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 [...]
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.
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.
Supplier Data Quality is critical to the success and health of your organization. Truly, supplier data is the foundation of your entire P2P effort and the foundation of the entire P2P ecosystem. Read the article and give us your opinion.
Successful Supplier Onboarding - an important element in your P2P automation. Supplier Onboarding service and software providers frequently discuss their cutting-edge supplier onboarding tools to gather information from suppliers, but all of the expensive deployments can be in vain if your vendors fail to jump on board with the new process. In other words, the success [...]
Your Supplier Database contains the data that is the foundation of most of you day-to-day purchasing decisions. Regular scrubbing is not only a best practice for you and your team, but it is a necessary process if you hope to optimize your core enterprise functions. There’s plenty of room for improvements in this field. Without [...]
Bad supplier data can be at the root of many finances and accounts payable challenges. And there are many ways vendor data can be processed that cause duplicate vendor files to be set up. Consider the various ways that an enterprise can construct the name of their supplier in their ERP system. The screenshot below [...]
Great story from the Lavante newsroom today! We announced the development and deployment of our Mid-Market SIM offering for general availability. This is no small feat for our team as we have, to this point, invested so heavily into building a powerful enterprise application. The new product is in production at several mid-market companies now [...]
2015 has been a dynamic year of growth for Lavante! We have been fortunate to see a lot of progress on many different fronts. Today we have posted a press release reflecting our successes over the last twelve months as well as a "Year in Review" document (at right) recounting a month by month walk though [...]