Managing suppliers effectively reduces risk, drives quality, and creates trusted relationships with customers. However, tracking data, compliance records, onboarding, audits, and more on paper can lead to inefficient decision-making and poor quality outcomes. Businesses that utilize paper and follow-up with emails are wasting valuable time and resources managing suppliers that they could redirect in other, more productive ways. Developing a secure supplier portal can help organizations create opportunities for improving accuracy, strengthening supplier relationships, and making real-time decisions all while ensuring that their supplier information remains uncompromised.
Supplier compliance is critical to reducing risk, ensuring quality, and meeting customer expectations, but the activities involved can be tedious and time-consuming. Establishing the right relationship with clear expectations between all parties and open communication can significantly reduce supply challenges. Supplier management software is a beneficial tool that can efficiently organize all aspects of supplier management, creating opportunities for more productive relationships and allowing supply managers to invest their time in adding greater value to organizational processes.
The majority of process, discrete and repetitive manufacturers have between 100 and 500 suppliers, according to a recent poll by SafetyChain. Managing hundreds of vendors is an enormous undertaking, but the quality and safety of your product depend on your company’s ability to do it well. If you’re using paper, spreadsheets, or siloed point solutions to manage your suppliers, there’s simply no way you’re able to proactively track their performance and address issues promptly.
Fortunately, SafetyChain’s Supplier Manager solution provides a cloud-based, centralized solution that makes supplier compliance faster, easier, and more effective. Below, we’ll take you through the core steps of effective supplier management and how you can achieve each with SafetyChain.
Supplier quality management plays an integral role in the success of any process manufacturing plant. It also presents ongoing challenges for companies—especially those with an extensive product line. While each company must adopt practices that align with the nature of their business (check out our best practices for supplier management), support their unique requirements, and help them reach their goals, there are a few elements every successful supplier management program should encompass. Here’s a closer look at what a robust supplier quality management system should entail.