Supplier Connectivity maintains effective communications with an organization’s network of suppliers in order to maximize order fulfillment operations. Complex technology environments and ongoing support requirements often make effective buyer and supplier communications difficult or impossible. Poorly managed supplier connectivity results in a host of challenges such as extended cycle times, material shortages, unplanned receipts, high inventory and transportation costs, vendor compliance issues, and difficulty reconciling invoices, just to name a few.
Without a comprehensive supplier connectivity solution, an organization may spend a disproportionate amount of time and resources managing supplier infrastructure instead of managing the strategic, higher-value activities of your organization. Comprehensive supplier connectivity processes, such as sourcing, procurement, and payment can help you maximize your spend management success so you can reach more supplier categories and geographies.
Process Value Management allows all members of the company’s ecosystem to converse similarly with the customer. The supplier community has visibility and transparency to all internal and external customer needs. By embedding the customer’s needs into the process from the beginning, supplier efficiency and effectiveness is achieved.