Market Dojo already helps businesses centralise their supplier sourcing activities and negotiate efficiently via e-Auctions with their flagship eSourcing product.
Last year, we embarked on a project to develop a Supplier Information Management (SIM) tool starting with supplier onboarding. This is the backbone of effective supplier management. Companies are often unable to take advantage of critical supplier actions, such as expired insurance policies, because the information is not readily available. By using a SIM tool, companies can avoid challenges that happen as a result of poor supplier governance by storing relevant supplier information in one place and creating approved supplier lists.
Read the full article on Market Dojo’s blog.
