Supplier Relationship Management

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Effective supplier relationship management often extends only to the very top tier of suppliers, and even then is typically handled by multiple stakeholders with little or no consistency of approach and measurement. Wax Digital web3 SRM provides an intuitive toolset to deliver a comprehensive supplier management programme, automating and centralising processes to allow good practice to be applied right across your supply chain.

SUPPLIER RELATIONSHIP MANAGEMENT BENEFITS AT A GLANCE

IMPROVE COLLABORATION WITH YOUR SUPPLIERS

A single, fully audited centre for supplier communications, management and measurement, encourages stakeholders and suppliers to be active participants in your SRM processes.

EFFORTLESSLY EXTEND YOUR SUPPLIER REACH 

Automatically apply a pre-configured set of management actions and activities against suppliers based on their tier, enabling good management across large supply chains.

SECURE TOTAL VISIBILITY ACROSS ALL SUPPLIER DATA

Comprehensive dashboards and analytics allow quick and easy cross-supplier comparison by sector and tier. You can also achieve a 360° view of your supplier relationships and scorecard data.

AUTOMATE RISK MANAGEMENT

Surveys and scorecards can sit alongside automated data feeds from other systems and data providers, to deliver a real-time vision of supplier KPIs and risk factors.

Wax Digital Feature Highllights

FEATURE
HIGHLIGHTS

Managing every process, from evaluation and on-boarding to ongoing performance review

Take a segmented approach
Segment suppliers into tiers. web3 SRM will then automatically apply the appropriate level of management activities based on supplier criticality.

Total meetings management
web3 SRM Meetings Manager allows you to set-up both ad-hoc meetings and schedule meetings that form part of your SRM processes. You can also adding objectives and assigning actions to SRM users.

Quick and easy questionnaires
Quickly and easily build detailed surveys and questionnaires. Leveraging templates to provide master questionnaires, for distribution both internally and to suppliers. Also comes with all the response management and scoring features you’d expect of a class leading SRM suite.

Powerful supplier scorecards
web3 SRM scorecards collate and assess responses from questionnaires and supplier repository data, providing detailed insight to individual responses. Alternatively, rolled up to illustrate a combined set of results from multiple responses – from different respondents or from the same respondent over multiple events.

Wax Digital Feature Highllights

FEATURE HIGHLIGHTS

Managing every process, from evaluation and on-boarding to ongoing performance review

Take a segmented approach
Segment suppliers into tiers. web3 SRM will then automatically apply the appropriate level of management activities based on supplier criticality.

Total meetings management
web3 SRM Meetings Manager allows you to set-up both ad-hoc meetings and schedule meetings that form part of your SRM processes. You can also adding objectives and assigning actions to SRM users.

Quick and easy questionnaires
Quickly and easily build detailed surveys and questionnaires. Leveraging templates to provide master questionnaires, for distribution both internally and to suppliers. Also comes with all the response management and scoring features you’d expect of a class leading SRM suite.

Powerful supplier scorecards
web3 SRM scorecards collate and assess responses from questionnaires and supplier repository data, providing detailed insight to individual responses. Alternatively, rolled up to illustrate a combined set of results from multiple responses – from different respondents or from the same respondent over multiple events.

Comprehensive supplier repository
Define the data you want to hold in your SRM repository and create a supplier information set that can include any number and nature of data types – sourced both manually and via integration to third party data sources.

Track status and KPIs
Rounding up data from across web3, scores are generated for each supplier made up of the results from various SRM processes, consolidated into a total score. And with automatic update functionality, you can ensure that each supplier’s profile is completely up to date with the latest information.

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