Supplier Lifecycle Management
Successful supplier management in complicated environments for mutual success.
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.
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.
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.
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.
If HICX Is New to You Start Here
HICX is the #1 supplier management platform for innovative companies. HICX helps Global 5000 companies to take control of their supplier data and to deliver an exceptional supplier experience globally.
The Digital Supplier Management Journey at Mars
The digitalization journey for supplier lifecycle management at Mars is well underway and has unlocked a path to further new opportunities.
Your Suppliers are Key to You Staying Competitive on the Market
The events of 2020 showed the fragility, and the dependency large organizations have on their suppliers. During this time even the consumers became aware of the importance of well-organized supply chains.
In order to maintain a competitive edge, businesses must drive resilience and visibility across their supply chain – and having a strong digital strategy has been shown to be key to achieving this.
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