Demand Aggregation

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Demand Aggregation is a methodology that provides visibility into purchasing requests throughout the enterprise generally through the process of coordinating and consolidating requirements. The Demand Aggregation facilitates the various departments or the companies of the enterprise to optimize the buying strength resulting in high savings on the cost of direct and indirect goods as well as the services using automated workflow and flexible Request For Quote (RFQ/RFP) management. The product demand across multiple plant locations, distribution channels or other units of the enterprise is aggregated like items into a single purchasing request and ordered from limited set of suppliers following standardized purchasing procedures.

Demand Aggregation supplies businesses with knowledge and visibility into the purchasing requests throughout the entire company. It helps companies to increase their purchasing power and obtain larger savings on the costs of goods through economies of scales.