Keep Your Vendor Portal Software Buzzing! Communication is key to the way bees communicate and beehives operate. Bees create their honeycomb dwellings for support, otherwise valuable honey would be lost. Each bee must complete their manual tasks all while communicating their progress to the rest of the hive. Similar to the importance of communication within a hive, [...]
Clean That Room Now! All across the board, businesses have problems with inaccurate supplier data. All around the world parents have problems with their children's dirty rooms. If you have children, I'm sure you've asked them at one time or another to clean their room. I bet that most of the time they don’t end up cleaning [...]
Every year (every couple of quarters, really) we poll the Procure-to-Pay (P2P) marketplace compiling feedback from end-users, analysts and experts in the field. We leverage the results from these surveys to deliver meaningful research back into the market. Earlier this year we leveraged client feedback and vendor file data for a "Supplier Data Quality Survey." [...]
Supplier Onboarding Takes Flight The Transportation Security Administration (TSA) has been in the news as of late for its insanely long lines and wait times. The agency that costs taxpayers $7.5 billion a year employs 40,000-plus screeners and 15,000-plus administrators to check documents and scan luggage in order to keep us safe. Contrary to what you [...]
So you're probably wondering - How is Vendor Master Data Management like a children's game? Do you remember playing the “Telephone” as a child? The message being passed along gets changed every time and by the time the last person receives the message, it has completely changed and everyone laughs at the last person who [...]
In this blog – the second part of the two-part series, Josh Morrison explores the Panorama Consulting report on the ERP market with specific attention paid to the impact of customization and data quality.
Complete and comprehensive Supplier Information Management (SIM) hinges on 4 major elements: Data, Controls, Functions and Analytics. These four elements define a complete and world-class Supplier Information Management solution that is absolutely crucial in the pursuit of transactional and operational excellence throughout your organization.
In this first part of a two-part series, Lavante Senior Consultant explores the Panorama Consulting report with respect to the timing and costs associated with ERP projects.
Learn where your organization is in the Three Pillars Maturity Model for vendor master data management. Think about what you can do to move yourself to the next level. You have everything to gain by optimizing your vendor master data management process. Read the article and share your thoughts.
Supplier Data management is the basis for efficient strategic sourcing and helps considerably with costs reducing initiatives. Quality supplier data enables organizations to manage and monitor their supplier records while improving and even optimizing supplier relationships.