There are many ways organisations can help to make themselves more resilient – both to mitigate problems as well as bounce back faster from unavoidable challenges. Knowing precisely who and where your suppliers are is an essential first step. 

But procurement has long had to make do with outdated, unsuitable and unsustainable means of keeping records on suppliers. Outdated methods, such as Excel spreadsheets and home-grown systems, prevent access to ‘live’ supply chain data. Decentralised, complex supply chains, which can be either domestic or international, or a combination of the two, can mean vital information needed to make objective and educated purchasing decisions can be left siloed instead of collated to provide an overall picture. 

Yet, there are supplier management platforms available that can help your organisation minimise supply chain risk by providing centralised, real-time data, with analytics and reporting tools that offer visibility on suppliers’ compliance status. A solution that helps predict, evaluate and monitor everything from a supplier’s financial health to its capacity, quality of work, performance and compliance records. Having instant access to this information enables procurement leaders to have a holistic view and to quickly make informed decisions on evaluated, compliant suppliers that meet their requirements.

Join this Supply Management Insider webinar, produced in partnership with Avetta, to learn more about:

• How developments in external supplier management platforms can assist in supplier registration and prequalification

• The possible benefits for your organisation, including developments in integrated workflows and accurate, real-time data

• How supplier management platforms can help you to better manage supplier workers 

• And how technology can help solve some of the emerging post-pandemic challenges