Implement a closed-loop control for supplier selection mechanism
Relying on manual process for supplier intake adds complexity to the process of supplier selection and on-boarding. Supplier Management module provides a centralized platform for standardizing supplier qualification, reducing costs for supplier management and ensuring visibility of key supplier information to support risk management and procurement decisions.
Standardize the whole tender process and make it transparent
A well-structured bid process is important as organization need to control every step in the bidding process, making sure that all relevant bid stakeholders are involved and no missed communication be it file or message while managing multiple bids.
Choose the most qualified vendors
Having the right data to choose the most qualified vendors
Reasonably make the budget and timely monitor the gap between it with the actual cost.
Gain visibility into project budgets and forecasts to determine overall project financial health.
Spend money in the most effective way.
Project situation changes are inevitable thus making timely adjustment and reallocation to target cost becomes imperative.
Reasonably control and monitor the contract.
Improve project contract processes with workflow-based contract operations and integrates seamlessly with other application modules.
Strictly following the contract term and payment agreement.
Project Invoicing and Payment enables you to streamline invoicing processes, track payment cycle and improve cash flow.
Fully functional and control the settlement process
Contract Settlement, as part of the Contract Management
Real-time control and monitor the cost incurring.
Real-time control and proactively monitor cost incurred as project executes
Analyze cost in terms of different management philosophy.
Closely monitor project performance – utilizing timely cost information to make critical decision assure project execution meets the pre-defined budget.
Record on-site situation, and be indirectly affected by budget.
Focus on change and risk management to eliminate surprises
Fully functional quality management system
Manage onsite inspections, be it ad-hoc or planned inspections with standardized checklist to capture and trace non-conformance issues
Fully functional safety management system
Proper record of quality issues and taking fast corrective actions can greatly improve project ROI and shorten project schedules
Standardize the format of project plan; reflect the project plan in an overall view.
Unified project plan and measure against actual progress
Realize the control from different perspective
Milestones not only help your team to stay on track, they are also important to project manager to determine whether the project is on schedule.
Real time comparison between planned progress and actual situation.
Comprehensive Progress Analysis provides everything you as a project manager should know in terms of the project health and management quality.
Typically, strategic supplier management is time-consuming and complex process; organization can capture more savings and value by collaborating, exchanging information and negotiate – all through a secure internet-based online portal.
Yonyou PM+ is the cloud-based app that transforms the project onsite management process.