End-to-end sourcing and cost management solutions throughout the entire product development and purchasing lifecycle
Tada’s Procurement Control Tower allows you to work with skilled cost modelers to hold your existing cost models or build new ones. Our platform ingests hundreds of monthly raw material indices and supplier cost structure breakdowns by industry.
It offers customizable workbenches for various sourcing, procurement and cost management roles. These workbenches show the applications and metrics needed for each job function. Some of our profiles include Product Owner, Buyer, Spend Data Analyst, Cost Management Expert, and Product Developer.
• Authorize what enters the pipeline for high resource activities and see the status of target cost to the whole portfolio.
• Manage project by part and supplier. Take action based on real-time, up-to-date status of each project.
• View strategic consolidation of every negotiation opportunity by supplier.
• Leverage a full spend taxonomy by category attributes at any level (supplier, product, and buyer).
• See total cost of supply plants and aggregate cost by level of product, business line, supplier, and buyer.
• Manage total liability beyond initial purchase and help customers understand why your offering is more profitable in the long run.
• Use filter and funnel to investigate RFQs (Request for Quote) and quickly get finalists.
• Group direct spend packages with taxonomies to target the right suppliers, enabling suppliers to bid the best deal on a portfolio.
• Understand environmental charges in TCO (Total Cost of Ownership) and reduce risk to ensure the provenance of your direct material.
• Combine costs across systems to achieve spend visibility and optimization.
• Get instant quotes from your most trusted suppliers and invest time only where it matters.
• Use Tada’s Supplier Portal to extend your global ecosystem of suppliers and match your NPI (National Procurement Institute) awards to the best suppliers on your AVL (Approved Vendor List).
• Categorize spend by taxonomy and mine the entire spend with confidence for savings opportunities.
• Understand what drives cost in your spend, identify outliers, and bring them in line with the rest of the spend population.
• Perform multi-variable linear regression, create cost-per-driver analysis and explore non-Boolean cost driver analysis and modeling.
• Identify cost-saving suppliers by examining who is making your parts for more and less.
• Examine your current spend versus your contracts and understand where you should get a volume price break.
• Simplify your product design by choosing the highest revenue options.
• Discover the range of possible product cost outcomes via Target Costing.
• Use System-level Parametric Modeling to segment new vehicles, products, systems, and subsystems from historical benchmarks.
• Identify the highest value product ideas that increase product revenue, while lowering cost.
• Track the changes in cost to target and take action to meet profitability through Product & Service Cost Roll-Ups.
Implement and launch in only 6 to 8 weeks, allowing for rapid impact and benefit across business units.
Navigate your business both horizontally and vertically, exploring information the way your mind operates.
Interact with others instantly, avoiding lengthy delays by chasing out-of-date data across multiple silos.
Access your information on-demand from multiple devices with seamless performance - no matter the platform.
Follow and react to trends and patterns in your business as data tells stories worthy of your attention.
Get notified of important changes or disparity in your business operations in real-time, when they happen.