Supplier Management Outsourcing Services

HICX offers an integrated portfolio of supplier management related services and solutions, either as standalone offerings, or as part of its turn-key packages for its Enterprise Supplier Manager (ESM) software platform. HICX's deep domain expertise coupled with cutting-edge software technology, Six Sigma experience and process re-engineering capabilities, significantly adds to the value delivered to its clients and fulfills their critical business objectives—increased profitability and cash flows, improved productivity & efficiency, optimized working capital, improved customer service and faster time to market.

HICX's holistic and tailored, outsourcing offering, for supplier management, allows our clients to choose which parts of their supplier management process to keep in house and which parts they prefer us to manage.

Supplier Onboarding & Qualification Outsourcing

Onboarding new third parties vendors, contractors or suppliers, can often be a time consuming process. Whether it be for a straight forward one time buy, where you just have to collect vendor and bank account information, or if it will be one of your most critical suppliers, there are multiple manual steps involved before you can commence business. Our expertise and software can help optimize these processes further, and remove the transactional effort from withing your organization, allowing you to focus on making better strategic decisions.

• Data & Document Collection
• Data Validation
• Supplier Due Dilligence
• Supplier Vetting

Supplier Information & Data Management Outsourcing

Supplier data and the related supplier information are key assets of our clients. Ensuring that data is always up to date and of a high data consistency and quality, are vital to decision making and overall organisational efficiency. HICX can bring its best practice experience from implementing master data management solutions and data governance organizations, to ensure you have trustworthy and reliable information readily available. HICX not only works with straight forward master data but can also help you collect Carbon data (e.g. from utility bills), to facilitate carbon footprint reporting, or CSR related data to enable you to focus on engaging with the your suppliers on CSR initiatives.

• Supplier Master Data Management (MDM) Outsourcing
• Supplier Data Enrichment Outsourcing
• Carbon Data Collection & Document Management Outsourcing
• Sustainability / CSR Data Collection & Document Management Outsourcing

Supply Chain Monitoring, Coordination & Analytics Outsourcing

HICX works to identify, qualify, evaluate, and monitor suppliers on behalf of major organisations worldwide, by supporting all key supplier management related processes, from supplier risk management and anti-money laundering, to CSR management and Carbon reporting. When put together this end to end visibility allows our teams to bring you insights around all of the critical areas in your supply chain, giving you peace of mind and boosting your own performance.

• Supplier Risk Assessment Outsourcing
• Ongoing Third Party & Vendor Screening Outsourcing
• Anti-Money Laundering Compliance Screening Outsourcing
• Supply Chain Audit Coordination Outsourcing
• Supplier Segmentation
• End-to-end CSR Process Outsourcing
• Spend Classification, Aggregation & Analysis

Next Steps

HICX provides a cost-effective, scalable global offshore delivery model, ensures a targeted approach (e.g. significant revenue categories/geographies, at-risk products etc.) and utilizes customized proprietary tools and methodologies. We also leverage and augment client's existing resources and tools. Our technology solutions can be on-premise or cloud based.

To find out more please contact us to have one of our team get in touch.