Efficient Vendor Management is a Critical Business Function
The performance of your vendor partners directly affects your company’s competitiveness, operating efficiency and cost structures—especially with increasing globalization and outsourcing.
A step further, an effective supplier or vendor management system should help you analyze the number of suppliers, outsourced functions, and increasing amount of unsynchronized data compromises your organization’s daily efficiency, productivity, and increases risk. Effective supplier management (SIM) is no longer an organizational luxury. It is a necessity. The only vendor management process that works is the one that all stakeholders can buy into and accept as part of their analysis.
Are you faced with these vendor or supplier management challenges?
- Difficulty finding, updating and maintaining supplier information
- Obtaining supplier related documents is cumbersome and time consuming
- Performing annual supplier questionnaires (IT, risk, and general) is difficult and tedious
What is Vendor Management? What is Supplier Management?
Solve Vendor Management Challenges with EC Sourcing Group’s Software
We have intimate knowledge of the vendor and supplier management function and proven tools that are easy to implement. In addition, we recognize that your needs may be unique and therefore we allow each customer to configure their supplier database and data requirements with different fields that your suppliers are required to populate.
The ability to personalize and configure vendor management software ensures that you collect the data you need in the manner that is best for your end goal. Our eSourcing tools and solutions can organize all your supplier information into a single comprehensive database that is easy for those involved to see.
Our Supplier Management Solutions help you:
- Assess vendor capabilities, financial solvency, product/service quality and pricing
- Organize standard information into a single comprehensive system that provides easy access, review and retrieval
- All supplier information and related signed documents are retrieved in a structured, yet flexible questionnaire-like manner that allows for easy access
- Ensure that all supplier-related documents and periodic questionnaires (IT, risk, and general) are received on time and in the desired format
- Keep track of questionnaire due dates and document expiration dates. Our web-based application sends proactive notification to suppliers to ensure timeframes are met.
- Automate and simplify supplier on-boarding—making it easier to establish an initial relationship for both parties
- Simplify the process for sellers who wish to promote value-added services and propose alternative ways to lower your costs – while also making it possible for them to get their foot in the door with your company.
- Facilitate communications ensuring a fair/consistent process
- Is linked to all other FlexRFP™ solutions to maximize efficiency—for example when adding suppliers to a sourcing event, you are able to search all supplier information fields that you create.
For more information on supplier and vendor management service offerings, contact EC Sourcing Group today by calling (973) 936-9672, option 1.
I’ve used at least 4 systems for on-line e-sourcing / e-auctions, and I can say that FlexRFP is easier to use and less intimidating than other systems. The instructions alone for some of the other systems were cumbersome and intimidating, and that added to the stress of the actual bid process. Compared to the 3 other systems I’ve had to use, yours was certainly the most user-friendly. FlexRFP made me feel comfortable quickly, and I never felt like I “must be doing something wrong” as you might with other systems. You can use the above quote along with my name, because I sincerely feel that you have a user friendly product.
Your software is great! I have been involved in many of these (e-Sourcing negotiations) and in fact just finished one last week for Schering Plough. Your software is much less complicated and more user-friendly than any of the other ones I have used.
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Schedule a demo to see how easy managing supplier information and data can be!