As global business continues to evolve, characterized by shorter product lifecycles, more demanding customers and consumers, increasing demand and supply and continuous cost pressures, supplier lifecycle management in the supply chain has become more critical than ever before.
Supplier Lifecycle Management (SLM) is the key to meeting these challenges and creating a transparent and consistent supply chain relationship. The concept behind SLM is to help companies identify the right supplier and find better value, while reducing both costs and risks by focusing on quality throughout the process, resulting in a true competitive advantage.
The Solution – SoftExpert SLM
SoftExpert SLM provides tools for an organization to manage suppliers throughout the lifecycle of a relationship. It provides a 360° view of the supply chain, allowing relationships to be tracked from initially discovering and qualifying a supplier to performance management, ongoing maintenance and supplier rationalization.
The solution allows companies to define web portals and configurable forms where suppliers can enter required information on their own, such as products and services, licensing, certifications, financial data, health and safety experience, project history, and personnel qualifications. SoftExpert SLM also helps to identify key suppliers for auditing based on their risk scores and makes it easier to conduct compliance assessments and surveys based on internal policies, laws, regulations, standards and other compliance requirements.
Supplier Lifecycle Management – SLM
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Supplier Onboarding and Qualification
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Contract Lifecycle Management
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Purchase Order Request
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Invoice to Pay
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Quality Inspection
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Nonconformance
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Risk Assessment
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Performance Management
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Supplier Information Management
Main Benefits
Quickly identifies, evaluates and qualifies new suppliers.
Reduces the time, effort and paper used to create, manage and monitor contracts.
Manages supplier risk to streamline how you deal with suppliers across the enterprise.
Increases visibility of compliance for both regulatory and contractual obligations.
Improves your suppliers’ quality and delivery performance.
Ensures precise control of expenses with suppliers.
Reduces time and costs in performing compliance activities and controls.
Facilitates supplier compliance with your corporate standards.
Streamlines the supplier data management process.
Safeguards brand, reputation and business continuity.
Resources
Features
Process
Friendly end user tool for process modeling and automation.
Form
Fast design of electronic forms integrated into processes and data sources.
Ishikawa
Robust cause analysis through automated Ishikawa and other quality tools.
Risk
Streamlined risk and compliance assessment providing holistic views of the supply chain.
Action
Corrective actions to get underperforming suppliers on the right track.
Supplier Tracking
Real-time supplier monitoring through personalized dashboards and scorecards.
Know some success stories
Featured Resources
White Paper
Using an ERM Assessment Process to understand vendor risks
Read this article to learn how to identify and asses vendor risks from an ERM perspective, avoiding surprises and helping the organization to achieve its goals.
White Paper
How to control externally provided processes, products and services
How to select and manage external providers (processes, products and services) taking into account performance and risk-based thinking.