Supplier 360: Supplier Relationship Management (SRM)
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Overview
This master-data fueled application lets supply chain, sourcing, and buying teams streamline their vendor and supplier information management based on one single, trusted source of business-critical data for analytics and operations.
Cut costs with a Supplier 360 view
Reduce business overhead and manual work for managing your supplier information. The Supplier 360 view helps you understand the total supplier relationship across your business, including subsidiaries and sub-suppliers as well as the aggregate spend. Use this insight to cut costs by negotiating better pricing and payment terms.
Accelerate time to market
Speed up the process of identifying or onboarding the right suppliers in the right location to source the right product or services. A process-driven workflow streamlines the procedure of qualifying and approving new vendors—which can help accelerate new product introductions or project launches—and even rejecting a supplier for issues such as non-compliance.
Assess performance and compliance
Assess, monitor, and analyze your suppliers’ performance, compliance, and risk. Gain a next-gen Supplier 360 view with configurable dashboards. Get alerts about expiring certificates or any updates or changes to your suppliers’ information.
Fuel other applications
Fuel your applications with great supplier data. Say goodbye to manually reconciling fragmented and inconsistent supplier data across supply chain application silos. Strategically manage supplier information in a central location on an ongoing basis. Then fuel supply chain and analytical applications with clean, consistent, and connected supplier information.
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Key Features
Supplier self-service
Allow new suppliers to register through the portal and ensure they provide required information
Supplier onboarding
Easily access and verify relevant information and documents provided by the supplier in order to qualify them for onboarding
Supplier information management, validation, & enrichment
Centrally manage information and validate and enrich e-mail, address, and phone number using Informatica’s Data-as-a-Service to update missing business-critical information
Supplier relationship management
Improve supplier collaboration and negotiate better pricing with a view of your total supplier relationship, including parent companies, subsidiaries or sub-suppliers, and hierarchies
MDM – Product 360 integration
Allow vendors to upload new product catalogues and leverage the integrated Informatica MDM – Product 360 to ensure suppliers’ most current and complete product information
Supplier risk & compliance management
Understand who your suppliers’ suppliers are and where services, products, and raw materials are sourced from. Configure alerts for business-critical data, updates, or expiring certificates
Supplier analysis & performance management
Analyze your suppliers’ performance and monitor locations, products supplied, delivery time, invoice status, or onboarding duration
Fuel other business applications
Use the clean, consistent and connected supplier information to fuel other business applications, such as ERP, quotation, invoicing, or Product Information Management (PIM) systems
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