Creating an effective and efficient supplier relationship management program is critical to getting products – that both you and your customers can trust – to market faster. But with supplier information stored in multiple databases and applications across various business units, teams and regions; inefficient data management processes, blind spots about supplier performance and missed opportunities often occur.
Stibo Systems Supplier Master Data Management (Supplier MDM) delivers a transparent 360° view of suppliers by creating a single, trustworthy view of your suppliers and their products that results in greater savings, efficiencies, risk mitigation and transparency across the end-to-end supply chain. Supplier MDM enables procurement teams to consolidate, cleanse, enrich and deduplicate supplier accounts while providing global and local governance to maintain integrity.
Supplier MDM fully supports the supplier onboarding process from initial registration, supplier evaluation, qualification and approval. Suppliers can also upload data about their products and services, as well as maintain key supplier information, all from a single, easy-to-use supplier self-service interface.