Organizations today spend millions of dollars annually on MRO and other indirect materials, but have very little insight into how that material is being deployed and utilized in their operation.
Lake Forest, CA (PRWEB) February 20, 2014
MarginPoint, a leading provider of cloud-based indirect material management solutions, today announced the availability of MarginPoint 8.2, the latest release of its flagship cloud software platform. MarginPoint 8.2 includes a number of significant enhancements, including a new Advanced Analytics module that allows customers to effectively analyze their operational data to identify cost reduction opportunities and improve efficiencies.
“Organizations today spend millions of dollars annually on MRO and other indirect materials, but have very little insight into how that material is being deployed and utilized in their operation. Without such insight, it is extremely difficult for companies to ensure that they are getting the most out of their indirect material investment,” says Vince Sheeran, CEO of MarginPoint. “MarginPoint Advanced Analytics, when used in conjunction with other MarginPoint solutions, provides the insight needed to adequately control indirect material costs, eliminate waste and identify opportunities to reduce inefficiencies across the operation, driving as much as full point of margin to the bottom line.”
MarginPoint Advanced Analytics includes a variety of powerful and flexible analysis and report design tools to help customers quickly create custom dashboards and reports tailored to the specific needs of their business, all without relying upon their IT departments. Business users can monitor key performance indicators and quickly drill down to identify and address specific problem areas. The key capabilities include:
- Powerful ad-hoc analysis engine – Provides ability to drill into operational data to uncover trends and gain insights into specific performance issues
- Easy-to-use report designer – Offers the ability to create any number of custom reports tailored to meet specific customer requirements
- Custom dashboards – Monitor performance metrics and KPIs across an unlimited number of custom dashboards that can be created and configured through the MarginPoint browser-based interface
- Integral part of MarginPoint platform – Provides seamless out-of-the-box access to the full and rich set of operational data available across all of the MarginPoint solutions without any custom development
- Cloud delivery for anywhere, anytime access – As part of the MarginPoint cloud platform, users have access to the Advanced Analytics module anywhere, anytime via the browser-based user interface.
Other notable features of the MarginPoint 8.2 release include enhanced visibility to supplier catalogs, enabling customers the quick identification of material sources in unplanned or spot buy scenarios, as well as a new Point-of-Use Vending management console that provides greater visibility and control over communications between MarginPoint and any connected POU devices.
About MarginPoint 8
MarginPoint 8 is a comprehensive indirect materials management software solution that enables industrial companies to streamline their indirect materials processes to drive down costs and improve profitability while maintaining or improving their operational service levels. MarginPoint 8 provides visibility into all phases of indirect material management from sourcing and procurement through staging, usage and disposal.
MarginPoint is a leading provider of cloud-based indirect material management solutions for the industrial market. More than 400 industrial companies currently rely on MarginPoint solutions daily to reduce their indirect material spending and streamline their indirect material management processes. MarginPoint is uniquely focused on integrating the end-to-end indirect material lifecycle to deliver the highest possible ROI for customers. MarginPoint’s SaaS delivery model enables customers to rapidly deploy the solution without any significant up-front IT investment.
MarginPoint is a privately-held company whose investors include The Argentum Group, InnoCal Venture Capital, Inverness Graham Investments and Mission Ventures. For information about the company’s products and services, or how to become a MarginPoint distributor or partner, please visit the company’s website at http://www.marginpoint.com or call 888-229-3685.