The Vendor Management module maintains a centralized repository of supplier information that influences strategic sourcing decisions. Vendor registration information is automatically routed to appropriate personnel for approval and the database maintains a complete history of vendor profile. It is integration ready with contract management module and enables one to pull the vendor compliance data. The module also tracks and triggers alerts for non-compliant vendors.

Challenges

• On-boarding new suppliers and validating compliance with preferred criteria
• Maintenance of a cleansed vendor master
• Use of non-qualified and or non-approved base of local/global vendors
• Effective collaboration between procurement and line of business constituents leading to difficulty in enforcing of procurement guidelines and regulatory compliance
• Increased administrative costs to due to a larger pool of suppliers providing the same commodities/services

The APT Vendor Management module offers the following -

• Manage a centralized repository of supplier information that influence strategic sourcing decisions
• Reduce administrative vendor management costs
• Encourage collaboration between procurement and line of business constituents
• Increase the qualified base of global vendors