Supplier Management
Centralize supplier data: Optimize selection, increase operational efficiency and avoid non-compliance within the supply chain.
Gain competitive edge with intelligent supplier insights
From centralizing supplier information and automating onboarding to tracking performance metrics, Supplier Management helps foster collaboration, mitigate risk, and optimize sourcing strategies.
How Supplier Management can help you
-
Reduce supplier management costs by >65%
-
Gain enterprise-wide transparency to supplier activities including documents, event history and contacts through centralized secure administration of supplier profiles
-
Empower suppliers to maintain up-to-date profile information
-
Speed up assessment, qualification and on-boarding of new suppliers
-
Obtain visibility of economic data
-
Increase speed of decision making
Simplify vendor management and supplier performance tracking
Key features & capabilities
Supplier onboarding
Supplier self-registration with total buyer control and approval to ensure quick and easy onboarding and qualification.
Performance evaluation
Track and evaluate supplier performance based on metrics such as quality, delivery times, pricing accuracy, and adherence to service level agreements.
Supplier autonomy
Invite suppliers to register through the supplier portal to maintain their own data, accreditations, and certifications.
360 Visibility
Centralized data and processes that provide comprehensive insights across the entire supplier lifecycle.
Risk mitigation & compliance
Reduce the risk of non-compliance by ensuring supplier information is current and automatically updated and flagged in the event of noncompliance.
Seamless integration
Operational integration with ERP systems and master data tools to ensure automated data flow and compliance across multiple databases.
Supplier Management in action
Continuous evaluation
Ongoing tracking and identification of any change in supplier profiles and scoring will give you time to evaluate the potential impact on your business and plan how to mitigate the associated risk.
The more knowledge you gain about your suppliers, the more competent you will be when it’s time to select the right ones for further negotiation on terms and price.
Easy visibility and reporting
Easily access, report on and interrogate all supplier data and documents from one central repository, with configurable dashboards and numerous supplier segmentation options.
Pre-configured dashboards provide useful analytics, and the powerful search and filter functionality allows you to easily generate the analytics you need.
Compliance through automation
Reduce the risk of non-compliance within the supply chain by ensuring supplier information is automatically updated and flagged in the event of noncompliance.
Suppliers will automatically be prompted by email to upload a new document 30 days before it’s expiry date, ensuring compliance at all times.
Additional learning
Webinars
View our on-demand webinar, which delivers insights from Scanmarket and industry experts:
The Future of Procurement: Treating Suppliers as Partners, Not Just Cost
Supply Chain Visibility: The Key To Robust Cyber Security
Cyber security has become an increasingly high profile issue...
How to Mitigate Third-Party Risk in Your Supply Chain
Third-party suppliers can make or break your supply chain...
The Four Types of Risk Management
In many ways, risk is the cost of doing business. Risk is incurred through...
Don't take our word for it
Choosing Scanmarket by Unit4: A best-of-breed solution
Read the latest SoftwareReviews Comparison Report to understand why Scanmarket by Unit4 is the right solution for you.
Using data sourced from SoftwareReview’s 2024 Strategic Sourcing reports, this report provides a comprehensive insight into the customer experience when using Scanmarket by Unit 4 software. Whilst comparing the buyer experience against key players in the market, it also provides a variety of metrics to assist you in choosing the software that best matches your organizations goals.
Frequently asked questions
What is the most efficient way of securing compliance?
Automate maintenance of supplier certifications, documentation, and scoring by transferring the responsibility for updates and verifications to your suppliers.
Monitor compliance with full visibility of supplier activity including contracts, event history, contact information, certificates, files, communications, and more. With Supplier Management software, all supplier data is readily available with reports, notifications, and flag alerts for non-compliance issues.
You no longer have to chase suppliers for data updates. Suppliers simply log in to update their information and certificates directly under their profile and receive automated expiry reminders.
Which tools do you integrate with?
Integrate with enterprise resource planning (ERP) tools and other master supplier data to include all relevant information about goods and services being sourced.
Customize integrations with seamless data flow for solutions such as ERP, DocuSign, P2P, eSourcing, Contract Management, Risk Management, and more.
How does automated supplier onboarding work?
Provide a link on your company website for interested suppliers to register on your database, or issue a link via email. Supplier Management software verifies email addresses for security purposes and confirms the completion of required registration questionnaires.
Automated notifications let the relevant users know once a new supplier has registered. Review new suppliers and accept or reject them based on scoring thresholds, transferring them automatically to the supplier database.
The automated onboarding process saves time and requires fewer people in the initial screening, and offers a standardized approach toward all suppliers.
How can I improve my tender workload?
Reduce tender workload by up to 80% with supplier score tracking to gain visibility of all supplier information. Customize your supplier surveys with scorecards, KPIs, and more to compare suppliers from a 360° view.
Supplier Management software provides transparency for all buyers using the same supplier and enables proactive supplier management.
Which type of support do you provide?
We provide 24/5 Quick Call support for your internal users and suppliers.
Quick Call support is not like your typical support desk. With Scanmarket, you have direct access to our global team of expert source-to-contract consultants who can resolve your issues rapidly. We often hear from our customers that Scanmarket's Quick Call support is the best in the industry.
Quick Call support is available to customers, suppliers, and other stakeholders. 85% of Quick Calls are answered in less than a minute, and 95% are answered within five minutes.
