OMX, supply chain, platform features

By Jon Elkin | November 22, 2018

We've enhanced the OMX platform to include custom fields, questions, and reporting - giving you maximum insight on every level of your supply chain. Reduce risk, improve costs, and generate the most accurate analytics - only with the world's most powerful procurement platform.

Did you know that 65% of procurement leaders have limited or no visibility beyond their tier 1 suppliers? 

OMX has always allowed our users to add as many tiers of suppliers and subcontractors as necessary - but now we're fine-tuning it even further to allow custom questions, fields, and insights. Calculate the economic impacts, regional distribution and SME content more easily and more accurately  - and receive unparalleled analytics and reporting throughout your entire supply chain for a program.
 
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For buyers - More data, less risk

Primes and buyers can expand their program's scope and level of detail through the "Collect supply chain data" functionality in OMX. 

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This allows you to share project details with the project's recipient so that your suppliers can fill in missing details such as domestic content value, contact information, and impacts on the recipient and subcontractors.

Project transactions can be specific to the relevant recipients that you pick. You can also set up custom fields and questions to receive the maximum amount of relevant data.

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Recipients can further add their own subcontractors for a project - giving the buyer complete insight on the  downstream impacts of their program across supply chain tiers. (You can also make subcontractors answer the same or custom questions as your recipients.)

If you allow recipients to add subcontractors to a project, you will have a new area dedicated to subcontractor work and data. This information will also be integrated into the relevant recipient's supply chain.

 

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For sellers - More opportunities, less hassle

If you're a supplier on OMX, buyers may add you as a recipient to their projects in the platform. You may be added to general or specific projects depending on the buyer's decision.

When a project is shared with you, you will be able to edit key details on that project such as the contract amount, domestic content value, direct/indirect, SME, region, milestones and notes including capabilities and the potential impact that the project will have on your company.

You may also be asked questions based off the buyer's customized specifications and needs.

Your participation as a supplier in filling in these project details will result in more accurate reporting to the buyer, the government, or other stakeholders and can help convince them of your contributions to and the value of the project if the program is still in the planning phase.

 

Documentation 

Documentation for buyers

Participating in Projects as a Recipient on OMX

Documentation for sellers

Collecting Supply Chain Data and Sharing Projects with Recipients on OMX

Need more help or want to schedule a personal training session? Please contact me directly at:

Jon Elkin

Vice President, Client Services

jon@theomx.com

(416) 780-9544 Ext. 109

 

Jon Elkin

Jon graduated from Queen's University with a degree in Political Studies and then went on to earn his Master's Degree in War Studies from the Royal Military College of Canada. He is an active member of the NATO Association of Canada, and outside of work enjoys skiing, running and mountain biking.

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