Cost savings due to increased competitive bidding.
Current MaxProcure Maximo users are saving hundreds of thousands to over $1M per year by letting the vendor portal collect bids for many of their PRs. This is based on lowest quoted line price compared to the average of the higher quotes.
Studies by the Journal of Construction Engineering andManagement and others have shown competitive bidding leads to an 8% reduction in the “bid low price” and further reduction as more bidders are added. MaxProcure enables you to include as many vendors as you want with zero effort, and can even turn your approved PRs into RFQs automatically (we have some customers sending almost every PR out for quote).
Cost savings by using annual negotiated Price Contracts.
If you're not using RFQs in Maximo then you may not be negotiating volume discounts with your primary MRO suppliers either. MaxProcure makes it easy to automate this and create Price Contracts in Maximo.
Productivity gains from knowing when parts will arrive.
Talk to your maintenance and project teams to determine if they have ever experienced a work delay, cost impact to mitigate/reorder, or compliance risk due to not knowing when parts will arrive. MaxProcure collects line delivery dates from your vendors so you always have that in Maximo to drive maintenance scheduling.
Cost savings by taking advantage of early-pay discounts.
Investigate whether you ever have invoice entry delays which impact your ability to take advantage of early-pay discounts offered by your vendors. MaxProcure gets you out of the data-rekeying business so the invoices appear instantly and your staff can focus on value-added tasks.