Supply Base Management with POOL4TOOL
Today, highly qualified and innovative suppliers are a decisive factor for the success of each company. Because of the reduced vertical integration of manufacturing, the subcontractors produce an ever-increasing proportion of added value. Numerous examples of successful enterprises have shown that in the long view, only partner-like relations with the key subcontractors lead to success. Systematic supply base management is hence indispensable, and the term “SRM” (supplier relationship management) is on everyone’s lips.
Professional supply base management (or Supplier Relationship Management – SRM) supports Purchasing in efficiently exercising its functions and contributing sustainable economic value to the success of the enterprise. Structured supply base management processes supported by IT pays off for enterprises of all sizes, as with the effective use of SRM, the procurement costs can be reduced and profitability increased without being dependent on sales growth or having to give up the highest quality.
More Efficient Best Practices
POOL4TOOL contains all the elements of modern Supplier Relationship Management including the definition of strategy for commodity groups, supplier selection, supplier scorecard, and supplier development. Integration of these components results in the integration of suppliers in the strategic planning process.
POOL4TOOL is the only SRM provider to offer a closed loop in supply base management from first contact with a supplier up to phasing them out in the event of inadequate performance.
This way, you can support your supply base management processes throughout the complete life cycle of your suppliers optimally and electronically, and design your procurement processes considerably more efficiently.
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