Supplier Management
Build a resilient supplier portfolio
Supplier Management software helps you centralize all supplier data, increase operational efficiency and avoid non-compliance within the supply chain.
Centralize supplier information and supplier performance management
Keeping supplier data up to date is of equal interest to you and your suppliers, so why not simply make it a collaborative effort?
Just centralize all supplier data and ask your suppliers to keep their relevant information, accreditations, and certifications up to date, benefitting stakeholders in both camps and fostering supplier relationships. Supplier Management software is equipped to distribute questionnaires that can be linked to sourcing events. Expedite the decision-making process by tracking and accessing supplier performance in one centralized location. Use scorecards and instant KPI tracking and reporting to elevate your entire buying function.
Simplify vendor management
Invite your suppliers to register through the supplier portal to enter and maintain their own data, accreditations, and certifications, reducing your supplier management workload by up to 65%. Your suppliers will benefit significantly, as they will only need to provide the information once for all RFI/RFPs, and your colleagues will have full access to supplier data across the business.
Gain deep visibility of Your Supplier Base
Easily access, report on and interrogate all supplier data and documents from one central repository, with configurable dashboards and numerous supplier segmentation options.
Protect Your Reputation and ESG Profile
Enforce and track supplier compliance against all key areas, from anti-slavery and child labor to full environmental, sustainability, and corporate governance.
Continuous supplier assessment
Ongoing tracking and identification of any change in supplier profiles and scoring will give you time to evaluate the potential impact on your business and plan how to mitigate the associated risk.
Integrates with industry applications
Integrate with what you know and already use.
Scanmarket integrates with leading technology solutions to create an effortless experience for the end user.
Key Supplier Management functionalities
Centralized Supplier Base
Easily access, report on and interrogate all supplier data and documents from one central repository, with configurable dashboards and numerous supplier segmentation options.
Supplier Management
Remove 65% of the manual workload with automated workflows and messaging. Make adding new vendors easier with supplier self-managed onboarding and quicker assessments with automated questionnaires and autoscoring.
Compliance
Enforce and track supplier compliance against all ESG-related areas: anti-slavery, child labor, sustainability, corporate governance, etc.
Financial Risk
Identify any change in risk profiles with on-demand alerts. Notifications allow ample time to evaluate the potential impact on the business, and to plan how to mitigate the risk.
Auditing & Reporting
Track user activity in system logs and user timestamps. Pull reports and conduct full audits of all information throughout the entire relationship with any third-party.
Security & Background Profiling
Get comprehensive security checks and background profiling with connected external risk and corporate information databases such as Dun & Bradstreet.
Identity Management
Protect your corporate reputation while running your business securely and profitably by better understanding your customers, vendors, and partners.
Data Integration
Collect, consolidate, and explore any data - from spreadsheets to databases, ERP systems, P2P tools, and payment cards.
Intelligent Questionnaires
Identify risk with potential new business relationships from the beginning using intelligent questionnaires. Build the questions around your most important issues and assess responses to determine the level of risk you are willing to assume.
500+ Happy Customers
Scanmarket’s software is built to make S2C management as simple as it should be.
The Benefits of Using Supplier Management
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Reduce supplier management costs by >65%
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Gain enterprise-wide transparency to supplier activities including documents, event history and contacts through centralized secure administration of supplier profiles
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Empower suppliers to maintain up-to-date profile information
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Speed up assessment, qualification and on-boarding of new suppliers
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Obtain visibility of economic data
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Increase speed of decision making
Challenges Supplier Management Solves
Inefficient manual processes
Automate repetitive tasks, like onboarding suppliers and maintaining data and certifications.
Dispersed supplier data
Centralize and share a repository of all suppliers across all company sites and business units.
Lack of compliance
Automate and enforce compliance requirements and updates.
Unable to compare supplier performance
Manage suppliers through use of scoring and certifications.
No visibility of financial data sources
Screen suppliers and business partners through the use of 3rd party data providers such as Dun & Bradstreet
How Much Does Scanmarket Cost?
Companies of every size and type, from medium-sized manufacturing businesses to enterprise-level service organizations have made the move to Scanmarket. Looking for a better way to run your source-to-contract processes but wondering about the cost?
Users subscribe to Scanmarket for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for the initial setup. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.
24/5 customer support is included with the Scanmarket platform license.
Resources
Customer Stories
Spark ideas with success stories from Scanmarket customers:
Guides & Blogs
Deep-dive into topics around procurement, strategic sourcing and Scanmarket:
Blog - Supply Chain Visibility - Key to Robust Cyber Security
Blog - How to Mitigate Third-Party Risk in Your Supply Chain
Frequently Asked Questions
What is the most efficient way of securing compliance?
Automate maintenance of supplier certifications, documentation, and scoring by transferring the responsibility for updates and verifications to your suppliers.
Monitor compliance with full visibility of supplier activity including contracts, event history, contact information, certificates, files, communications, and more. With Supplier Management software, all supplier data is readily available with reports, notifications, and flag alerts for non-compliance issues.
You no longer have to chase suppliers for data updates. Suppliers simply log in to update their information and certificates directly under their profile and receive automated expiry reminders.
Which tools do you integrate with?
Integrate with enterprise resource planning (ERP) tools and other master supplier data to include all relevant information about goods and services being sourced.
Customize integrations with seamless data flow for solutions such as ERP, DocuSign, P2P, eSourcing, Contract Management, Risk Management, and more.
How does automated supplier onboarding work?
Provide a link on your company website for interested suppliers to register on your database, or issue a link via email. Supplier Management software verifies email addresses for security purposes and confirms the completion of required registration questionnaires.
Automated notifications let the relevant users know once a new supplier has registered. Review new suppliers and accept or reject them based on scoring thresholds, transferring them automatically to the supplier database.
The automated onboarding process saves time and requires fewer people in the initial screening, and offers a standardized approach toward all suppliers.
How can I improve my tender workload?
Reduce tender workload by up to 80% with supplier score tracking to gain visibility of all supplier information. Customize your supplier surveys with scorecards, KPIs, and more to compare suppliers from a 360° view.
Supplier Management software provides transparency for all buyers using the same supplier and enables proactive supplier management.
Which type of support do you provide?
We provide 24/5 Quick Call support for your internal users and suppliers.
Quick Call support is not like your typical support desk. With Scanmarket, you have direct access to our global team of expert source-to-contract consultants who can resolve your issues rapidly. We often hear from our customers that Scanmarket's Quick Call support is the best in the industry.
Quick Call support is available to customers, suppliers, and other stakeholders. 85% of Quick Calls are answered in less than a minute, and 95% are answered within five minutes.
