Supplier Management Tool

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Supplier Management Tool

By Locatory.com for aviation inventory buyers

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Product Description
Locatory SMT is primarily targeted to serve the needs of aviation inventory buyers airlines and MROs.

Its purpose is to save time for purchasing and

procurement executives and to help them

optimize their work.

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How it works
Brief case study

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Usual RFQ distribution

RFQ distribution
Open Market (parts locators) 7% Preferred Vendors 90% Other 3% 3% 7%

Only 5-10% of RFQs are usually being processed in the open market via the parts locators
The majority of inquiries are usually being sent directly to the list of preferred vendors.
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90%

Usual procurement process

RFQ is sent to the list of preferred vendors. Replies are analyzed one by one. Information consolidated manually.

Data analyzed, decision made.

If the result is not satisfactory search is done using a parts locator.

RFQs sent.

Information consolidated manually.

Data analyzed, decision made.

PO issued.

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Procurement process with Locatory SMT

Locatory SMT optimizes the process and leaves the following steps

RFQ is sent to the preferred vendors and the market with one click.

Data analyzed, decision made.

Information consolidated automatically.

PO issued.

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How it works
The preferred vendors do not need to be signed up with Locatory user enters them into the system. Vendors receive RFQs via the email. They can quote by:

A
Filling the form in the e-mail

B
Filling the online form

C
Replying to the email.

If options A and B are chosen, the system will automatically capture the data and consolidate in a single table together with quotes from the open market. If the option C is chosen the reply will go to the users inbox, but will not be captured by the system.

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All quotes are consolidated in a single table

Preferred Vendors
PV Supplier 1 - $400 PV Supplier 2 - $430 PV Supplier 3 - $380

Open Market
OM Supplier 1 - $360 OM Supplier 2- $500 OM Supplier 3 - $450 OM Supplier 4 - $350 OM Supplier 5 - $600

Single report is generated and can be exported for analysis

OM Supplier 6 - $540

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Benefits
Locatory SMT is beneficial both for buyers and suppliers

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Benefits for buyers

Saving time
Eliminates the need to send numerous emails Eliminates the need to manually consolidate information

Saving money
Eliminates the need for additional parts locators Allows price check Vendors VS Market Allows finding new vendors offering better prices

Making money
Still allows to list surplus inventory for sale

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Benefits for suppliers

Receiving RFQs that would otherwise go to other companies

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Why should you use it

There are 3 strong arguments to use Locatory SMT

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Figures talk for themselves

Saves 35 working days per year Saving approx 15% of the inventory price 100% online product

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Saves 35 working days per year

Purchasing executive saves approximately

5 hours a week
thanks to our SMT. This sums up to

35 working days
a year multiplied by the number of people involved in purchasing.

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Saving approx 15% of the inventory price

Comparing to market prices on average allows saving approx 15% on the inventory purchasing.

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100% online product

Employing the system does not require any structural or process changes within the clients company. SMT is a 100% online application thus it does not require any additional hardware on the clients side.

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E-mail: info@locatory.com, Phone: +370 5 252 55 00, www.locatory.com

CONTACT US

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