Supplier Data Management is a part of Master Data Management (MDM) and
is the base for effective strategic sourcing, inventory reduction and
cost reduction initiatives. This service helps organizations to manage
and monitor their supplier data by improving the quality of the data by
our cost effective services. This leverage yours buying power and reduce
costs.
Supplier Data Management process involves:
Supplier Data Enrichment
:
It is the process of
enhancing the suppliers Enterprise, Diverse and Federal data for the
effective master supplier database management.
Supplier Rationalization
:
Supplier rationalization
is the process of concentrating purchases with a small group of
suppliers to leverage in negotiating purchase prices and to reduce
risk.
Spend
Data Management
:
It is the processes of
analyzing spend for each supplier for various categories across
business units for supplier consolidation. Classification is also
done.
Supplier On-boarding Services
:
This is an on going
process, here new supplier is guided from online registration and
activation. This also involves the validation of legal, address and
product data to pre-qualify suppliers.
Benefits of Supplier Data Management:
Reduces
supplier risk with effective supplier monitoring
Increases supplier diversity
Supplier
performance evaluation
Reduced
turnaround time
Integration of internal information with purchasing systems