Manage supplier relationships pro-actively.

Supplier Management involves understanding and enhancing the overall relationship with a supplier. A supplier management system provides the necessary supplier master-data management and functionality to deliver this. However, in an environment with multiple supplier records or multiple systems & ledgers, it can be difficult getting just a single view of each supplier.

But that’s just the starting point. Supplier Management also involves understanding the contribution/impact of each supplier to your overall performance, not just in terms of spend volumes, but in terms of processing efficiency, compliance, risk and quality. By understanding a supplier's performance across a basket of metrics, targeted actions can be put in place to maximise the contribution of the supply base to the organisation and limit supplier risk.

The PRGX SpendTrax Supplier module supports these requirements by providing a single view of each supplier, an extensive range of analytics and functions to support collaboration & knowledge sharing through the organisation. The module provides actionable information to maintain control over the supply base, reduce operational risk and create real savings opportunities through better purchasing and finance processes.

Concise management and collaboration across the supply base.

The Supplier module is an integrated and core part of the PRGX SpendTrax™ application. Here, users both in the procurement and finance community can search across a cleansed and consolidated global supplier file. The module supports tight management and collaboration across the supply base with the following features:

• Supported by a comprehensive data transformation process which consolidates disparate supplier records and creates a cleansed view of the supply base
• As part of the transformation, duplicate records are identified and relationships between supplier records are clearly detailed
• Obtain additional key profile and risk information appended to the supplier record
• Maintain comprehensive contact information for any supplier and share with others
• Record and maintain feedback; enable supplier evaluation from real experience
• Add/upload and share supplementary documents against individual suppliers
• Extensive reporting across spend, process efficiency and compliance for each supplier record
• Compare and benchmark supplier performances against internally defined targets and the population as a whole

Rapid data access to globally dispersed users.

The PRGX SpendTrax™ Supplier module provides:

• The ability to view and manage suppliers in one-place; enabling savings and efficiencies from best leveraging the information
• Enriched supplier profile data which can be used as part of ongoing supplier assessment and on boarding criteria; thereby ensuring supply base risks and profiles are in accordance with criteria
• Relevant financial analysis & metrics against which individual suppliers can be measured and real performance improvements identified
• Functionality to support collaboration between users and inform sourcing and operational decision making

PRGX SpendTrax™ is a secure web based application; providing rapid access to globally dispersed users. The module is underpinned by a comprehensive data management service providing cleansed and enriched supplier data on a regular period (as determined by your requirements.