Effective supplier onboarding builds the foundation of strong business relationships with suppliers to open up the channels through which your organization can readily procure goods and services. While supplier onboarding is also a critical step that can help you monitor and mitigate risk, there is a balance that must be achieved between rigor and speed of onboarding.
According to Gartner, “Supplier onboarding is a critical enabler for supply chain to drive business success, but often becomes disjointed and ineffective. This research helps CPOs to create an onboarding process that is focused, accelerates supplier enablement, enhances risk management, and maximizes value creation.”
View this Gartner report to understand how to:
- Develop a truly unified, collaborative, and adaptable onboarding process to drive transparency and seamless information exchange
- Use tiered onboarding requirements to maximize speed and mitigate risk to deliver value
- Leverage innovative technologies to accelerate and increase accuracy in onboarding while enhancing supplier risk management
Gartner Inc., Enable Value and Manage Risk Through Compendious Supplier Onboarding. by Koray Kose, 22 July 2019.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.