Organizations are realizing that in order to gain control of their supplier information management and increase supplier data quality, they must turn to technology. A dedicated SIM solution retrieves, organizes, and manages supplier information while maximizing supplier engagement and data quality across a global supplier base while at the same time, ensuring minimum risk and high efficiency.
The alternative to using an ERP for supplier information management lies in the implementation of a multi-mode, cloud-based SIM platform. Lavante SIM simplifies the process into one single point of communication between buyers and suppliers, bringing full control of and visibility into supplier data while facilitating easier, automated supplier information collection. The results of using such a platform are reduced costs, lower risks, greater controls, more complete supplier data, and stronger supplier relationships. Lavante SIM offers a dynamic set of features and tools that can be configured to an organization’s specific business structure.