3 mins read
Our mission
At wantex, our mission is to help innovative manufacturers collaborate effectively with suppliers.
We do this by developing software for procurement professionals that helps automate repetitive sourcing, supplier management and compliance tasks and aim to create win-win situations for buyers and suppliers.
Why focus on collaboration
Supplier collaboration is a critical capability given the reliance on external partners for innovation and productivity. Procurement manages immense value and the collaboration with suppliers is THE lever for sustainable competitive advantage.
The supply chain disruptions in the past years have made it evident that manufacturers who actively cultivate and maintain strategic relationships with their suppliers significantly outperform their peers.
These disruptions have highlighted the importance of having a robust and resilient supply chain, where strong partnerships with suppliers can lead to enhanced flexibility, quicker response times, and the ability to adapt to unforeseen challenges.
Companies that collaborate effectively with their suppliers show distinctive performance improvements of 196% growth in EBIT.
- McKinsey Supplier Collaboration Survey (2020)
By building strategic alliances, manufacturers ensure a steady supply of materials and gain innovative solutions and cost efficiencies, setting them apart in the market. This proactive supplier collaboration is a key differentiator, helping companies navigate global supply networks and achieve superior performance.
How we help buyers
wantex is the interface between buyers and suppliers. Our solution enables collaboration in a web platform.
As buyers, wantex runs your RFXs, from baselining through communication with suppliers to scenarios and awards. wantex keeps track of your project completion and measures impact for your annual tenders, project specific BOM allocations or resourcing initiatives.
In simple words, we remove many emails and spreadsheets from your life allowing you to focus on whats truly relevant.
Liked by suppliers
Suppliers love wantex because they can start collaborating without onboarding! wantex requires no registration to collaborate and thus can be used right away with existing and new suppliers. Gone are the times where you spent up months onboarding suppliers to a platform!
Buyers invite suppliers to collaborate on events through a magic link, which gives access to a dedicated collaboration page that centralizes all information exchange.
The wantex AI co-pilot Zen transforms any information into the required format for submission. Think ingesting ERP generated PDF quotes or filling in questionnaires based on a couple of reference documents.
Become the buyer of choice for your suppliers!
Built for efficiency
wantex reduces the amount of tedious jobs for both buyers and suppliers and gives you collaboration super powers to find win-win solutions.
We consider our job well done when you experience significant time savings on a daily basis, allowing you to redirect your efforts towards strategic initiatives. By streamlining your routine tasks, we empower you to focus on building and nurturing strong, collaborative relationships with your suppliers.
This close collaboration not only enhances operational efficiency but also enables you to develop a sustainable competitive edge in the marketplace. Through these strengthened partnerships, you can drive innovation, optimize costs, and ensure a resilient supply chain, ultimately positioning your company for long-term success and growth.
Plug and play
Your operational reality happens in your ERP systems - we get it. So our strategic tool needs to integrate into your existing landscape. And it does! We have out of the box integrations with many systems.
wantex works standalone for immediate value generation from day 1 and integrates with over 200 tools to capture even more efficiencies.
Founded by procurement professionals
We have been walking in your shoes before. As a result our collaboration approach with you is pragmatic and guaranteed no buzzword bingo bullshit.
wantex is founded by Patrick and Daniel, both highly experienced professionals with a wealth of industry knowledge and expertise.
One tool for efficient production material sourcing. Ready to check it out?