A Smart Supplier and Contract Reviews Application
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Problems we are trying to solve:
The lack of an effective tool for supplier performance review may result in a negative Return or Investment (ROI).
Failure to manage supplier performance during the contract monitoring stage may result in losing 75% of the cost savings.
Risk of losing business due to a lack of comprehensive supplier compliance management tools, including company and staff compliances.
The increasing regulatory compliance standards make businesses vulnerable to losses and government penalties.
We love to highlight the Online Review functionality of ProcuSphere
ProcuSphere can create a Supplier Performance Review culture within your organisation. The Performances module drives the participation of everyone who interfaces with suppliers in the organisation, which results in a widely-participated supplier management process that builds up a pool of highly performing suppliers.
To get suppliers to improve their performance and provide what matters to the business, you need to obtain the insights of the stakeholders that work closely with suppliers. They must be more involved from the beginning of the Supplier Review process.
ProcuSphere instills the discipline and the rhythm to conduct supplier reviews, a frequency set from when a supplier is on-boarded and/or a contract is awarded.
These days, consumers make their buying decisions based on supplier ratings. Enterprise buyers should do the same. With ProcuSphere, the performance ratings of your suppliers are visible to your stakeholders, enabling them to make wise buying decisions.
If you need an easy-to-use, intuitive tool with the best-in-class Supplier Review functionality, please get in touch with us today.
Why do you need this NOW?
Your suppliers need customer reviews and feedback because there’s an increasing dependence on customer reviews and feedback.
The growing risk landscape, especially after the last few years of disruptions, require compliance leaders to establish greater business ownership of risks. Take control of your compliance standards.
The democratisation of data and analytics empowers more parts of the organisation to use data to make decisions. Seek data as close to real-time as possible to survive the competition in this increasingly complex competitive landscape.