Multi-Source Procurement
Are you facing difficulties in diversifying your Supply Network? Take Advantage of Dhyey’s Multi-Source Procurement Add-On & Get the Most out of it
- Divide the supply of specific products among different vendors
- Assign a supply percentage to each vendor
- Automatically suggest a vendor for each requisition worksheet
Now available on Microsoft App Source
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Key Features of Multi-Source Procurement :
- Maximum of three vendors can be assigned to each policy.
- Track actual purchases during the defined accumulation period for each vendor.
- Calculate the actual allocation deviation from the target allocation percentage.
- Users can view current allocation statistics, including actual purchases made from each vendor, target allocation percentages assigned in the policy & deviation from the target allocation for each vendor
- Policies can be defined either for a specific location or be common across all locations.
- Multi-vendor Suggestion replaces an existing requisition line with several smaller order lines based on the target allocation percentage assigned in the policy
- Single Vendor Suggestion selects the vendor that brings the total vendor allocations for the accumulation period closest to the target allocation percentage. The vendor with the least deviation from the target allocation is chosen for the purchase.
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Product Capabilities
Benefit:
Minimize Risk Mitigation
Dhyey’s Multi-Source Procurement Add-On effectively minimizes risk by mitigating dependency on a single vendor through two distinct vendor selection options. The Multi-vendor Suggestion method enhances procurement efficiency by splitting an existing requisition line into smaller order lines based on the policy’s target allocation percentage, promoting vendor diversification. Alternatively, the Single Vendor Suggestion intelligently selects the vendor that minimizes the deviation from the target allocation, ensuring a balanced distribution of purchases among multiple vendors, thereby enhancing supply chain resilience and reducing potential disruptions caused by over-reliance on a single supplier. Moreover, the best part is that it can be seamlessly integrated with Microsoft Dynamics 365 Business Central.
Benefit:
Enable Partnerships & Empower Organizations
With Dhyey’s Multi-Source Procurement Add-On, organizations can foster partnerships and empower sustainable supplier selection based on shared values and goals. This Add-On facilitates a comprehensive evaluation of suppliers beyond just price. By enabling a more holistic approach to vendor selection, businesses can establish mutually beneficial relationships with suppliers who align with their values, supporting sustainability efforts and contributing to positive social impact.
Benefit:
Improve Quality Control & Lower Costs
Dhyey’s Multi-Source Procurement presents a robust solution for organizations seeking to enhance their procurement practices. By adopting multiple sourcing options, organizations can benefit from the strengths of various suppliers while mitigating risks associated with over-reliance on a single vendor. This diversified approach not only improves quality control by tapping into different expertise and capabilities but also fosters healthy competition among suppliers. As suppliers vie for business, they are incentivized to offer competitive pricing and better terms, ultimately resulting in cost reductions for the organization. The increased efficiency achieved through this approach empowers organizations to achieve their goals effectively while promoting sustainable and responsible procurement practices.
Leading Microsoft Partner in Gujarat
As a leading Microsoft Partner with over 15 years of experience in Technology Consulting, we at Dhyey Consulting strongly believe in facilitating a holistic and unified Digital Transformation for all our clients and partners. We are proud to be able to offer our clients a wide range of services and products that can help them take their businesses to the next level. Whether its implementing new ERP systems, migrating to the cloud, or simply streamlining their current processes, we are confident that we can help them achieve their goals.
Culture of Innovation
At Dhyey, we foster a culture of Innovation & adhere to the philosophy of Identify, Innovate & Implement. Following Microsofts vision of democratizing software & technology capabilities, we have developed a wide-range of Add-On solutions like Multi-Source Procurement Add-On that not only complement but also seamlessly integrates with modern ERP solutions like Dynamics 365 Business Central.
Seamless Customer Experience
At Dhyey Consulting, we believe in creating a seamless customer experience and increasing customer engagement using technology and innovation. Our team of Techno-Functional Consultants are highly skilled and knowledgeable, and provide our clients with round-the-clock support. This way, our clients can focus on what they do best, while we take care of the technical details.
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We’re excited to announce that we recently migrated our solution to a more modern solution. We wanted to share how this project came about and how we were able to make it happen with a minimal amount of disruption to our customers. We really appreciate Dhyey’s technical team for smooth transition.
We completed upgrade from legacy to latest version in our organization. And I have learned that it is a process. First of all, Nilesh & Dhyey team identified process gaps. And then together, we remove process gaps. Thats how entire team achieved revamped process.
Our key challenge during transition from Dynamics AX to D365 Finance was “Data upgrade”, we asked Dhyey to bring historical data from legacy to modern. Team dhyey knows the steps and get the job done. Our newer version gives us many more feature to implement to enhance solution. Latest solution also enable Power BI reporting.