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What suppliers can do to improve their relationship with you?
Key ways to ensure great supplier collaboration?
say “Regular, open channels of communication”
81%
Source: Sharedserviceslink Survey
55% say that only 20% or less of their vendor master data is incorrect but long tail can still have a significant impact
Source: Sharedserviceslink Survey
What impact has inaccurate supplier information had on your organization?
Source: Sharedserviceslink Survey
“SIM”
• Consolidating
• x-Functional, x-referenced
• External
• Unstructured
• Predictive / Intelligent
• Real-time
• Indexed / Self-Service
• Process-driving
• Knowledge/Intelligence
Supplier information is not what it used to be
Traditional Vendor Master
• Fragmented
• Siloed
• Internal
• Structured
• Historical
• Batch Mgmt
• Replicated
• Process-driven
• Data -> Info
Source: The Hackett Group
“SIM 2.0”
Tying information into knowledge, intelligence and
analytics
Leading companies are evolving SIM capabilities
“SIM 1.0”
Organizing and managing all key supplier information
more efficiently and effectively.
• A/P and Proc. Ops biased
• Data governance
• Data integration
• Data quality for spend analysis
• “Virtual Supplier Master”
• Starts earlier in lifecycle (e.g.,pre-registration via supplier portal)
• Focus on hosted supplier self-service
• Inclusion of document-based and/or external content
• SIM application vendors: “SIM Platform”
• Increasing level of bi-directional
• MDM integration
• Workflows driven by custom supplier attributes and other rules (process, regulatory) to support:
• Supplier Perf. Measurement
• Regulatory Compliance
• Supply Risk Management
• Intelligence from “Supplier Network”
• Integrating supplier data to analytics (e.g., supply base segmentation analysis)
Vendor Master File
Focused primarily on ERP/
e-Procurement fields needed to
place POs, pay invoices, and
analyze spend
Source: The Hackett Group
All your suppliers. All in one place Simplify your supplier interactions with a platform built for
business-to-business collaboration.
Tradeshift is a supplier collaboration platform that connects buyers, suppliers, and all their processes in one global network.
We help businesses transform the way they work with suppliers today – and adapt to whatever the future brings.
All Your SuppliersOnboard fast & collaborate in real time with your entire
network.
Powerful PlatformRespond to your growing
business needs with apps on our flexible, open platform.
Direct + IndirectManage more of your spend
(including services) than ever before.