Efficiently centralise, manage and approve all supplier contract data required by contract managers in the healthcare sector.
Would you like your solution sent to you?
Companies in the healthcare sector often have long and complex supply chains, meaning that managing these and ensuring compliance throughout the supply base can be a difficult and time-consuming process for contract management professionals. By the very nature of their business, healthcare companies need to ensure that they have a strong focus on efficiency, compliance and providing a quality service. This can lead to a substantial amount of administration, including paperwork, telephone calls and emails to suppliers. Trade Interchange’s ARCUS® supplier management software enables professionals within healthcare to operate without these burdens.
- Automate supplier on-boarding
- Manage contract risk
- Central repository for contract information
- Protect brand reputation
- Automated supplier scoring
- Bi-directional approval workflows
Improve supplier management in healthcare for contract management professionals
ARCUS® supplier management software, hosted in the cloud by Trade Interchange, has been proven to work in the healthcare sector, and delivers supply base confidence for the likes of Four Seasons Health Care, Lloyds Pharmacy Clinical Homecare, BMI Healthcare, and Elysium Healthcare through a streamlined solution.
Providing a complete end-to-end supplier management solution for the healthcare sector, the ARCUS® platform includes eight individual modules that can be implemented standalone, in any combination or in any order that can be categorised into three separate families; ARCUS® Source, ARCUS® Supply and ARCUS® Product.
The ARCUS® Source family includes three modules that enable procurement professionals within the healthcare sector to streamline their entire sourcing process. From tendering, running competitive eAuctions to managing sourcing projects, ARCUS® Source modules ensure that sourcing projects are run efficiently from a central location, cost savings are maximised, and procurement processes are standardised. You can find out more about ARCUS® eRFX, ARCUS® eAUC and ARCUS® SSM below.
The three modules in ARCUS® Supply enable cross-departmental collaboration in healthcare companies across several critical supplier management activities, including on-boarding suppliers, managing contracts and evaluating supplier performance. Tailored questionnaires ensure that contract management professionals in healthcare companies are collecting the data they require, and the fact that suppliers directly enter their own information removes the need to re-key any of this information, increasing data accuracy. These modules provide a central repository for essential supplier information and allow for enhanced collaboration between the procurement, quality, technical and supply chain departments. To find out more about ARCUS® SIM, ARCUS® SCM and ARCUS® SPM you can scroll further down the page to find out.
The ARCUS® Product family comprises two modules that allow users to efficiently collect, maintain and manage critical product information, as well as streamlining the product innovation process for all relevant stakeholders. Custom workflows enable users to easily validate and approve vital product specifications for healthcare businesses, and the fact that suppliers have directly entered this information enhances confidence in data accuracy. This information is then shared effortlessly between departments, and a central database for product specifications and new product development workflows can now be accessed at any time. Additional information about ARCUS® PIM and ARCUS® NPD can be found below.
Collect, store and manage all supplier data needed by contract management professionals in the healthcare sector.
ARCUS® SSM allows contract management professionals in the healthcare industry to streamline strategic sourcing management through a cloud-based solution.
Procurement and contract management professionals in the healthcare industry can streamline and improve the online tendering process through intuitive sourcing software.
Take a look at these resources to find out how ARCUS® Supplier Management Software has helped contract management professionals in the healthcare sector.
“The introduction of ARCUS® SCM has significantly increased the efficiency of our contract creation, approval and implementation without changing our process. Taking the system online has greatly increased our visibility and reduced the time to complete the process as there is no waiting for manual interventions”Jody Kerner, Director of Procurement, Barchester Healthcare
Are you ready to streamline your supplier management?
Trade Interchange is here to help you, request a meeting now.
Barchester Healthcare uses ARCUS® SCM to provide a central database for contracts. This removes duplicate and hard copies of contracts, ensuring one version of the truth exists. Barchester Healthcare utilises the configurable contract template facility to enable contracts to be electronically created for suppliers to complete and upload directly into the database for approval.
Barchester Healthcare deploys workflows that allow either the entirety or parts of a contract to be entered and reviewed by the appropriate professional without the need to manually seek each person’s approval.
The Bi-directional workflows enable a contract to be reviewed by multiple stakeholders or by a single professional depending on the business needs and contract type. This improves the efficiency of contract approvals, removes bottlenecks and frustrations, while providing complete oversight of the process and prevents data silos.