Business Process Improvement

Maximize The Impact of Your SupplyLens Pro Investment.

Business Process Improvement – Not Just A Technology Partnership

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Implementing Lytica’s SupplyLens Pro platform delivers unparalleled insights into the electronic component market and helps procurement teams make critical decisions regarding pricing and risk within their supply base. However, operationalizing this insight to achieve business value is often a challenging task.

For this reason, Lytica offers a Business Process Improvement service designed to be a close partnership where Lytica will recommend data-driven business process improvements to clients on a variety of levels in order to maximize the economic value of their SupplyLens Pro platform investment.

Lytica’s Business Process Improvement offering is a continuous engagement model where data-driven recommendations are not only implemented but results of those recommendations are provided back to Lytica by the client for further refinement and collaboration

Immediately Capture Low-Hanging Operational Saving Opportunities

Simply provide Lytica with your costed bill of materials (BOM) and the Lytica team will run a spend benchmarking exercise leveraging the SupplyLens Pro platform.

Lytica’s comprehensive reference libraries and advanced artificial intelligence combine to deliver the most in-depth analysis of your data and processes to enable benchmarking of your cost and process performance across your organization and with your peers from the industry at large.

Once completed, the team will collaborate with you to identify actionable, operational savings opportunities across a few key areas:

Arbitrage Savings: Identify savings opportunities within an organization where the client is paying different prices for the same Client Part Number (CPN) in different locations
Duplication Savings: Determine instances where the same (or equivalent) Manufacturer Part Number (MPN) are coded with different CPNs, with each CPN having a different price
Target Savings: Identify savings opportunities where the client is not competitive, relative to the rest of their organization, in negotiating pricing for a Manufacturer Part Number (MPN)

Beyond Operational Savings

Collaborating with Lytica to capture operational savings opportunities is the foundation for success in business process improvement. While tangible, easy wins will result from continuous collaboration, Lytica also has the capability to help clients capture transformational savings opportunities.

Transformational savings represent the highest impact opportunities for business process improvement and analyzes how a client operates strategically in sourcing and procurement. Collaborating with Lytica on transformational savings opportunities will help a client:

Determine the impact, limitations, and implications of existing strategic processes, systems, tools, and human resources
Conduct deep, data-driven analysis to identify root causes between exceptional internal processes and poorly performing internal processes
Achieve transformational savings opportunities within material costs, labor costs, and license fees from other vendors

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