Transform the way you engage your vendors
Learn more about how Felix can help companies in the metals, mining, or oil & gas industry.
Vendor management challenges
Third-party suppliers and contractors now more than ever heavily impact the safety, efficiency, productivity and ultimately, performance of miners. Yet, manual vendor management and reporting processes are hurting operational efficiency and also magnifying risks for all stakeholders.
- Lack of audibility and governance over vendor data to meet standards, objectives or legislations, e.g. modern slavery
- Spend leakage and underperforming operations due to limited oversight of how sites manage vendor performance
- Limited transparency and visibility over expiring compliance and insurances
No control over site-led
procurement activities
The significant disconnect between operations and headquarters can create barriers and missed opportunities. In addition, manual processes have become more hindrance than help, especially for the often lean procurement and contracts function.
- Error-prone capture of tender information between different manual systems, resulting in delays
- Low transparency and a lack of collaboration between HQ and sites, creating barriers for governance
- Inability to improve bottom line and lock in cost savings due to inefficient tendering processes
Designed for Resources & Mining
- Vendor Onboarding
- Single Source of Truth
- Corporate Governance
Vendor Onboarding
Vendor Onboarding
Capture a baseline of vendor data to be leveraged downstream for further efficiency and decision making, saving precious time during a sourcing event:
- Tailored prequalification workflows based on risk profiles
- Streamline the approval process from relevant internal subject matter experts (e.g. HR, HSEQ)
- Vendor re-qualification and survey functionality to ensure ongoing compliance
Single Source of Truth
Single Source of Truth
Access a single source of truth for all vendor data. This allows organisations to have greater oversight of their supply chain to inform better and quicker decision making whilst driving internal collaboration.
Quickly and easily segment your supply chain via location, tag (e.g. Local and Indigenous content, Social Enterprise, Modern Slavery etc.), performance score and panel.
Corporate Governance
Corporate Governance
Ensure transparency and auditability of performance and spend across each asset/ operation, whether site-led or centralised procurement.
- Have the confidence that only relevant and compliant vendors are pulled into an RFx
- Use rapid sourcing for "under threshold" engagements to empower site-led procurement activities that are centrally enabled
- Create recommendation for award sign-off workflows to ensure fair engagement
- Feed all interactions with each vendor back into the centralised database
