Supplier Performance Software

Supplier Management Features

Features that make supplier approval and performance management simple

Supplier Risk Assessment

Automated supplier qualification process based on country, commodity, and supplier-specific risks.

Approval and Performance

Customized approval and performance checklist and document list for objective vendor qualification.

Supplier Engagement Portal

Improved supplier engagement through supplier portal for approval and performance requirements.

Approval Scores & Ratings

Develop risk-based vendor qualification through configurable scores and ratings.

Improved Communication

Configure alerts and notifications to keep suppliers informed with the actionable items.

Non-Compliance Management

Manage supplier non-compliances effectively through the supplier portal.

Dashboard and Reporting

Visualize supplier status and performances via custom filters, graphs, and analytical reports.

Alerts and Notifications

Efficient communication through customized Email, In-App and SMS notifications.

Cost Savings

Save on time and money with the supplier management process with centralized and automated supplier approval processes.

Smart Features

Supplier Risk Management

Develop your own supplier risk assessment based on configurable checklists and quantifiable responses. Manage non-compliances through the portal for effective resolutions. Continually monitor your suppliers performance through customized performance evaluation criterias.

Document Compliance and Audit Readiness

Stay compliant with audit requirements with the power of a centralized vendor document management feature. Our portal provides real-time visibility to document expiry and notifies vendors to update documents close to expiry or expired.

Supplier Scorecards

Supplier performance scorecards can be configured to provide a proper visualization of supplier risks for assessment and approval justifications. Additional conditions of approval to mitigate the risk can be added to the vendor qualification process to suppliers with identified risks.

Supplier Portal

Provide real-time access to suppliers during the qualification process and vendor management process. Suppliers can provide food safety controls, product specification, certification documentation and updates as and when they expire.

Supplier Reassessment

Define supplier reassessment criteria and schedule with the scheduling capability of Smart Supplier. Reassess vendor risks with the predefined criteria as per the schedule and maintain approval status updated in the portal.

Notification

The notification capability lets you configure when and how a user needs to be notified for which actions by email, sms or through in-app notifications along with the actionable items.

How Smart Supplier Works

Streamline your supplier management with these easy steps

1. Design Vendor Qualification Process

Establish the framework and procedures for evaluating and approving vendors for the organization.

2. Create Assessment Checklist

Develop a comprehensive list of criteria and requirements against which vendors will be evaluated.

3. Add Qualification Criteria

Incorporate specific standards and benchmarks necessary for vendor approval into the qualification checklist.

4. Assign Assessment Record

Allocate and document assessment tasks and responsibilities to relevant parties for supplier assessment.

5. Review Supplier Response

Evaluate and analyze vendor submissions and responses against the qualification criteria.

6. Make an Assessment Decision

Determine vendor approval or rejection based on the assessment results.

7. Schedule and Perform Reassessment

Plan and execute periodic reevaluations of vendor performance and compliance to maintain standards and update records accordingly.

Frequently Asked Questions

Supplier management is managing the supplier requirements and approval process to ensure compliance to qualify a supplier in the organization.

Smart Supplier consolidates supplier data, documents, and streamlines workflows to ensure real time compliance with vendor qualification criteria and requirements.

Our software streamlines the supplier approval and management process, and improves supplier compliance and performance, enhances supplier visibility and reduces the time and delays with the qualification/onboarding process.

Easily create dynamic templates just by adding your required documents and questionnaire to the custom checklist. You can also add scores and grades to qualify a supplier based on a score based on responses.

Supplier approval records can be assigned to the suppliers to complete, once completed reviewed by the customer and approved based on the qualification criterias.

Create your own response types, assign a score or penalty to each response and define a qualification rating or grade to a normalized percentage score. The system would automatically grade the supplier based on the chosen responses.

Smart Supplier allows users to configure unique templates for different types of approval requirements. No matter which industry or process you have, our application can fit your requirements.

Our application allows you to download to excel or upload a supplier approval record from excel. Our reporting also allows users to download various supplier scorecard reports in excel, pdf and graph formats.

Create supplier performance monitoring criterias in the form of a checklist and evaluate supplier performance based on the schedule. Reassess, disqualify or continue working with the supplier based on the performance results.

Our affordable software not only improves the supplier management process but also helps companies save on the cost of the supplier approval. Contact us to get started with your digital smart supplier module in as soon as a week of implementation time.