Apexon, a provider of active supply management software for manufacturing, is releasing Apexon SPM 2.5, the latest version of the company’s on-demand supply performance management suite.
Apexon SPM 2.5 automates and streamlines direct materials supply management, including supplier scorecarding and performance analytics. The subscription software service allows manufacturing companies to analyze and act on critical supplier cost, quality and delivery data.
New features allow users and teams to generate personalized supplier performance scorecards and dashboards, set proactive performance alerts across multiple data dimensions, and analyze millions of supplier, part, plant, and supply team combinations and relationships.
Updated features include Dashboard, an add-on module that provides graphical trends of aggregate supplier performance and simplifies the process for monitoring key performance indicators (KPI). Another enhancement is Supply Team Dimension, which allows rapid monitoring and analysis of team or department-specific information to proactively manage a key subset of suppliers.
With supply disruptions and cost pressures on the rise, many manufacturing companies are looking for ways to become more proactive with their supply base, said Kevin Brooks, vice president of marketing, Apexon. Apexon SPM 2.5 enables that proactive relationship by streamlining the traditional, labor-intensive supplier scorecarding process and by quickly aligning key stakeholders across the supply chain.