This research report from Paystream Advisors examines the current landscape of supplier management strategies, including use-case trends for supplier networks and SIM tools.
It also provides insight into the various tools and services offered with leading supplier management technology, and a set of supplier management best practices.
Managing suppliers safely and efficiently has a great impact on a company’s stability and bottom line. These measures are especially important if companies are managing a large amount of suppliers and spend, or if they have complex supply chain processes. Successful business-to-business (B2B) operations depend heavily on communication, collaboration, and trust among all parties. Without proper strategies in place to manage supplier relationships, companies put those operations at major risk.