Discovering Suppliers
Did you know that on average, it takes three months to complete a single supplier search, with a sourcing professional logging more than 40 hours of work—and yet able to consider only a few dozen suppliers from a total population of thousands?*
Key Challenge
Solution
Outcome
- Lack of standardized process
- Inaccessible supplier information
- Security concerns in existing search methods
- Inaccurate contact information
- Time-intensive identification and vetting process
- Access TYS's global marketplace with over 400 million suppliers (filter by industry product codes, country)
- Utilize the wizard-driven invite process for consistency
- Utilize the blockchain network of suppliers with pre-populated firmographics/risk
- Track supplier lifecycle with a comprehensive audit history
- Rely on verified and accurate contact details
- Establish a standardized process for supplier discovery
- Maintain a detailed relationship history with suppliers
- Ensure secure and trusted supplier prospecting
- Centralize supplier management in one location
