TRANSFORM YOUR VENDOR MANAGEMENT PROCESS
Collecting basic supplier information and completing initial approval or vetting steps are the start of a successful supplier management program. But these actions are not enough to effectively evaluate an ongoing relationship with suppliers. To realize additional value from your supply base, your organization should consider implementing a robust supplier management program.
To reach your goals, you’ll need an “A-team” of suppliers. If you’re still using a manual process for supplier onboarding and management, you may not know which suppliers will fulfill your business needs. Automating your supplier management process can effectively and efficiently manage supplier spending and streamline costly processes – saving you time and money.
“As with many health plans across the country, we have experienced a significant amount of growth in membership over the last few years. With rapid growth such as what we experienced, we needed a foundational procurement system that would effectively and efficiently manage our supplier data, contract expirations, compliance to contract pricing, and promote the use of L.A. Care preferred vendors. Additionally, we required a procurement system that was user-friendly to achieve customer buy-in and that was highly configurable to adapt quickly to our business needs.”
Director, Contracting and Procurement of L.A. Care
TOTAL SUPPLIER MANAGER: VENDOR MANAGEMENT SOFTWARE
Juggling phone calls and paperwork from your suppliers is all in a day’s work, right?
Truth is, your manual vendor management process is costing you more than precious time. It’s costing your organization money – more than $1,000 per supplier per year. Total Supplier Manager automates supplier management from discovery and information gathering through registration, qualification and selection, to risk and performance management.
Total Supplier Manager transforms your vendor management process through:
- Web-based, centralized repository
- Formalized supplier vetting and performance management processes
- Automated communications and supplier self-service on-boarding
- Auto-alerting for expirations or renewals to supplier documentation
- 2nd tier diversity spend reporting
- ERP integration
With Total Supplier Manager, your supplier management process will work for you – not the other way around.
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