Supplier Market Intelligence for Sourcing
Often, RFXs contain standard questions for suppliers that they have to answer again, even if they have done business with you in the past. This not only inconveniences your suppliers, but also increases the workload on your sourcing team as it has to check and recheck the same information from the same suppliers, multiple times.
But with GEP SMART's sourcing software solutions, you have a new way of doing things. By separating the steps of supplier registration and RFP, you can ensure that the sourcing part of the process remains focused, targeted and easy to manage, while still ensuring that new suppliers are correctly assessed, categorized and validated.
When selecting suppliers for inclusion in a sourcing event, you can search and analyze the supplier database at any time, right up to the point where you add the suppliers to the RFX. You can even add suppliers with whom you have never done business in the past to your RFX. GEP SMART will onboard new suppliers through your predefined supplier registration, enrolment and categorization process, before it opens up the RFX for them. Meanwhile, you can invite existing suppliers at the same time, but take them straight to the RFX.
GET UP-TO-DATE, ACCURATE AND RELIABLE SUPPLIER INFORMATION WITH GEP SMART SUPPLIER MDM
GEP SMART integrates seamlessly with existing enterprise systems — ERPs, SRMs or sourcing tools — to create new supplier records and update transactions. Supplier master data is validated and cleansed automatically while loading.
GEP SMART ’s Supplier Master Data Management tool automatically aggregates, cleans and normalizes supplier data records. It then compares the supplier master data to GEP SMART s Vendor Master for verification and quality assurance.
Supplier MDM processes data in batch and real-time cadences. Real-time services execute at point of entry, record creation and updates. Batch services execute against existing supplier records during migration and initial integration.
Review actions taken by the Supplier MDM tool ensure enterprises have a single, trusted source of truth for all supplier data. Users can centrally govern master data using configurable business rules, enabled processes and workflows.
GEP SMART ’s vendor master acts as a trustworthy primary source for the master data records of every supplier in the enterprise. This ensures that the supplier risk and performance modules are consistently stocked with accurate vendor data.
Supplier MDM removes, duplicates and enriches records with verified updates, ensuring accurate and up-to-date data. It also provides holistic visibility into supplier history and performance across operating units, time, and geography.