Stibo Systems Supplier Master Data Management (Supplier MDM) enables you to create a single, trustworthy view of your suppliers and their products for greater savings and efficiencies. It enables you to accelerate onboarding of supplier and product data, mitigate risk, increase product assortments and support supply chain resilience.
Without a 360° view of your supplier ecosystem, it can be difficult and time-consuming to track spending and supplier performance. Discover how to centralize and proactively govern supplier and product data for greater data management cost savings, efficiency and customer confidence with Supplier MDM.WATCH THE VIDEO
Data management projects are hard to quantify. There is great financial value to be gained from improving data quality and automating data processes. But how do you estimate it? The ROI Calculator can help you build your business case for master data management.Get your customized ROI report
Supplier master data management reduces onboarding and supplier qualification from weeks to days using a consistent, repeatable process for evaluating, approving and adding new suppliers, as well as automated workflows and standardized processes for merging supplier accounts.
The solution guides suppliers through data requirements for onboarding product catalogs, with data enrichment services and the ability to supplement data from data pools. It also simplifies supplier collaboration through task-based workflows that automatically notify suppliers and internal teams when action is needed.
Supplier MDM centrally manages large collections of media assets, automatically locating and formatting assets for a specific channel using embedded digital asset management.
With a complete 360° view, the solution provides visibility into relationships between suppliers, parent companies, sub-suppliers and subsidiaries enabling better pricing and payment term negotiation.
Supplier MDM leverages automated processes, matching and business rules to enforce data standards for completeness and format. It validates supplier information, enriches data using third-party data sources such as D&B and Loqate, and identifies and removes duplicate, dormant or poorly performing accounts.
The solution enables you to build different supplier hierarchies based on commercial, geographical, territorial and financial needs, as well as organize supplier items in multiple hierarchies for different markets, using classification rules and flexible search capabilities.
Supplier MDM enables suppliers to update their own master data, accelerating supplier approval, reducing supplier onboarding and qualification time and minimizing costs and resources dedicated to ongoing maintenance of supplier data.
The solution enables information and asset sharing in a controlled, governed environment with standardized, automated workflows and processes.
The solution’s built-in data governance capabilities enable you to consolidate, cleanse, deduplicate and synchronize supplier data and item information.
The solution enforces data policy management rules with automated processes to ensure data meets quality requirements and parameters for completeness, timeliness, validity, accuracy and consistency.
The solution centrally manages supplier contracts, certifications, accreditations and performance metrics. It includes automatic purging of end-of-life data, including removal of inactive suppliers and their associated products, to mitigate supply chain risks.
You can track compliance via self-assessment questionnaires and supplier audits with workflow-based tools and can centrally flag and block suppliers partially or wholly when out of compliance. Configurable, role-based dashboards provide real-time visibility into supplier performance and scorecards.