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Information about your vendors and suppliers is probably stored in multiple systems (CRM, ERP, spreadsheets) and multiple departments across the company, which makes it difficult to fully understand and collaborate with your supply chain.
An advanced Master Data Management platform, like STEP, can offer up a single enterprise view of suppliers that can be used by departments and systems, like ERP, that need access to high quality supplier information.
Let’s have a look at what you can do using our framework: Reconcile, Accelerate, Enrich, Improve.


RECONCILE

Evaluate parent or child relationships with other supplier organizations with which you may have an existing or potential contract via a hierarchy management tool that accesses a Golden Record of each supplier across your enterprise.


ACCELERATE

Alert the supplier if data is missing or requires adjustments when they on-board or update products through a web-based interface.



ENRICH

Improve the supplier golden record with critical third party data, such as Dun & Bradstreet or an industry association, that does not exist in any of the source systems.


IMPROVE

Enforce the introduction of data in a standard format consistent with your internal corporate standards by creating business rules for product update and creation that check the validity, completeness and format of data entered.

GET YOUR FACTS STRAIGHT ON MANAGING SUPPLIER DATA

Find a solution and get the essentials in the data sheet "Better Supply Chain Begins with Better Collaboration"