Provides New Functionality To Procurement Technology

Akonite Optimizer is an engine which can be wrapped in either a Startegic Sourcing, eProcurement, RFP/RFQ, Bid/Ask for continuous or call markets, B2B multi-item (combinatorial) auction application, enabling existing technology providers to unlock a high volume of transactions. Integrated with existing procurement solutions, the Optimizer allows dynamic visibility and exercise of precise financial objectives for supply chain optimization.

Benefits

• Shorter cycles for high volume & multi-component purchasing or selling
• Unique support for partial purchasing from a broad variety of vendors to attain the optimal value based on variable objectives
• Simplified decision process
• "What-If" scenarios, manual overrides
• Lowering costs by 5-20% for direct materials procurement
• Precise financial control over revenues/profits/ margins

Features

Designed for High-Volume & Multi-Component Purchasing/Selling Process

Akonite Optimizer enables manufacturers to significantly streamline the material sourcing process. In order to acquire missing inventory in necessary quantities, a manufacturer typically gets involved in a tedious process of bidding or requesting every item separately, often in a single or limited quantity. In high-component markets, such as electronics, automotive, industrial equipment, etc., the piece-meal process of buying component at a time is unfeasible. Similarly for sellers, the Optimizer enables them to efficiently sell in large volumes without engaging in thousands of separate sale transactions.

Comprehensive Visibility & Streamlining Of Hundreds of Transactions

Only Akonite Optimizer enables buyers to process an entire BOM in a single transaction. This offers comprehensive visibility and scalability of the procurement process. Akonite Optimizer allows buyers and sellers to request/submit a single quote on all requested quantities within a single transaction.

Enables Evaluation of High Number of Possible Combinations of Suppliers & Inventory Items

Akonite Optimizer is able to aggregate complex BOMs and make it easy to manage and evalute possible combinations of bids and choices. Through "bundling optimization" technology, the Optimizer analyzes combinations of quotes. Every submitted quote triggers a sophisticated algorithmic comparison against other quotes with respect to objectives set by the buyer.

Precise Financial Control Over the Procurement Process

In competitive industries with slim margins, OEMs and CEMs are aware of the need to control profits and margins. Akonite Optimizer offers a unique opportunity for manufacturers to exert objective controls over procurement. The Optimizer analyses quotes and bids through the proprietary optimization technology by tracking most important financial metrics -- profits, margins, revenues, inventory rates, etc. -- and suggesting optimized decision according to variable objectives. When using the Optimizer, buyers can investigate financial impacts of making inventory sourcing decisions by executing "what-if" scenarios.

For more information about Akonite products contact Akonite's information line at info@akonite.com