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What Are the Benefits of a Proof-Of-Concept?
The proof-of-concept (POC) is an essential part of the process when acquiring new technologies for an enterprise. However, it is a step that is frequently by-passed or greatly reduced in scope, which limits the full benefits that can be realized by the process. One of the reasons for the omission is that traditional, established frameworks […]Business ProcessesSupplier Onboarding Read now
You Can’t Achieve Procurement Success Without A Strong Foundation
When it comes to managing your organisation’s suppliers, it’s likely that one of your main concerns is increasing supply chain efficiency. What makes us sure about this? Well, because you’re not alone in this respect. In fact, according to a survey carried out by PayStream Advisors, 39% of enterprise-level (companies with revenues greater than $2bn) […]Compliance & RiskSupplier ManagementSupplier Onboarding Read now
What Are The Five Key Business Processes For Supplier Master Data Management?
A centralized, operational Supplier Master Data Management (or SMDM) solution must support five key business processes, which relate to the lifecycle of the relationship with each supplier. These are: create, extend, update, deactivate and reactivate. Once the processes and governance for these five processes have been defined and agreed, all changes from then on […]Master Data ManagementSupplier Onboarding Read now