Managing suppliers 'doesn't have to be painful. RAPid Supplier Information Management has been built to:
The intuitive self-service portal allows suppliers to input their own background information and holds them responsible for maintaining the quality and accuracy of data. Compliance requirements are also completed by the supplier, as they can upload their own accreditations, certifications and product/service catalogues. SIM makes is easier than ever for category managers to access up-to-date supplier information and identify any gaps in provision before they impact the business.
360° visibility into your supply base enables procurement teams to make decisions faster, optimise investments, manage risk and compliance as well as improve your negotiating position. With better insight into your suppliers, you can perform more advanced analysis than standard reporting allows and give procurement teams confidence in the decisions they make.
From onboarding a new supplier to monitoring performance and assessing risk; SIM records the full history of supplier engagement. Automating these processes, instead of relying on manual effort, increases profitability, efficiency and productivity. SIM enables procurement teams to focus on strengthening relationships rather than chasing paperwork.
"This has transformed our onboarding processes, now I can be confident that we’re only contracting with vendors that meet our ethical standards, legal requirements and responsibility to our customers."
The cost and risk of selecting poorly vetted suppliers can be greatly reduced by improving your onboarding process. Discover the new procurement technologies that are supporting enterprises to streamline their processes and protect their revenues.