ESS

Flexible Way to Purchase from Variety of Vendors

Needs & Vendors Bridge Exceptionally

Customized product catalogues, vendor restrictions and budget controls by GL Code. With ESS web application varieties comes within budget for property management companies

The Challenges

No controlled method to restrict rogue spending to unapproved suppliers or to increase budget compliance.
Maintaining consistency of paint products across the customer’s portfolio.

Solution Provided

A paint standardization program was developed in partnership with different paint suppliers. The program was involved in re-negotiating the paint prices with the paint supplier on approved national brands where eSupply Systems platform was used to implement purchasing controls. As a result of this standardization program, the approved paint SKUs were reduced to 81 (77% reduction), and the customer made savings of $34,000, which created an additional $680,000 in asset value (5% cap rate) for their clients, over the first 12 months.
The performance of the companies utilizing the budget compliance feature of the eSupply Systems improved drastically. Within a year, the annual budget variance improved from 15.4% over budget to 5.1% under budget. The delta was more than $124,000, which created an additional $2,480,000 in asset value (5% cap rate) for their clients.

Technology Used

Magento - ecommerce

Result

To extract out the best performance of eSupply ESS, our engineers kept the systems program timeless, i.e. to perform exquisitely while giving a seamless experience to vendors and end-consumers.

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