This article explains how a parent company can manage it's component costs centrally at the group level, without duplicating this work per division (banner).
📔 To set up a Parent <> Child relationship company connection in Loupe, please contact your Success Manager. This feature is Enterprise only and requires unique calibration depending on your company's architecture.
Step 1: Once a parent <> child relationship is set up, you can start creating your Sourcing grids in the Parent Company account following our standard Sourcing Knowledge Base articles.
Step 2: Any changes in the parent company grids will be automatically reflected in all your linked child company's sourcing grids and the syndicated suppliers.
💡 Ensure that all the suppliers of your child companies are added in the Parent Company as all price negotiations are performed between the Parent Company a/c and the suppliers.
Step 3: Child company grid's are VIEW ONLY. You will not be able to make any changes from the Child company's sourcing grids.
Step 4: When a supplier quotes against the parent company's grid it will be reflected in both the Parent Company's grid & child companies' grids, although notifications are triggered only to Sourcing team of the parent company to keep the communication centralised: