Procurement Magazine April 2021 | Page 106

ESG

“ For those who are on their pre-transformation journey and are looking to have a data-first transformation and want to deploy something fast and make an impact on driving ROI quickly , Tealbook provides a head start ”

STEPHANY LAPIERRE FOUNDER AND CEO , TEALBOOK
One of the biggest obstacles procurement leaders face is finding minority-owned vendors is ensuring they are compliant and meet all buyer and customer requirements .
Luckily , Tealbook can help with that .
Tealbook ; Easing supplier diversity and agility “ By leveraging AI and machine learning , Tealbook created a supplier intelligence platform that brings transparency to the supply chain ecosystem . Tealbook can help improve supplier diversity and increase agility , easing the way companies obtain supplier data and empowering speedy informed decision making ,” says Lapierre .
She further explains that when it comes to supplier diversity and sourcing compliant suppliers quickly , Tealbook ’ s supplier intelligence platform is a powerful aid , allowing you to search for suppliers based on your requirements .
“ We built a beautiful , easy to use interface that allows our customers visibility into the vendor master and to gain transparency and visibility across all their suppliers . Reporting , supplier searches and other lightweight functionalities give employees the information they need to better manage things like supplier diversity and react more swiftly to changing conditions , increasing agility .”
Allowing buyers to interact with the data efficiently and on a large scale , affords stronger outcomes . LaPierre offers Tealbook ’ s work in the UK as an example . In an effort to provide the UK with comprehensive supplier resources of PPE during the Covid-19 outbreak , working with the UK government , Tealbook added 56,000 new suppliers ( mainly in India , UK and the US ), 22,000 Good Manufacturing Practices for health care certificates and over 250,000 additional ISO certificates .
“ We are so honoured to be working with the U . K . government to help them provide for the essential workers and others that are in desperate need of personal protective equipment ,” said LaPierre regarding the partnership . “ We are here for them now and in the future , as the U . K government expands the search for suppliers in areas beyond PPE .”
Tealbook , giving you a head start on ROI Tealbook delivers a trusted source of supplier data , providing a data foundation that can be leveraged to optimise other eProcurement solutions and ensure these larger investments are successful .
“ For those who are on their pretransformation journey and are looking to have a data-first transformation and want to deploy something fast and make an impact
106 April 2021