Challenge:

Accelerate Innovation by Finding the Best Suppliers

Find Your Supplier A-Team

You're a dynamic organization whose needs are always changing. Are the vendors you contracted with last year still up to the task? If you're using an outdated, paper-based process for supplier onboarding and vendor management, chances are you have no idea. So how can you make strategic, informed decisions about which suppliers are best able to support your goals?

When you automate your supplier management processes, information about compliance, insurance, certifications, diversity status, 2nd tier data, performance, and more is at your fingertips and fully searchable. This means you can be confident you're always doing business with suppliers who meet your business requirements.

SciQuest's supplier assessment and vendor performance management tools help identify suppliers who are best positioned to be effective strategic partners – giving you the support you need to focus on the next big thing.

Best Practice Supplier Management

Automating each area of supplier management allows you to understand who your suppliers are, the quality of your suppliers, and have a single, reliable, consistent and comprehensive data source. This allows you to better manage your supplier base and drive continued value for your organization.

Identification, Registration, & Approval

Onboarding & Qualification

Doing Business

Managing Compliance & Performance

Provation or Exit

"Automation can reduce supplier information management costs up to $848 per supplier."
-Gartner
"77% of companies surveyed in an MIT study indicated that 2 out of the top 3 major procurement risk factors were related to suppliers."
-Accenture
"Enterprises supporting supplier performance measurement initiatives with automation tools achieved a 57% greater improvement in supplier performance than those without automation."
-Aberdeen