It is time for your company to analyze which suppliers it should keep working with. How do you do this analysis? Where do you get your information from? Do you have a broom closet full of dozens of files with monthly reports on each one of your suppliers?
What if, for any reason, you don’t have access to those files? Either you lost that information, or perhaps someone lost a document, or it got shredded by mistake. This could hurt your business.
Many companies still manage their supply chains manually: a lengthy, confusing and messy process that means spending a lot of time and resources gathering information. Supply Chain Managers deal with hundreds of scattered files, which leads to jumbled and outdated information.
Leveraging technological and digital tools to manage your supply chain can turn this situation around. If you have updated and organized well your information, you will gain a comprehensive perspective on all your suppliers. This will enable you to reach better strategic decisions for your company.
3 good reasons for a company to look for a comprehensive solution that helps them manage their supply chain:
Reduce tasks and gain efficiency
A digital platform enables you to reduce onboarding and data standardization time spam. It also gathers all the information you need on each one of your suppliers to evaluate them constantly.
Manage and control information in one place
Gathering information in one safe web-based place allows you to manage it in real time, keep it organized, homologated and accessible. It prevents important data from being lost or omitted.
Assess suppliers’ data for smarter decisions
Gathering key information on your suppliers can help you assess if working with a company can hurt your supply chain, and to identify which suppliers are better suited to work with you.
Investing in a tool that helps you have a comprehensive management of your supply chain means establishing better business relationships and maintaining a healthy supply chain.
If one of your goals for this year is making better and faster decisions while reducing risks at the same time, we have the perfect solution: Supplier 360.
Visit cialdnb.com and learn more about Supplier 360.
