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.
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 [...]
As last year wrapped up we were fortunate to work with PayStream Advisors on research that they were doing to help further explore and define the Supplier Information Management (SIM) market. The document they have produced, "The Power of Supplier Information Management Technology" explores the complex requirements of managing supplier data. The paper serves as [...]