Supplier lifecycle management is an essential aspect of procurement and supply chain management, and effective supplier data management services can significantly enhance this process. It refers to the process of managing supplier relationships throughout the entire supplier lifecycle, from initial supplier selection and onboarding to ongoing performance management and, if necessary, supplier termination. Effective supplier lifecycle management can help organizations improve supplier performance, mitigate risks and drive business value through enhanced collaboration and innovation with suppliers....
10/19/21 |
6 minute read
