Different roles with different tasks typically require different and specific solutions. What is true in many business areas is definitely not true in vendor and contract management - and managedsuppliers proves it.
managedsuppliers.com –
one solution for everyone
managedsuppliers is the tool that brings together different perspectives and requirements. It provides functions and solutions tailored to different stakeholder groups, addressing individual management needs. For example, a SOW owner has a much narrower and detailed view of an individual engagement, while a purchasing manager looks at the overall contract landscape and performance of a specific supplier.
managedsuppliers will tie up any loose ends, ensuring a seamless and smooth collaboration. Some of the main functions and opportunities are presented in the following:
Online Collaboration Tool
Creation of SOWs online together with all stakeholders involved. This eliminates the risk of data loss, as all changes are made transparently and traceably to one original file. At the same time, everyone has access to the underlying framework agreements and pre-negotiated components such as KPIs and prices. This speeds up the coordination and negotiation process enormously.
Complete Database
All current and past SOWs, as well as all drafts, are available in one place and can be viewed based on an authorization role system. This database can also be filtered (e.g. per supplier or timeframe) and can be used as a source of ideas and best-practice examples when creating new SOWs.
Automatic Reporting System
The supplier must continuously proivde the data for all SOWs on an ongoing basis. This includes both cost and performance data (e.g. KPIs) and is used for automated dashboards and reports that provide performance and status snapshots.
Optimizing the entire life cycle of suppliers and contracts, from initiation and negotiation to conclusion and maintenance, is a complex task with various activities, processes and documentation that affect those involved on both the customer and supplier side. managedsuppliers organizes the supplier landscape and provides useful tools for diverse stakeholder groups within your company, while still supporting the special needs of all individual interest groups.
Now that we've talked about how managedsuppliers brings the supplier's and your company's stakeholders together and enables them to work together efficiently, let's work out an answer to the question:
Why should you use managedsuppliers.com?
Even though the software offers numerous different functions, processes and associated benefits, we will summarize them now in 8 compact reasons:
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Transparency
Transparency is achieved by centralizing information on vendors, Statements of Work (SOWs), and costs on a global scale. This ensures that your management has a holistic view, fostering informed decision-making and accountability across the organization. -
Boost your relationship
managedsuppliers supports rapid interactions and negotiations for establishing new engagements. By streamlining processes, organizations can enhance collaboration, reduce time-to-market, and adapt swiftly to changing business requirements. -
Speed-up formal processes
Standardize and automate purchasing processes to expedite formal procedures. This not only reduces manual effort but also ensures consistency and compliance. -
Fast setup and usage
Enable quick alignments on upcoming topics, conduct KPI fulfillment checks, and monitor services promptly. Both parties can adapt swiftly to evolving project requirements, enhancing overall responsiveness and operational efficiency. -
Always stay up-to-date
Go beyond SOW-level analysis and reporting. managedsuppliers provides insights to functional domains or entire business areas, providing stakeholders with a nuanced understanding of performance, risks, and opportunities. -
Keep-up with improvements
It also ensures that all improvement initiatives are systematically assigned, transparent, and traceable. This centralized approach fosters a culture of continuous enhancement, allowing organizations to adapt to industry trends and evolving best practices effectively. -
Efficient CR management
Simplify the creation, negotiation, and application of Change Requests (CRs) within the tool. This standardized process ensures that modifications are handled seamlessly, reducing potential disruptions and enhancing the overall agility of the organization. -
Reliable forecast
Use historical and existing data to create and track automated forecasts for the next 12-36 months. This data-driven forecasting enhances reliability, allowing organizations to make informed financial and operational decisions, optimizing resource allocation and strategic planning.
Summary
In the area of vendor and contract management, where different roles demand specific solutions, managedsuppliers stands out as a versatile tool catering to diverse stakeholder needs. Offering features like an online collaboration tool, complete database, and automatic reporting system, it streamlines collaboration and enhances transparency.
With benefits ranging from rapid interactions and standardized processes to real-time monitoring and automated forecasting, managedsuppliers provides a singular solution for efficient, transparent, and collaborative supplier and contract management.
Still not convinced - contact us directly or via
https://www.managedsuppliers.com/appointment/ and we will show you how you can apply managedsuppliers to your advantage.