Manage Supplier Risk during Onboarding with ARCUS® Supplier Information Management
ARCUS® Supplier Information Management (SIM) is a central platform for collecting, storing and managing supplier data, allowing for greater confidence in supplier approvals, reducing the risk to brand reputation by ensuring supplier compliance using smart technologies. Supplier Information Management software users benefit from increased supplier transparency, streamlined supplier management and improved data integrity.
About Supplier Information Management
With our Supplier Information Management software module, information is self-onboarded by suppliers directly into a centralised system via tailored questionnaires. This allows users to maintain control over supplier risk by ensuring compliance with company requirements.
When used with eRFX, information is auto populated between modules through question mapping, reducing the level of manual administration.
The system is fully auditable, offering a trail of actions to evidence supplier risk mitigation. This protects your brand reputation, whilst also providing a 360 view of your supplier information.
What are the Benefits of Supplier Information Management Software?
- Centralised supplier data and documentation
- Efficient streamlined supplier management
- Reduced manual administration
- Mitigated supplier risk and increased compliance
- Enhanced supplier transparency
- Up and running in as little as 9 weeks
Tailored questionaires
Collect supplier information through configurable questions with intelligent branching options.
Artificial intelligence
Scan and verify documentation with 99% accuracy to validate compliance claims.
Automation
Reduce manual administration through automated reminders for supplier updates.
Case study
Whitbread PLC is the UK’s largest hospitality company, owning Premier Inn as well as Beefeater, Brewers Fayre, Table Table and Bar+Block.
Using ARCUS® SIM, Whitbread’s procurement team is able to collect large volumes of data specific to supplier risk level, financial status and company requirements by using configurable questionnaires. This allows Whitbread to request additional information specific to their company such as evidence of sustainability in the supply chain and ethical trading.