple functional groups and increase the throughput of early supplier involvement events,” said Lateef Khan, General Manager at Mercury Digital Services.

Read the Mercury Marine Case Study to gain more insight on how Teamcenter Direct Materials Sourcing helps Mercury Marine to:

Want to learn more?

Watch this supplier sourcing video to see how the help of a strong PLM foundation can help manage supplier integration, streamline your supplier bid processes and meet your sourcing cost objectives.

Learn more about supplier sourcing and Teamcenter solutions for supplier collaboration.

About the Blogger

Kerri Doyle is a Siemens PLM Software product marketing manager for Teamcenter Product Sustainability, Materials Management, Quality and Supplier Integration solutions. She has been in the PLM industry for more than 20 years.