Vendor Management

Vendor Management Issues and Challenges

Procuring goods from international suppliers is filled with complexities that include various time zones, cultures, distance, languages and government regulations. Most companies also have diverse supplier bases with everything from large, sophisticated organizations to small, specialty shops. Additionally, given the prevalence of outsourcing in many sectors, and continual re-evaluation of sourcing options, managing the supplier base can be a moving target. Many companies struggle with effective vendor management because they have not been able to consistently collaborate with suppliers, manage supply risk and fully monitor vendor performance.

How Amber Road Can Help
Amber Road’s Vendor Management solution helps companies extend purchasing and compliance processes to their inbound trading partners. Global organizations can better manage all facets of the purchase order (PO) process with their partners, including order acceptance, capacity planning, document generation and performance measurement. By collaborating with international suppliers, companies can shorten cycle times, improve service levels, lower supply chain execution costs, and better support global compliance initiatives.

Features	Benefits
Capacity Planning	▪	View all production milestones with updates directly from the supplier
	▪	Gain visibility to potential capacity issues affecting production
Purchase Order Management	▪	Create compliant POs by adding products stored in the Global Product Master (GPM)
	▪	Confirm that orders can be filled and pre-filing requirements met
Reporting and Dashboards	▪	Highlight supplier performance based on key performance indicators and monitor throughout the PO process
	▪	Maintain an audit trail for all purchase order changes
	▪	Update work-in-progress reports for visibility into the production status for every order type
Supplier Onboarding	▪	Electronically share documents with suppliers
	▪	Confirm document acknowledgements and digital signatures with suppliers
	▪	Fully test connectivity to complete the on-boarding process
Supplier Solicitation	▪	Configure desired questionnaire based on comprehensive repository of supplier questions and answers
	▪	Search and query the database of answers to find suppliers meeting certain criteria

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