Visteon Corporation - MeRLIN
Company: Visteon Corporation
Company Description: Visteon is at the epicenter of the connected car driving revolution, with one of the broadest cockpit electronics portfolios in the industry. Visteon designs, engineers and manufactures vehicle cockpit electronics products and connected car solutions that deliver a rich, connected experience for drivers and passengers. Visteon is $3.16 billion company with more than 10K employees in 19 countries.
Nomination Category: Products & Product Management Categories
Nomination Sub Category: Best New Product or Service of the Year - Software - Supply Chain Management Solution
Nomination Title: MeRLIN - Material eResource Linked Information Network :- A Procurement product from RheinBrücke IT in co-operation with Visteon Corporation
Tell the story about this nominated product or service (up to 650 words). Describe its function, features, benefits, and performance to date.
With the globalization of manufacturing operations, having a global procurement network that can support and react to your supply chain needs is important. According to many chief procurement officers, selecting a strategic supplier that provides manufacturing locations with consistent global quality and a reliable local service, is a challenge.
Supply chain managers have seen increasing challenges to create, and keep, efficient and effective supply chain methods. Here we discuss five of the biggest supply chain challenges.
Customer Service - Supply chain management is all about providing the right product in the right quantity to the right place and the right time. Seems simple, but can get complicated...quickly.
Cost control - Operating costs are under extreme pressure by rising energy/fuel and freight costs, greater number of global customers, technology, increasing labor rates and new regulations and rising commodity prices.
Planning & Risk Management- In order to stay as efficient and effective as possible, periodic assessments and redesigns are needed. These adjustments are in response to changes in the market - changes such as new product launches, global sourcing, credit availability and the need to protect intellectual property. These risks must be identified and quantified in order to control and mitigate
Supplier and partner relationship management- It is important to create, understand and follow mutually agreed upon standards to better understand current performance and opportunities for improvement. Having two different methods for measuring and communicating performance and results wastes time and effort. Trust the system that was put in place for consistent results and better supplier/partner relationships.
Talent- It is becoming increasingly more difficult to find qualified and interested talent. Supply chain leaders need an extensive understanding of the key competencies and duties needed for supply chain management roles and the ability to efficiently source specific skill sets and methods for developing future leaders.
The life of a procurement head can be fraught with complex and competing challenges. In a recent survey we carried out amongst CPOs across Europe and beyond, we found that reducing spend with third-party suppliers, driving down the cost of procurement, managing supply-led risk, ensuring right future pricing and harnessing true innovation from the supply base remain the most significant business objectives that the CPO must address.
In doing so, the procurement departments must also ensure that the benefits derived from a professional sourcing and procurement programme are realised by the organisation, continue to secure first-class goods and services and develop a leading procurement capability which enhances the reputation of the company.
When MeRLIN is comparted to SAP Ariba, IBM Emptoris,FACTON, Siemens Costing, aPriori,
-MeRLIN offers a complete solution to automate your Purchasing function
-The solution has a shorter implementation cycle and is less complex to implement
-The MeRLIN solution is future proof as it is built on open technology platform (standard Microsoft .NET and SQL Server) and the latest version of Epicor
-MeRLIN is extendible and can provide broader coverage for Costing as well as other Enterprise functions
-MeRLIN is significantly cheaper than other products -18%- 25% of the cost other products
In bullet-list form, briefly summarize up to ten (10) of the chief features and benefits of the nominated product or service.
A system/ technology that supports procurement to dramatically support with spend analytics,
1) Managing spend creep and ensuring cost containment .
2) Providing clear visibility of realised savings , which is a common challenge for many in the indirect categories of expenditure.
3) Ability to finding the right means to ensure compliance to contracts i
4) eSourcing capability
5) Inbuilt Advanced Supplier & Contract Management,
6) Inbuilt eWorkflow engine,
7) Option for spot buying, savings tracking & budget management,
8) Database solution that can aggregate pricing ,
9) Enable expediting the RFQ response processes with “should be costing” analysis and help “automating” the process, Capture future pricing (incl price/volume relationship and LTAs’), Robust BOM cost target setting, tracking and analytics ,Procurement Pricing Analytics, including PPV Planning analysis and forecasting.
10) Enablement with market intelligence = MeRLIN . It stands for Material eResource Linked Information Network. A Procurement solution from RheinBrücke in collaboration with Visteon