Supplier Management Solutions are an Essential Piece of Digital Procurement
Build and sustain world-class partnerships with a Supplier Management solution.
Great supplier relationships are about much more than negotiating a contract to secure savings. Nurtured strategically, supplier relationships can become a source of inspiration and innovation. That’s not to mention hard dollar value. Are you optimizing your supplier relationships with a cutting-edge Supplier Management solution?
Features of Supplier Management Solutions
A great Supplier Management Solution ensures you get much more than discounts and deals from your suppliers. Check out just some of the features a world-class solution will arm you with.
Supplier Registration & Administration: Easily transition between supplier relationships with ease and quickly build collaborative partnerships.
- On-Boarding and off-boarding workflow management
- On-board scoring
- Supplier self-service
Supplier Information Management: Ensure your supplier information stays accurate, provides insights, and helps navigate around risks.
- Internal and External Supplier Certification Management
- Supplier Profile Management
- Supplier Portfolio Management
Supplier Risk and Performance Management: Gain full visibility into relevant metrics and KPIs to ensure high-value relationships.
- Supplier Surveys
- Manual and Configured Supplier Scorecarding
- Action Plan Management
- Supplier Rating and Review Workflow
Benefits of Supplier Management Solutions
- Reduced supply and supplier risk
- Visibility into supplier performance
- More accurate, actionable supplier data
- Standardized practices for Supplier Relationship Management
- Clearer, more consistent reporting
- Improved supplier compliance
- Visibility into contracts and agreements
- Better control of spend across the enterprise
- Eliminated maverick purchasing.
Suppliers don’t just provide goods and services. Engaged as strategic partners, they provide what your Procurement needs to build a low-risk supply chain, generate greater value, and distinguish themselves as innovators. Reach out to learn more about how a new Supply Management solution can provide a competitive advantage. We’ll leverage our full suite of digital Procurement resources to help you select the right tool, implement it effectively, carry out change management, and realize a quick, consistent ROI.