| Inventory Creation |
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In providing direction, you need two critical pieces of information. A "starting point" and "destination". The destination is easy; reduce costs. In a large complex organization, the starting point can be a bit more problematic. Most large organization receives thousands of invoices, have multiple vendors, contracts and departments managing different aspects of each service. In order to maximize your negotiations, you first need a complete picture of quantities, current costs, locations, vendors, and other key information. Inventory creation can take months through traditional methods and hundreds or thousands of man-hours to accomplish. Optelcon can help.
Optelcon has developed a proprietary inventory and cost management system I.T.E.M.S.tm (Intelligent Total Expense Management System) that makes this process quicker and more cost effective. Optelcon's system is designed for taking invoice information from virtually any supplier and turn it into a current and working inventory. Optelcon's analysts work directly with your vendors to collect this information, reducing your internal workloads and accelerating the process by as much as 3-5 months. Optelcon's expert team and systems, will take your vendor's data and merge it with any of your own company's data.. Optelcon will used this information to create a very detailed inventory broken out by vendor, product / service type, costs, contract terms and other key information. Not only will this highlight un-needed and incorrectly billed services, it will also provide the starting point for the negotiating and bid process. Optelcon uses this detailed information as the starting point for our proven Rapid RFPtm process.
Optelcon's I.T.E.M.S.tm platform can also be used as an ongoing cost and inventory management system. I.T.E.M.S.tm is a SAAS, web based system, which means there are no large software / hardware licenses to purchase or maintain. I.T.E.M.S.tm can scale to virtually any size and is used by fortune 5000 companies as well as Fortune 100 organizations with over 50,000 employees. Contact Optelcon today and start improving your bottom line tomorrow. |
