Companies spend thousands and thousands of euros on Customer Relationship Management Software (CRM), but often neglect the management of their suppliers, which is just as important for success. This can quickly backfire, because without input (supplier services) it is difficult to generate output (products & services for customers).
Two key elements for a well-functioning supplier relationship are often neglected - the vendor management office (VMO) and supporting supplier management software
In large companies, we very often see that vendor management is carried out, but seldom receives the necessary attention in terms of resources and workload. In addition, VMOs usually work without the necessary support of automated tools such as practical supplier management software, which could save them a lot of time and effort.
Typically, the VMO is confronted in their daily business with 4 central problems that would basically require automation and technical support:
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A multitude of global and versatile suppliers and relationships
Managing a diverse array of global suppliers poses a multifaceted challenge for the Vendor manager. The complexity of supplier relationships requires a resilient supply chain strategy to mitigate risks. Balancing the advantages of a wide range of suppliers with the need for consistency and reliability is crucial. -
A substantial volume of individual supplier engagements across multiple domains
A large volume of different engagements leads to complex coordination and monitoring issues both at engagement level and at the overarching supplier level. Managing diverse suppliers in different domains requires a strategic approach to ensure alignment with overriding business objectives, while still reflecting the needs of individual domains. -
Increased complexity in managing documents and data
The organization and accessibility of data is becoming increasingly complicated with the growing amount of information. Ensuring data integrity, security and compliance with evolving regulations, traceability and availability pose as additional challenges. To cope with this complexity, efficient document management systems are essential.
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Every day business brings new challenges that require structured and transparent solutions
The dynamic nature of daily business operations introduces a perpetual challenge that necessitates structured and transparent solutions. Transparency in these solutions is crucial for effective communication and alignment across teams, promoting a shared understanding of challenges and the strategies employed.
We have tackled these problems and are launching a revolution for supplier management - we present you: managedsuppliers, a cloud- and web-based application designed to empower your business in managing vendors and contracts seamlessly.
managedsuppliers.com - the simple solution for a wide range of problems
managedsuppliers efficiently handles diverse data inputs, converting them into a well-organized database and delivering insightful, actionable reports. Plus, it enables continuous supplier lifecycle monitoring, empowering you to concentrate on your core business priorities. All the challenges described above can be solved easily by implementing managedsuppliers.
managedsuppliers is based on 6 core features, which are briefly listed and explained below:
| Feature | Description |
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Effortless collaboration is essential for creating transparent and clearly defined Statement of Works (SOWs). Seamless teamwork and transparent communication ensure that different perspectives contribute to a comprehensive SOW that is aligned with shared business objectives. |
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Continuous collaboration ensures that everyone involved is working on the same document, which promotes transparency and traceability of changes. This collaborative approach enables sequential updates, eliminating the risk of version discrepancies. |
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At any time, you have convenient access to transparent and well-organized information, service quality metrics and performance data. This accessibility enables efficient monitoring and facilitates informed strategic decisions, improving overall operational efficiency. |
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Identify areas where the service can be improved, develop and align on potential improvements and track the implementation process to ensure seamless execution. By applying a systematic approach, organizations can accurately measure their impact. |
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Manage your resources effectively by monitoring utilization and spend in real time, leveraging existing agreements and gaining insights from historical data for proactive planning. This approach enables companies to optimize their operations and ensure that resources are deployed in line with budget guidelines. |
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In today's fast-paced business environment, new internal and external requirements are constantly evolving. These must be recorded and implemented immediately in order to counter potential problems as they arise. |
As you can see, managedsuppliers offers a wide range of useful functions that support, simplify and transparently map various vendor and contract management processes in one place.
An all-in-one Solution
This is the main idea and goal of managedsuppliers. The following graphic illustrates that each individual step and each task in the lifecycle of an SOW requires a large number of different documents and data. New documents have to be created, coordinated with the respective responsible, improved, presented, stored and possibly updated again after a few weeks. This results in a lot of work from data generation to regular updating, which is simply eliminated by managedsuppliers. All data is always accessible and available in one place, at any time and is updated automatically.
If this has aroused your curiosity, please visit our website www.managedsuppliers.com, watch the explanation video, and contact us here: https://www.managedsuppliers.com/appointment/