Prequalification and Automated Routing of Potential Suppliers |
• Collect due diligence supplier information and documentation:
• Commodity-specific capabilities – scored and ranked by your unique requirements
• W-8s/W-9s, audited or reviewed financials, background checks, detailed capabilities profiles, safety audits, risk assessments
• External/ internal reference checks
• Business/corporate/credit verification
• External business profile reports
• Background check, judgments, liens
• OSHA and EPA violations, OFAC/SDN list check
• Ability to collect additional intelligence about the supplier from references, supplier self-assessment, third parties authorized, or any internal users
• Automated assignment of prequalified potential suppliers to appropriate sourcing teams or commodity managers – all based on your predefined business rules and assignments |
• Automate commodity-specific prequalification of suppliers based on your organization’s unique requirements – routed to the appropriate commodity teams
• Increase and simplify access to and use of qualified potential suppliers
• Use sourcing teams efficiently in dealing with prequalified suppliers, while retaining intelligence on all registering potential suppliers
• Reduce federal and state risk, avoiding fines and other penalties from noncompliance
• Ensure competition by introducing new competitors into your sourcing processes |