Co-eXprise was founded to provide the next generation of enterprise sourcing solutions for the discrete manufacturing industry

Over the past decade, there have been extensive technology and process improvements in the areas of procurement and sourcing, but these advancements focused primarily on indirect material and services spend. While there are benefits from consolidation and automation in this area, there is an opportunity to drive a significantly greater financial impact with improved management of direct material spend.

Direct material accounts for almost three-quarters of spend for most industrial manufacturers. Even modest reductions in direct material spending can produce a significant financial impact. In fact, for most discrete manufacturers, reducing the cost of revenue by as little as one to two percent will drive double-digit improvements in net income.

Given the inherent complexities of sourcing direct materials, many manufacturers have struggled to find solutions with the advanced capabilities required to improve their sourcing processes. That is, until now. Co-eXprise designed its CX4 solution to improve the management of direct material spend for discrete manufacturers. While CX4 is equally effective for managing indirect spend, the solution is built to address complex direct material spend and drive significant business value.