Supplier Information Management System

The company owns a chain of restaurants in the United States specializing in Mexican cuisines. The company is rapidly growing and serves organic and naturally raised meat making it unique.
Key Drivers for implementing Supplier Information Management System (SIMS):
Each year, billions of dollars are lost due to supplier management operational, cost and functional inefficiencies. A supplier’s financial difficulties may lead to failures and non-compliance with defined regulations. Dependency on specific suppliers, especially those with unknown high risk ratings, produces a financial risk that is absorbed by the purchaser.
A single source of truth for global supplier information.
Consistent and standardized information for all suppliers.
Automated and actionable supplier management processes.
Proactive risk, compliance and performance management.
Supplier analytics, including spend and other important metrics.