Do you have an up-to-date and accurate overview of all your suppliers’ data and performance at all times? And do you know how your suppliers are performing compared to other suppliers? You should never underestimate the importance of good Supplier Relationship Management (SRM). A professional SRM process will ensure the optimal mix of price, quality, cooperation, delivery time and delivery reliability when it comes to your suppliers.
Why Supplier Relationship Management is so important
The best Supplier Relationship Management process for you
Suppliers who perform better contribute directly to your organisation’s competitiveness and market position. And they can help you save costs. Effective supplier management means that you have insight into all supplier information you collect in each phase of the supplier lifecycle: onboarding, qualification, contract management, supplier assessment, classification, risk management and offboarding. If these details are all in order, you will also reap the benefits in connected processes, such as supplier selection, the ordering process and the handling of invoices.
A best-in-class Supplier Relationship Management process brings together all relevant information about your suppliers in a well-organised way. The assessment of supplier performance is often fragmented, making it difficult to document it properly and measure it objectively. That’s why working with KPIs is important to measure performance against set criteria. By identifying and discussing risks in a timely manner, you maintain full control over compliance with contract agreements.
You need expertise,
we have the experts
Whether you’re already well on your way or have only just started your digital transformation journey, we can fully support you at every stage, regardless of the technology you’re currently using. We design, implement and digitalise your Supplier Relationship Management process, making sure that it works, and we’ll stay involved to make sure it keeps working.
Knowing the field like the back of our hand, we can tell you which technologies are on the market and which solution would best suit your needs.
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