Supplier Management involves understanding and enhancing the overall relationship with a supplier. A supplier management system provides the necessary supplier master-data management and functionality to deliver this. However, in an environment with multiple supplier records or multiple systems & ledgers, it can be difficult getting just a single view of each supplier.
But that’s just the starting point. Supplier Management also involves understanding the contribution/impact of each supplier to your overall performance, not just in terms of spend volumes, but in terms of processing efficiency, compliance, risk and quality. By understanding a suppliers performance across a basket of metrics, targeted actions can be put in place to maximise the contribution of the supply base to the organisation and limit supplier risk.
The Etesius Supplier module supports these requirements by providing a single view of each supplier, an extensive range of analytics and functions to support collaboration & knowledge sharing through the organisation. The module provides actionable information to maintain control over the supply base, reduce operational risk and create real savings opportunities through better purchasing and finance processes.