Supplier connectivity emphasizes 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 nearly impossible. Poorly-managed supplier connectivity results in a host of challenges and hurdles. Such problems may include extended cycle times, material shortages, unplanned receipts, high inventory and transportation costs, vendor compliance issues, and difficulty reconciling invoices.
Without a comprehensive supplier connectivity solution, an organization may spend a disproportionate amount of time and resources managing supplier infrastructure rather than managing the strategic, higher-value activities of an organization. Supplier connectivity processes, such as sourcing, procurement, and payment can help you maximize your spend management success so your company can reach more supplier categories and locations.
Thomas Group's Process Value ManagementTM methodology allows all members of a company’s network to cohesively address the customer base. The supplier community must have visibility and transparency to fulfill all internal and external customer needs. By embedding the customers' needs into the process from the beginning, your company can achieve optimal supplier efficiency and effectiveness.