Next-generation value engineering and spend analytics solutions bridge the gap between sustainability goals and compliance costs to optimize procurement ROI.
Leverage the combined power of millions of structured data points on product attributes and supply chain impact costs — for thousands of purchase categories aggregated from trusted third-party certified sources — to calculate and maximize your Green Spend Efficiency™.
ProductBio’s accounting system monitors for impact offsets of spend from improved selection criteria for policies and products with same value, but better price giving you both savings and choice when planning product selections. Adjust purchase criteria by target impact areas to minimize liabilities while maximizing offset benefits over time to balance your sustainability budget. Upload purchase records to calculate and compare performance in a Benefits and Liabilities (B&L) Balance Sheet™.
Metrics give accountability and reporting specificity to policy criteria that stretch purchasing dollars for greater compliance coordination and cost savings tradeoffs between finance / sustainability / procurement. Balance your sustainability budget with criteria maximized for impact offsets per dollar spent with a Dynamic Category EPP Builder™.
Easy and seamless integration with existing processes and tools for backwards compatibility. Recommended product lists meeting your sustainability criteria at the lowest possible cost, all within budget, vendor contract, and fixed-cost contraints are importable into your purchasing system for Seamless Green Spend Compliance™.
According to EPA and GSA, our acquisition of goods and services create nine times the sustainability impact liabilities than any other operational activity. ProductBio’s aggregated database of translated certification data turns sustainability impact goals into automated EPP criteria engine governing product-level category management. Chief Procurement Officers at cities, schools, and companies use ProductBio to find out which vendors’ products best reconcile cost, performance, and sustainability compliance specific to their parameters and green spend targets.
Upload your green attribute database or SKU product catalogue in machine readable formats to automatically translate marketing claims, and product disclosures into buyer-matchable criteria datasets.
Match EPPs from public sector institutions to the product SKUs in your catalog based on their green attributes to unlock sales opportunities. Increase your marketing ROI by targeting your sales opportunities more effectively across customer types, category types, or particular organizations. Benchmark your merchandise to stay competitive.
for unknown new customer opportunities.
into new categories within existing customer contracts.
management of existing contracts to ensure renewals.
Give your customers the quantified sustainability reporting they want to fully optimize their procurement ROI. ProductBio’s next-generation value engineering and spend analytics solutions helps you report your products’ impact offsets per dollar to bridge the gap between sustainability targets and compliance costs for your customers in a Benefits and Liabilities (B&L) Report Card™.
Benefits & Liabilities (B&L) reports track, monitor, and showcase progress as you balance your sustainability budget. View progress and performance over time in monthly Benefits and Liabilities reports that analyze procurement spend to identify target areas to reduce impacts and improve green spend. Track purchase orders, RFPs, and PCard receipts to analyze end-user compliance and adjust departmental criteria and product recommendations to maximize your green spend.
A web application which allows the user to balance their sustainability budget. The user is scored on green spend and given recommendations based upon their constraint selections. The constraints include vendors, product categories, products and overall budget. By choosing which aspects of their spending are fixed, ProductBio is able to recommend a basket of goods which is best fit to those criteria.
Given purchase orders from the user we score their performance across impact areas, departments, product categories and determine how much of their overall spend was green. Here green is defined as above being product category specific threshold. The threshold is equal to max(mean score + 1 standard, 10) where the scores are the benefit efficiency scores of each product within a product category.
The Benefits and Liability Balance Sheet results are used to benchmark and compare to peers. Percentile scores across impact areas, product categories, departments and vendors are compared across similar organisations.