Understanding the value of supplier relationships can be a challenge with information stored in multiple databases and applications across various business units and regions. Without a 360° view of your supplier ecosystem, inefficient data management processes, blind spots about supplier performance and missed sales opportunities often occur. Your risk to reputational damage also increases from a lack of compliance and trust in your suppliers.
Stibo Systems Supplier Master Data Management (Supplier MDM) enables you to centralize and proactively govern supplier and product data for greater savings and efficiencies. Accelerate onboarding, mitigate risk and increase product assortments by leveraging Supplier MDM to create a single, trustworthy view of your suppliers and their products and enable greater transparency across the entire supply chain.
Without a 360-degree view of your supplier ecosystem, it can be difficult and time-consuming to track spending and supplier performance. Learn how Stibo Systems Supplier MDM enables you to centralize and proactively govern supplier and product data for greater savings, efficiency and customer confidence.
Reduce data management costs by efficiently onboarding new suppliers and full product catalogs and merging supplier accounts with automated workflows and standardized processes.
Deliver a complete and trusted view of suppliers and sub-suppliers across all channels and digital touchpoints by sharing supplier and associated product data with business units, procurement teams and regional offices across the enterprise.
Improve onboarding and ongoing maintenance of supplier information by enabling suppliers to update their own master data.
Improve the bottom line by centrally managing supplier data and associated product information while ensuring consistent data quality standards.
Mitigate procurement, compliance and supply chain risks by streamlining contract lifecycle management, ensuring data meets corporate and regulatory requirements, and monitoring supplier scorecards.
To support its digital transformation initiatives, Sonepar Canada selected Stibo Systems Multidomain Master Data Management (Multidomain MDM) for its supplier, product and customer data domains. Today, it leverages a single version of the truth for recording and reporting product information. This helps Sonepar Canada negotiate with suppliers, improve customer service, lower costs and increase sales.