In today’s Procurement world of increased supply management complexities, it is very important for any supply chain manager to have in-depth knowledge of his supplier, including awareness of a supplier’s financial health, the geographies where the supplier is buying from, other organizations buying from the same supplier and other factors which can be a potential risk to the supply chain.

According to a recent Procurement study conducted by Zycus, 32% of respondents expect to see near-term investment in Supplier Management, which encompasses supplier performance measurement, score-carding and reporting alongside supplier information management.

A Supplier Management Solution can help companies have better visibility into supplier deliverables. Scorecards help companies develop their suppliers and facilitate them to overcome their weaknesses, which becomes beneficial for all key stakeholders. To achieve this, organizations need to adopt a Supplier Management collaborative platform for defining key performance indicators (KPIs), capturing data inputs, setting stakeholder surveys and balanced supplier scorecards.

In this Solution Deep Dive, attendees will receive a firsthand experience of Zycus' Supplier Management Solution and will learn how to:

• Strengthen and quantify supplier performance metrics
• Foresee potential supply chain risks and collaborate with suppliers to overcome them
• Increase stakeholder participation to get a holistic view on supplier performance

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