12 recommendations to implement a source-to-pay solution | #11. Supplier Enablement Strategy & Benefits

Suppliers are an integral part of the equation and must be actively engaged and enabled. The approach for enabling the suppliers should be a collaborative effort between the supplier and key stakeholder groups in order to provide a concise message.

What is Supplier Enablement?

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Supplier Enablement Benefits

1.Standardized approach and process can help reduce cost of onboarding supplier and transaction processing (PO and Invoice)

2.Enablement of catalogues improves compliance to contracted pricing and item lists

3.Determine the best way to work with your suppliers and your suppliers to work with you by defining the way you want to communicate:

through exchange of transaction documents (PO, ASN, Invoice, …) such as moving to machine to machine data exchange (by pass email and users for initial exchange)

4.Self Supplier Registration (SSO), Self service supplier information management, supplier evaluation, electronic POs and Punch-out, PO Flip, payment monitoring, notifications: Transition management of vendor information to the vendor (where appropriate) through the use of an online portal

5.S2P supplier portal can also become the single point of contact for supplier with your company. It can grant the access to Supplier data base, contract repository, supplier information, etc.