“In very real sense, there are only two roles in organizations: customers and suppliers. Everybody functions simultaneously in both roles, whether inside or outside the organization the essence of good business, therefore, if the quality of the relationship between customer and supplier.” – Stephen R. Covey
It is no secret that suppliers are often a core differentiator in competition.
The ability to find new suppliers for specific needs, properly onboard them, and develop these partnerships is an ongoing effort. Unfortunately, the traditional views of supplier management, and the support systems, do not always serve the greater need.
Often ERP systems are set up to only handle a portion of necessary supplier information, such as a “remit to” address. In most cases, supplier data is fragmented across the organization, due to multiple ERP systems, multiple point solutions (e.g., Invoicing, Scorecarding), and even contained in emails, Word documents, and Excel spreadsheets.
There are some good Supplier Management solutions in the market. They are capable of collecting information and documentation for accounts payable; They integrate third-party information; and, They provide their best ability for a “single source of truth”, or 360° view. Our customers, however, need more, as they need to understand supplier relationships as they relate to specific parts (and/or materials) being supplied for production.
ASTRAS offers full Supplier Information Management to help you efficiently onboard suppliers (whether new, or a new engagement), maintain accurate and timely supplier data, improve compliance, and ensure auditability of the entire supplier relationship.
WHAT YOU GET
WHY IT MATTERS
Dynamic Data Structure
So that you can decide what information you want to collect, and how you want to collect it, without needing IT involvement.
So that you can manage information and processes by region, part/material, status, and more.
So that you can set strategies, based on commodity, organization and region, that dictate the management of your suppliers under scope.
So that you can ensure all necessary documentation (NDAs, Contracts, Development Data, and more) are easy to access and up-to-date.
So that you can have a systematic method for engaging with suppliers.
So that your stakeholders can easily access all necessary information in one place, whether master data, risk assessments, corrective action plans, scorecards, or other.
So that you can both incorporate any internal data (e.g., ERP performance data, spend data, etc.) or third-party information (e.g., judgements/liens, negative news, etc.), as well as syndicate necessary data to internal systems (e.g., post award setup).
"Within Direct Procurement, we're able to manage our entire process, not just unlinked subprocesses"