Forrester Research - Economic Benefits of Supplier Information Management Solution 2012
In a context of an increasingly compliance-bound global marketplace, many companies struggle with supplier risk management. Stakeholders from different groups of the organisation, such as the procurement or finance department, need access to accurate, up-to-date, and validated supplier information. But data quality, cost, and availability concerns are very common. Additionally, creating, verifying, and maintaining its own supplier data is a very labour-intensive, time-consuming, and repetitive process. Companies should look for means to streamline the procurement process. This is where supplier risk and performance software and services, such as the Achilles solution, can be very valuable.
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