![]() “We can walk into any meeting and feel confident in our data, whether it’s receipts history or a certain category of spend. “Not only can we pull data quickly, we also have a high level of confidence that it’s correct,” he points out. Local materials managers can now leverage data sets when meeting with CEOs, while dashboards and pricing visibility are provided from the Dallas corporate offices. “Envi allows us to put a foundation in place for identifying things that are on formulary, not on formulary and de-activate things we shouldn’t be purchasing,” Martinez notes.Įnvi also gives Martinez and others peace of mind that they can trust their data. One of Cornerstone’s current goals is to move toward a single formulary. Drive savings through several key initiatives, including contract utilization, formulary development and management, and inventory reduction.Strategic sourcing via a single platform is helping Cornerstone realize its vision of centralized procurement.A user-friendly platform simplifies the PO process, tracking inventory and reporting.Using Envi and working with Provista solved Cornerstone’s procurement pain points and enabled new capabilities: Those were large credits we were getting back.” TECHNOLOGY AND EXPERTISE SOLVE PROBLEMS They identified the credits we were due, mainly from the distributor end. “The team monitored spend on a regular basis, checking POs against contracts and making sure we had correct pricing. “One big lever that we pulled last year was price alignment services with Provista,” Martinez adds. ![]() The Envi technology also lets users quickly see any pricing not on contract. In addition, Provista notifies Cornerstone of backorders and can recommend product substitutions. This gives materials managers time back in their day so they can focus on other areas.”Īnother benefit is the ability to physically scan entries, rather than the old method of writing down item numbers, which has slashed time spent on this process by 40%. “Provista takes those order entries and issues the PO to the vendor. Now they just issue order entries in Envi,” Gummer says. “Our materials managers were issuing POs. Provista, in conjunction with IOS, has a procurement team in place that has the ability to issue purchase orders (POs), which makes life much easier for materials managers. It’s a really great partnership.” PROVISTA ENABLES NEW PROCESS IMPROVEMENTSĪt the same time Cornerstone switched to Envi, it also began using the procurement services offered by Provista, the organization’s group purchasing organization (GPO) that was providing best-in-class contract pricing and supply chain solutions. “We have strategic plans, and they’re part of that strategy. “The Provista team was great at communicating and were always there to help,” Gummer says. They credit the success to strong communication throughout the process. “Honestly, I can’t think of a time where something didn’t go right.” “We had an aggressive timeline to roll this out,” he notes. “I was utterly shocked at how easy and simple it was, and how quickly our materials managers adapted to using it.” “I assumed it would be a difficult process,” she says. Gummer admits she was worried about hitting roadblocks during implementation. PAIN-FREE IMPLEMENTATION IS AN AH-HA MOMENT This is not only coming from corporate, but also from materials managers who can pull the information and have talking points to give to their CEOs and review with them where they’re spending money.” With Envi, we have the ability to show costs on a granular level. “The reporting functionality has changed the world we live in as far as being able to share information with our CEOs at the local level. “We needed the functionality to export the item master and have a robust set of reports,” explains Cameron Gummer, corporate purchasing director for Cornerstone. A centralized platform also enables a single data entry, like entering a price for an item, to be updated across all facilities. “We wanted to have visibility into a single item master so we could control some of the goals we have, such as formulary development, contract compliance and controlled spend.”Įnvi allows Cornerstone to centralize purchasing, address inventory in a user-friendly manner and have accurate information. “Our goal was to have a system in place to streamline purchasing,” says Luis Martinez, vice president of Supply Chain for Cornerstone. Sourcing purchases, extracting data and running reports were problematic, which made supporting cost-savings initiatives difficult. Cornerstone’s previous system was not user-friendly.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |