Manage risk by effectively controlling supplier take-on. Fraxion assists you in establishing a centrally managed supplier directory by streamlining supplier take-on and qualification steps.
Fraxion centralises procurement and enforces the control and consistency of all purchasing activities across the board. Embedded controls ensure that the required number of quotes are obtained at request phase, preventing maverick spend from unauthorised suppliers and limiting once-off purchases that diminish volume discounts. These agreements provide certainty of supply, quality and unit price over time, trade and settlement discounts and internally direct all spend to preferred suppliers.