Claritum has extended its price compliance capability in order to drive adherence to contract prices.

Price Compliance enables buyers to enforce pre-negotiated prices from approved suppliers for a wide range of specifications. Once set up, a manager can enter a specification, and Claritum will calculate the best price and will auto-generate the pricing range, from multiple approved suppliers. This ensures the agreed pricing is maintained for the life of the contract and will not be flexed up at the supplier’s discretion.

Suppliers are more likely to achieve contracted turnover, as well as a volume commitment from the buyer, over set period of time. This will allow the supplier to plan their time and resources and improve efficiencies and profitability. Price compliance provides complete visibility to both buyers and suppliers.

Claritum’s highly capable and flexible solution streamlines print workflow and communications with customers via an end-to-end secure trading platform, and can handle a broad range of complex print specifications such as direct mail, personalised print, POS materials and brochures.

Claritum has extended this capability to cover an even broader range of specifications, such as stapled booklets, bound booklets, laminating, photocopying and acetate binding, helping to streamline document management processes even further.

Claritum’s vendor management capability enables real time monitoring of supplier performance against service level agreements. The solution enables buyers to rate performance against pre-agreed criteria such as quality, response times, adherence to delivery schedules and compare quote, order and invoiced costs. Not only does this ensure supplier performance is monitored on a job-by-job basis, buyers can assess changes in performance over time.

More and more buyers are benefiting from Claritum’s unique ability to display actual prices from multiple suppliers in 30 seconds or less. Claritum interrogates every method of working from the clients approved roster or from a marketplace of over 100 digital and litho printers, and displays the lowest 3, 5 or 10 to the buyer.

This approach differs from merely looking up pre-negotiated contract prices or online auctions as it reflects the real time capacity and availability from approved (or non approved) suppliers. Printers benefit as it frees up estimating resources, they remain in control of their prices and gain a full works ticket for every method of working.