ESG you now have clean , complete , reliable data , and you no longer have to overcome limitations faced by inaccurate or incomplete supplier data .
“ With many procurement systems like source-to-pay or spend analytics , the promise of the investment in that software requires having good data upfront . Tealbook provides that , giving you the freedom to choose technologies that best meet the digital requirement of each function . You can upgrade to the newest , coolest digital solution without having to live with that decision forever , and you can implement it faster and get more out of it .“
And so , it seems , the problem of bad or inadequate supplier data has been fixed . We have the technology available to create more diverse and agile supply chains .
To that point , LaPierre shares an analogy , “ The obvious analogy here is Covid . We worked so hard in the US to bring the vaccine to fruition . A year later , after all the angst in the supply chain , organisations are saying that if another incident like this happens again , they ' re not any further along , and they ' re not prepared . I think that ' s the huge takeaway here . Why aren ' t they ? It ' s ready . It ' s here . This is not a technology that they need to wait on like we needed to wait on the vaccine .”
Perhaps it ’ s time supply chain leaders take supplier diversity and agility seriously and leverage tech that ’ s fit-for-purpose .
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