Does it take too much time and effort?
What are Supply Management Solutions™?
Our Supplier Management Solutions™ will proactively certify, monitor and analyze your supplier base, so that you can mitigate any risks of supplier disruption to your business.
It is a systematic and ongoing risk management program that helps provide stability to your business by gathering important information on your new suppliers, and maintaining valid information on your existing suppliers. More importantly, it aggregates and evaluates these information on your behalf with sharp predictive insight so that you can make the best decisions to protect your supply chain.
We recently launched the Supplier Lifecycle Management Program here in Vietnam, as part of our best-in-class Supply Management Solutions™ to make it simple and easy for businesses to conform their suppliers to international standards, manage their risks, and identify alternative suppliers quickly if the need arises.
Why is Supplier Lifecycle Management so important?
The risks of supplier failure are commonplace and have become too great to ignore, such as financial bankruptcy, quality issues, illegal practices, incompetent management and regulatory compliance. As supply chains become leaner and lead time for market delivery becomes shorter, there is a greater dependency on suppliers.
If suppliers are not managed accordingly, they can cause operational costs to rise, sales and profit to fall, and even damage business reputation and survival in some cases. This is especially so as the cost of implementing Supplier Lifecycle Management Program is negligible compared to the potential loss.
Most importantly, it is to give you peace of mind so that you can focus your time and effort on growing the business!
How can you benefit from it?
Being a participant of our Supply Lifecycle Management Program will save you a lot of cost, time, workload and risks:
How can your suppliers benefit?
Your suppliers pay a minimal annual processing fee of VND 7,700,000 that entitles them to commensurate benefits such as: