With a large and increasingly global supply base, and supplier data scattered across disparate systems, companies are often overwhelmed with the management of supplier information and applying this information to actionable supplier strategies. The result is that higher-value propositions, such as supplier risk management and supplier development, become much more difficult and time consuming and, as a result, are often incomplete.
When your organization has an accurate source of supplier data and intelligence, you deliver greater supplier performance and value across the organization.
Emptoris Supplier Lifecycle Management is a comprehensive solution for your end-to-end supplier management needs. The solution enables complete transparency to all aspects of your relationships with your suppliers to address 100% of your supply-base. Emptoris Supplier Lifecycle Management delivers immediate impact to your business:
- Enforce Compliance – Proactively manage all your suppliers to ensure compliance to corporate standards, policies and regulatory requirements.
- Mitigate Supplier Risks – View and manage risk holistically across the organization to ensure the total impact of a supplier failure or disruption is understood and corrective plans are in place.
- Strengthen Supplier Relationships – Reduce supplier management costs by consolidating supplier relationships, allowing you to focus spend and development on strategic suppliers.
- Create Synergy with Business Units – Ensure synergies across lines of business by providing transparency to preferred supplier relationships and recommending stronger performing regional suppliers to other business units.
- Supply Chain Assurance – Gain supply security with global supplier visibility, by avoiding supply disruptions and minimizing the impact of disruptive events.
- Drive Supplier Development – Develop a high-performing and collaborative supply-base to improve operational performance and competitive differentiation.
- Encourage Supplier Innovation – Maximize the innovation from your suppliers by inviting them to share their ideas, capabilities and plans.
The Market’s Most Comprehensive End-to-End Solution for Supplier Lifecycle Management
Emptoris offers the market’s most comprehensive end-to-end solution for Supplier Lifecycle Management, a single solution that manages all supplier-related business processes. The solution will help your organization identify its critical suppliers—and focus limited resources to create robust programs for performance and risk management.
The Emptoris Supplier Lifecycle Management solution consists of five modules:
- Supplier Qualification – Actively manage suppliers with a complete solution for supplier on-boarding, supplier information management and supplier analysis and benchmarking.
- Supplier Classification – Define and analyze the nature (e.g. preferred, alternate, phase-out, unapproved) of your relationships with suppliers at both the organization and category level.
- Supplier Evaluation – Proactively evaluate suppliers with a comprehensive and flexible solution to support your entire supplier performance management process.
- Supplier Risk – Mitigate supplier risk on your own terms with risk definition and modeling capabilities that delivers the knowledge you need to proactively manage risk scenarios.
- Supplier Development – Define and manage remediation programs to bring your suppliers to expected levels of compliance and performance with a tight integration between the Supplier Development and Supplier Qualification, Supplier Evaluation and Supplier Risk capabilities and processes.
Discover How Emptoris Supplier Lifecycle Management Improves Supplier Performance
To learn more about how Emptoris can help you create stronger supplier relationships, reduce supplier risks and boost innovation, call 1-855-391-2561—or