Removing Friction from the Supplier Lifecycle for Leading Organizations
The world of Supplier Management is ever evolving – and often driven by today’s regulatory environment. Many organizations are turning to Supplier Lifecycle Management providers in order to meet their daunting supplier management requirements. As such, successful Supplier Lifecycle Management solutions not only need the ability to adapt to change, but also leverage content and capabilities from alternative sources.
Supplier Onboarding
The reality is that the supplier onboarding and master data processes are never fully harmonized within a global organization, as business unit and local country requirements differ and are always changing. As such, most employ manual steps and local workarounds which always fall short of delivering operational value. HICX designed an enterprise workflow model, which accounts for the reality of corporate, as well as local/regional needs, while empowering rapid flexibility.
Compliance & Risk
Supplier compliance and risk management isn’t a one-time exercise. With the ever-growing list of supplier compliance requirements, ranging from tax and business registration to areas such as sustainability, fraud prevention, trade compliance, diversity and more, an automated approach that’s tailored to each supplier is essential.
Supplier Performance Management
Enable your suppliers to do their best work for you with a balanced approach to supplier performance management that’s based on accurate data. Combine survey-based input with performance data from your ERP and supply chain applications, and follow-up with improvement plans that your suppliers buy-in to.
