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Learn MoreLearn MoreLearn MoreSupplier onboarding refers to the process of collecting essential information about potential vendors, and implementing new suppliers into a company’s procurement or supply chain system. The goal is to assess the supplier’s ability to meet the company’s standards and requirements, ensure that required data is collected, and help suppliers and manufacturers do business together. An example would be a clothing retailer onboarding a new textile supplier. They would first assess their production capacity and ensure compliance with sustainability and quality standards. The supplier then provides the necessary financial data, product specifications, and certifications that comply with the retailer’s CSR goals. After negotiating payment terms and a delivery schedule, the contract is formalized. The supplier’s data is then integrated into the retailer’s PIM system to maintain consistent, accurate product information across channels. Training is also given to the supplier on the retailer’s platform to ensure a smooth collaboration.
Supplier onboarding is a must for a successful business. A smooth onboarding process encourages a strong partnership and reduces problems. It also minimizes risks related to quality, compliance, and financial stability, and helps to control costs and prevent miscommunications regarding pricing.
A PIM can completely ensure a seamless integration. It streamlines and improves the supplier onboarding process by providing a centralized platform to manage product data, ensuring consistency and accuracy throughout the supply chain.
Discover how Akeneo’s AI-powered Supplier Data Manager can enable brands and manufacturers to simplify supplier relations, accelerate time to market, and improve the accuracy and quality of your supplier-provided data through a concrete example.
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Discover the features of Akeneo’s recently announced Supplier Data Manager, a simple and scalable portal that streamlines the collection, management, and enrichment of supplier-provided information and assets, ensuring efficiency and accuracy across the entire supply chain.
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PIM - Centralize, Manage & Enrich
SDM - Onboard Suppliers
Activation - Syndicate Product Experiences
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