Are you having trouble evaluating & tracking the efficieny of procurement processes?Get the most out of Dhyey’s Purchase KPI Add-On

Vendor/supplier analysis or performance evaluation is the process of monitoring and analyzing the quality, reliability, punctuality, and overall performance of vendors/suppliers. With Dhyey’s purchase KPI add-on, businesses can now evaluate their vendors’ performance by analyzing their procurement history for a selected date period. This evaluation involves comparing the performance based on both the percentage and quantitative measures of received quantity and receipts.

By analyzing vendor-wise supplied quantity, the number of receipts, percentage of delayed and on-time receipts, percentage of return shipments, and return quantity for a selected vendor, item, and date period, businesses can determine the overall vendor performance. This analysis can be performed for all vendors and items to identify the vendors that consistently provide 100% on-time delivery with zero return/rejection rates, also known as the “Ship to Stock” vendors.Moreover, the best part is that it can be seamlessly integrated with Microsoft Dynamics 365 Business Central.

Lead time in material procurement refers to the duration between placing an order and receiving it from the supplier. Using Dhyey’s Purchase KPI Add-On, businesses can monitor their replenishment process by calculating the average time taken to replenish an item based on the order date and posting date of the purchase receipt. It also enables the comparison of vendor-wise actual lead times, thereby identifying vendors with the most efficient delivery times. Furthermore, the item card and item-vendor catalog show lead time data for easy reference.

In addition, the Purchase KPI Add-On allows businesses to track non-moving or dead stock items that have remained unused over a specific timeframe. Such goods may end up idle in storage locations for an extended period, leading to decreased efficiency and increased costs. This feature enables businesses to monitor items that have remained idle for a specified duration, with no sales or consumption transactions recorded. This helps businesses identify the reasons for non-moving inventories, such as overproduction, defects, QC rejections, customer returns, obsolescence, or expiration, and take appropriate measures to address them.

Share of vendors in a procurement system refers to the analysis of the vendor’s involvement and items supplied, along with the purchase cost amount in percentage and figures, and the purchase quantity for a selected period. Dhyey’s Purchase KPI Add-On enables businesses to analyze the procurement history of each vendor from whom an item is purchased for a selected date period. By comparing the vendor-wise supplied quantity, procurement cost amount, discount amount, and the percentage share of cost amount for a selected item and date period with reference to the percentage share defined in the item-vendor catalog, businesses can identify the most effective vendors and optimize their procurement process. A pie chart analysis of the percentage share is also available for easy reference.

Additionally, the Purchase KPI Add-On allows businesses to maintain and replenish their stock based on the Inventory Reorder point. The report identifies items with a fixed reorder policy and suggests the quantity to order based on the reorder point and demand calculation. For other policies, if the available quantity goes negative to clear the demand, the quantity to order is the net demand quantity. This feature enables businesses to keep their inventory levels optimized and avoid stockouts or excess inventory.