Key Capabilities to Maintain and Share Critical Supplier Information
Self-Service
QAD’s solution makes it easy for suppliers to manage their own information and provides companies with a single record of supplier activity and performance.
Collaboration
Facilitate communication and coordination between your organization and suppliers while reducing error-prone, manually intensive supplier management processes.
Exception management
Automatic alerts notify your buyers, planners or other supply chain stakeholders of any issues requiring immediate attention.
Supplier performance
Accurately assess and rate your suppliers compared to agreed upon key performance indicators (KPIs) and service level agreements (SLAs).
Classification
Flexibly categorize suppliers using external financial, supply chain and ESG compliance ratings, along with their evaluation and status.
Configurable questionnaires
Personalize questionnaires to collect various information like certifications, CO2 impact, ESG factors and other data.
Customer Success Stories
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AVL List GmbH Improves Supplier Communication with QAD
Automotive manufacturer improves data quality and addresses supply chain risks to drive its success and better support ESG initiatives.
QAD Provides Greater Supplier Collaboration for Schmitz Cargobull
A leader in commercial vehicle construction selected QAD for its high user-friendliness and seamless integration with an existing system.
Kromberg & Schubert Centralizes Supplier Information
Automotive cable manufacturer cut costs and gained efficiencies by combining supplier data, documents and certificates into a single location.
Grammer AG Boosts Supply Chain Sustainability
QAD helped Grammer slash scope 3 emissions and build a resilient global supply chain.
Next Steps
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Frequently Asked Questions
What are some key challenges associated with managing supplier data?
Managing supplier data has a host of issues, primarily stemming from poor data quality due to inaccuracies, incompleteness and inconsistencies across various systems, departments and business units. This often leads to fragmented information in disparate data silos, making it difficult to gain a holistic view of supplier relationships and hindering overall visibility. Effectively identifying and monitoring diverse risks—financial, operational, and ESG—along with ensuring compliance with evolving regulations, becomes a complex task without reliable and centralized data.
What are a few supplier data management best practices to consider?
To effectively manage supplier information, prioritize centralization to ensure easy access and updates. Maintain accurate and up-to-date data by establishing a master database, eliminating redundant entries and streamlining updates. Crucially, implement standardized processes for collecting and managing this information, fostering consistency across all suppliers. Lastly, develop clear procedures for evaluating and managing supplier risk using this data, enabling smarter decision-making and proactive risk mitigation.