Streamline supplier lifecycle processes with an all-inclusive solution that manages the entire supply base, adapting to evolving organizational requirements, from onboarding, reassessment to delisting.
Identify, monitor, and mitigate third-party vendor risks by evaluating suppliers based on their potential impact on the business objectives
Verify that the vendor meets specific predetermined criteria and standards before being approved as a qualified supplier
Collect , store, and manage supplier-related documents, such as contracts, certificates, and invoices, to ensure compliance and improve communication
Enable proactive screening of suppliers in real-time and facilitate continuous monitoring of suppliers for any changes in risk or compliance
Streamline supplier lifecycle processes with an all-inclusive solution that manages the entire supply base, adapting to evolving organizational requirements, from onboarding, reassessment to delisting.
Identify, monitor, and mitigate third-party vendor risks by evaluating suppliers based on their potential impact on the business objectives
Verify that the vendor meets specific predetermined criteria and standards before being approved as a qualified supplier
Collect , store, and manage supplier-related documents, such as contracts, certificates, and invoices, to ensure compliance and improve commaunication
Enable proactive screening of suppliers in real-time and facilitate continuous monitoring of suppliers for any changes in risk or compliance
Automate the process of supplier evaluation through a centralized platform for documentation and enabling collaboration between stakeholders digitally, resulting in quicker and more efficient supplier approval procedures with greater transparency and collaboration
Create customizable approval checklists that align with your enterprise’s specific supplier requirements and regulations to streamline and enhance the supplier approval process
Access a secure online supplier portal that allows suppliers to provide information, submit documentation, and communicate with buyers to build stronger supplier relationships
Determine, manage, and resolve instances of supplier non-compliance and maintain supplier’s adherence to regulatory and internal requirements
Quantify supplier performance by developing a risk-based vendor qualification process through configurable scores and ratings to gain insight into supplier capabilities
Automate the process of supplier evaluation through a centralized platform for documentation and enabling collaboration between stakeholders digitally, resulting in quicker and more efficient supplier approval procedures with greater transparency and collaboration
Create customizable approval checklists that align with your enterprise’s specific supplier requirements and regulations to streamline and enhance the supplier approval process
Access a secure online supplier portal that allows suppliers to provide information, submit documentation, and communicate with buyers to build stronger supplier relationships
Determine, manage, and resolve instances of supplier non-compliance and maintain supplier’s adherence to regulatory and internal requirements
Quantify supplier performance by developing a risk-based vendor qualification process through configurable scores and ratings to gain insight into supplier capabilities
Analyze a supplier’s ability to meet contractual obligations, quality standards, delivery schedules, and other performance indicators through a data-driven decision-making process to drive supplier development
Create customizable performance checklists by adding criteria such as on-time delivery, documentation, non-compliant form, material quality, etc.
Systematically evaluate supplier performance with customizable performance checklists to understand supplier strengths, weaknesses, and improvement opportunities
Decide the status of each vendor from the supplier performance decision to initiate requalification of suppliers, disqualify suppliers, or continue working with them
Compare and rank suppliers based on their performance through unique reporting to provide definable and relevant metrics leveraging optimized performance visibility
Analyze a supplier’s ability to meet contractual obligations, quality standards, delivery schedules, and other performance indicators through a data-driven decision-making process to drive supplier development
Create customizable performance checklists by adding criteria such as on-time delivery, documentation, non-compliant form, material quality, etc.
Systematically evaluate supplier performance with customizable performance checklists to understand supplier strengths, weaknesses, and improvement opportunities
Decide the status of each vendor from the supplier performance decision to initiate requalification of suppliers, disqualify suppliers, or continue working with them
Compare and rank suppliers based on their performance through unique reporting to provide definable and relevant metrics leveraging optimized performance visibility
Define the schedule and a set of standardized conditions for reassessing suppliers to estimate vendor risks and guaranteeing that the approval status is up-to-date in the supplier portal for ultimately boosting compliance and minimizing supplier risk exposure
Automatically reinitiate the process of supplier reevaluation based on supplier ratings, scores, and changes for important measures of supplier quality
Conduct a review of updated supplier responses
Authorize suppliers to upload updated documents for supplier document management and promote easy access to relevant documents for the reassessment process
Permit users to have a comprehensive overview of supplier-related data, KPIs, and metrics by utilizing customized filters, graphs, and analytical reports
Define the schedule and a set of standardized conditions for reassessing suppliers to estimate vendor risks and guaranteeing that the approval status is up-to-date in the supplier portal for ultimately boosting compliance and minimizing supplier risk exposure
Automatically reinitiate the process of supplier reevaluation based on supplier ratings, scores, and changes for important measures of supplier quality
Conduct a review of updated supplier responses
Authorize suppliers to upload updated documents for supplier document management and promote easy access to relevant documents for the reassessment process
Permit users to have a comprehensive overview of supplier-related data, KPIs, and metrics by utilizing customized filters, graphs, and analytical reports
Employ a strategic approach to manage interactions and relationships between a company and its suppliers, encompassing processes such as supplier selection, onboarding, performance monitoring, and collaboration to ensure that suppliers deliver maximum value to the company
Establish the legal compliance requirements of the vendor to ensure that the claims made by the suppliers are authenticated
Support supplier audits by providing easy access to supplier-related data, documents, and performance records to augment audit efficiency
Offer suppliers a one-stop solution to update their information and stay engaged in supplier approval and audit processes, specification, and complaint management for verifying their compliance
Generate automated reminders or notifications to be sent to stakeholders as real-time updates and alerts on supplier-related activities to enable timely response
Employ a strategic approach to manage interactions and relationships between a company and its suppliers, encompassing processes such as supplier selection, onboarding, performance monitoring, and collaboration to ensure that suppliers deliver maximum value to the company
Establish the legal compliance requirements of the vendor to ensure that the claims made by the suppliers are authenticated
Support supplier audits by providing easy access to supplier-related data, documents, and performance records to augment audit efficiency
Offer suppliers a one-stop solution to update their information and stay engaged in supplier approval and audit processes, specification, and complaint management for verifying their compliance
Generate automated reminders or notifications to be sent to stakeholders as real-time updates and alerts on supplier-related activities to enable timely response
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