This Procure-to-Pay solution is a proprietary e-commerce platform that automates many of the time-consuming tasks related to purchase order processing. The platform electronically connects providers with suppliers to enable a quick and simple exchange of supply chain-related documents. With Vizient eCommerce Exchange, you’ll have direct access to national, local, custom and member business ventures contracts, as well as three-way price matching (purchase order price = vendor price = contract price) for real-time price verification.
Improve your purchasing efficiency and price accuracy
Vizient Transaction Management services enable our team of analysts to work as an extension of your purchasing department, using our eCommerce Exchange platform to help you standardize business practices, identify price discrepancies and facilitate price resolution. With this Procure-to-Pay solution, health systems can conduct electronic data interchange with any supplier regardless of their size or technical capability and receive confirmations on all purchase orders.
Vizient Catalog Services offers comprehensive maintenance to ensure members a single point of truth for contract management. Ensuring your contract data is up-to-date and complete makes maintaining your item file easier, reduces price discrepancies and reduces false positives related to opportunity identification.
Vizient Procurement Services provide discipline and standardization with the highest possible customer service and support to optimize procurement operations.
Item Master Services
Approximately 95 percent of a health system’s purchase order lines tie back to a product item that is managed in the item master file. If that data in that item master is unreliable, your best efforts to manage cost and deliver savings may be in jeopardy. Item Master Services ensures the data integrity of all item file attributes. The Procure-to-Pay solution improves price accuracy on transactions by synchronizing your item file price with your contract price on a daily basis in your enterprise resource planning system.
Download the white paper: Good data is where great supply chain beginsThe quality of your item master and data management processes has a significant downstream impact on supply chain operations. Poor or weak data management processes can result in increased labor and logistic expenses, stagnant (or increased) product inventories, increases in “maverick” spending, inefficient contract management and accounts payable processes and inaccurate analytics and reporting.
Complete the form to download the white paper to learn how Vizient can help you align your data management efforts to more closely reflect gold standard for item master management.
Connect with us to schedule a demonstration and learn how to leverage Vizient Procure-to-Pay capabilities at (800) 842-5156 or email@example.com.