Take a Buyer Reality Check
Compare the effectiveness of your raw materials purchasing process with that of iOPharma™ as your corporate platform with our easy-to-use 3 step calculator. Not sure how to use the calculator? Click here for instructions.
The Reality Check is optimised to work best with Internet Explorer 6.0 or higher. We are currently working on making it compatible with other browsers. In the meantime, if you are using a different browser, and would like us to send you an email with your Reality Check results, please send a message to helpdesk@io-pharma.com. We apologise for the inconvenience.
Step 1
Enter the...
a) average overhead cost per hour that you estimate it costs your organisation to process a task; and
b) average overhead cost per hour that you estimate it costs your organisation to wait (idle time) for feedback from a client in order to proceed to the next task.
Step 2
Enter the...
a) average time in minutes that it takes to process each task in the purchase cycle; and
b) idle waiting time in hours that it takes to receive feedback from a supplier for each task in order to proceed to the next task.
Step 3
Click on the "Calculate Total" button and compare the time and cost of your current supply chain system versus the time, cost and savings to process an order through the iOPharma™ platform.
Conventional Buying
Processing |
Waiting |
|
| Time (in minutes) |
Time (in hours) |
|
| Sourcing | ||
| Enquiry | ||
| Negotiate | ||
| Order | ||
| Shipping Order | ||
| Receiving | ||
| Quality Control | ||
| Payment |
iOPharma™ Buying
Processing |
Waiting |
|||||||||||||||||||||||||
| Time (in minutes) |
Time (in hours) |
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|
|
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Processing time:
0 Minutes
Processing costs:
$0
Waiting time:
0 Hours
Waiting costs:
$0
Processing time:
28 Minutes
Processing costs:
$6
Waiting time:
48 Hours
Waiting costs:
$48
TOTAL COST*: $0
TOTAL COST: $54
YOUR SAVINGS: $345
* Conventional Buying assumes that the buyer processing cost is $10 per hour and the idle waiting time cost is $1 per hour.
