Solution Sheet · Supplier Data Cloud
Creating an effective and efficient supplier relationship management program is critical to getting products – that both you and your customers can trust – to market faster. Stibo Systems Supplier Data Cloud streamlines this process, creating a single, trustworthy view of your suppliers and their products that results in greater savings, efficiencies, risk mitigation and transparency across the end-to-end supply chain. Supplier Data Cloud fully supports the supplier onboarding process from initial registration, supplier evaluation, qualification and approval. Suppliers can also upload data about their products and services, as well as maintain product catalogs and key supplier information, all from a single, easy-to-use supplier selfservice interface
With information stored in multiple databases and applications across various business units, teams and regions, inefficient data management processes, blind spots about supplier performance and missed opportunities often occur. Supplier Data Cloud enables users to acquire, manage and share information about suppliers and their products while providing global and local governance to maintain integrity.
With Supplier Data Cloud, companies can address complex challenges such as:
Faster time to market
Improved efficiency
Reduced data management costs
A single source of truth
Increased business agility
Improved visibility
Manage risk
Supplier Data Cloud quickly onboards, approves and manages supplier master data for a single, trusted view of suppliers and their products through the following functionality:
Data sourcing: Efficiently onboard new suppliers and their full product catalogs, as well as merge supplier accounts, using automated workflows and standardized, repeatable processes for evaluating, approving and adding new suppliers.
Learn more about how Supplier Data Cloud can help unleash the power of your supplier data.
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