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Automated Cloud-Based Supplier Database

From adding new suppliers to your purchasing organization's vendor list, to ensuring all supplier contact details are up-to-date and accurate, it's vital to keep a clean supplier database. Without correct supplier attributes, starting a qualified vendor pool for open solicitations could become compromised, even producing a complete contracting failure. Manually keeping tabs of the supplier database is time-consuming and may become a large burden around the purchasing staff. The use of an cloud-based procurement supplier management solution can simplify the procedure. Through an e-procurement bid system, suppliers can register themselves on a centralized online database and contact information is kept up-to-date automatically. By deciding to automate supplier management, purchasing organizations can evaluate qualified suppliers on the click of an mouse sufficient reason for 24 hour access and convenience. An automated supplier database eliminates the headache of maintaining a definative supplier database to result in a more efficient, qualified vendor shopping process.

Supplier Diversity Through e-Procurement

With a shifted focus towards increasing transparency and meeting business compliance standards, it's essential for buying organizations to maintain an assorted supplier rolodex. Through the use of an supplier management solution, purchasing departments can gain better visibility of its suppliers' attributes. An automated cloud-based vendor database maintains a definative, sortable directory supplier information including industry certifications, MWDBE, demographics, location, and internal, configurable supplier attributes. Furthermore, an e-procurement managed supplier pool makes auditing simple, allowing purchasing departments to only report and track diversity criteria used to qualify vendors from the bid evaluation process.

SourceSuite's E-Procurement Supplier Management Solution

BidNet's e-procurement solution, SourceSuite, eliminates manual procurement processes through its automated supplier management features. SourceSuite takes power over the supplier registration process, with contact information updated directly through the vendor. Its centralized supplier database gives purchasing organizations to be able to contact all of their qualified suppliers from one location, 24/7.

SourceSuite offers pre-qualification and/or invitational bidding, allowing procurement professionals to get qualified supplier competition based on industry capabilities, diversity requirements and other attributes. SourceSuite's custom attributes feature takes pre-qualification one step further in supplier management tools. Purchasing departments can ensure specific qualifications are met by defining what additional attribute information a supplier must provide before sending its bid proposal. SourceSuite currently helps a lot more than 900 buying organizations throughout the county with its configurable purchasing solution. SourceSuite's automated supplier management tools are only one of the many features to assist streamline the procurement process