We are thrilled to #RethinkRebuild as sponsors of @EcoVadis Sustain 2021. Join us to hear the trends and best practices that will shape the #sustainableprocurement and #supplychain industry in the upcoming year. Sign Up: https://ecovad.is/3rIBYej
How to Reduce Workload & Shorten Onboarding Time for Procurement teams and Their Suppliers
by April Harrison
Buyers and Suppliers have a common goal: to transact. Often standing in their way is an intensive administrative workload to provide and maintain critical business information.
The traditional process of validation & qualification is slow and cumbersome for both purchasing teams and suppliers.
Suppliers must submit their information to each buyer in different formats. Buyers must review supplier information and ratings to meet compliance regulations. These highly manual and repetitive steps result in long lead times to their first transaction.
Trust Your Supplier frees both buyers and suppliers from redundant administrative work with a seamless exchange of information, increased visibility, and embedded third-party risk management. In this short video, hear how TYS works for Glaxo-Smith-Kline managing their supplier relationships.
Reduce supplier effort to share information with customers
With TYS, suppliers can update once, share with many.
Reduce procurement team effort to collect and validate supplier information Procurement teams automatically receive updated and accurate supplier information along with market, media, and other external commentaries to constantly monitor news regarding suppliers.
In this video, Lenovo’s COO, Renee Ure, describes how TYS streamlines onboarding. This simplified process gives time back to your team, so they can focus on their core competencies and shortens the runway to the first transaction.
Learn more at www.TrustYourSupplier.com