Tag "supplier onboarding"

5 Ways to Improve Your Supplier Onboarding

Today, your suppliers are seen as a source of know-how and innovation leading towards a new way of collaborating and interacting with. Effectively managing suppliers, supplier relationships and their information is of growing strategic importance and value. If your organization has a strong supplier relationship management (SRM), collaboration and engagement, you will benefit of a... more

How Much is Poorly Managed Supplier Information Costing Your Business?

“Inaccurate, inconsistent and disconnected supplier information prohibits us from doing accurate supplier spend analysis, leveraging discounts, comparing and choosing the best prices, and enforcing corporate standards.” This is quotation from a manufacturing company executive. It illustrates the negative impact that poorly managed supplier information can have on a company’s ability to cut costs and achieve revenue targets. Many supply... more