I.P. SpecXchange

Digital Business mandates

  • Increased agility
  • Minimized cycle-times
  • Improved efficiency
  • Enhanced transparency
  • Active risk-management
  • Eliminate re-entry
  • Eliminate redundant documents
  • Protect IP

From Ad-hoc Communication to Partnering

Ad-hoc Communication Collaborate
(Data and Documents)
Automate
(Recertify)
Mitigate
(Risk)
Integrate
(Partner)
Paper based, redundant and error-prone process Work with Partners to collect data and documents in the cloud

Automate documents, Specification and Partner updates

Detect risks based on supplier responses, manage nonconformance/auditing

Integrate tools to improve Partner productivity and make it a win/win situation

I.P. SpecXchange supports seamless flow of information to all partners

Features and Benefits of I.P. SpecXchange

1. Context Based Content Improves Accuracy and Compliance
Effective collaboration requires a cloud based application designed to aid entry of only relevant information and documents

Intelligent templates sorted by Category, Region and Customer

Automated notification and cloud based entry, with validation and lists; improved collaboration

Approved content and documents with expiration dates eliminate entry and minimize error

2. Immediate Value to the Enterprise
Accurate, timely and compliant information improves confidence and innovation

R&D, Quality, Compliance, Sourcing & Operations – all work off the same data and version of documents

All published information is created from accurate, complete and updated data

Version  and Document Storage Management eliminates the risk of redundant and obsolete documents

3. Automated Recertification and Data Reviews
Automated Recertification Management improves productivity and minimizes risks of missing documents or FMA/BRC data obsolescence

Rules based expiration date and review processes manage recertification

Automated notification and cloud based updates of data and documents upsurge supplier productivity

Approved content and documents with expiration dates eliminate entry and minimizes error

4. IP Partner Screening, Audits and Non-conformance
IP SpecXchange facilitates audits for compliance and incrementally improves risk mitigation and nonconformance management.

Preliminary or follow-up supplier screening can minimize risks

According to risk analysis, Cloud based internal or 3rd party audits can be used to mitigate risks

Automated nonconformance management reduces compliance and quality risks

5. Partnering to Improve IP Partner Productivity
IP Partner can avoid re-entering product information into multiple portals with cloud based applications, networks and integration to supplier PLM, which increase participation

IP Partner can enter data once and maps into multiple supplier formats

IP Partner can receive requests, import data and amend information on an exception basis

Self-service averts security issues, with no need of manufacturers’ PLM, which minimizes IT overhead

 Versioning & Recertification

  • Eliminates the need for multiple shared directories and serves as a single Source of the Truth
  • Significantly reduces the risk of improper storage and erroneous usage of documents due to manual storing by multiple people
  • Supports adhoc Supplier document and specification updates as well as changes in supplier and material status
Paper Based Scenario
I.P. SpecXchange Scenario

Benefits

Innovation Compliance/
Quality
Risk Mitigation Reduce Cycle Times Improves Productivity Lower Costs Improves Margins
Material Requests
Recertification
Information Reviews
Audits
Non conformance Management
Networked Based Processes
Risk Mitigation
Rationalization