89 performance on Quality , Cost and Delivery ( QCD ) through digitization . We ’ re currently using the software interface-Qlik which talks to our Enterprise Resource Planning ( ERP ) system and other softwares for realtime analysis of data . Along with this , we have integrated a contract management tool to manage Master Procurement Agreements and drive business process improvements ” says Arora . The mantra here is to “ simplify the way we work ”.
To further strengthen the SPX Transformer Solutions continuous improvement and performance management culture in terms of “ what does good look like in sourcing ” Arora collaborates with his peers and team members by asking questions which helps the business to remain competitive :,
• Do we have a long-term contract with our top suppliers to control 80 % of our total spend ?
• Do we have a firm price contract using the ‘ should cost ’ model to avoid price increase risks ?
• Do we have dual sourcing ?
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