Comprehensive Supplier Intelligence and Risk Management
With so much information about all your suppliers, how do you identify a group of select suppliers for a new sourcing wave? How do you proactively manage supplier risk? How do you reduce exposure to global business risk and liability? It’s a combination of capabilities, credentials, commercials and experience that determine whether a supplier is right for your business. You need a supplier intelligence system that lets you find the right suppliers, based on the criteria that are important to you.
And, how would you ascertain that your supplier of choice doesn’t add to your risk score? GEP has partnered with Global Risk Management Solutions (GRMS), that specializes in obtaining and analyzing the specific data needed to assess supplier risk — data that most companies would struggle to obtain on their own. Together, we provide leading global enterprises with innovative supplier risk assessment programs to mitigate and continuously monitor risk for U.S.-based and internationally located suppliers.
GEP SMART also makes supplier segmentation quick and easy. Of course you can assign status flags to your suppliers. Preferred, qualified, blacklisted – whatever you want them to be. But you might have more complex requirements beyond that. Let’s say you want to find a group of suppliers who can provide a particular service, in a specific country, and who have a strong rating for environmental protection. GEP SMART’s intelligent search capabilities let you find and select suppliers according to any datum, right down to a single answer provided in a questionnaire in the past.
GEP SMART gives you complete access to all the information you need to shortlist suppliers based on your business’s unique requirements. And all this with just a few clicks or taps. Identifying the right suppliers was never this easy.
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.