Procurement Magazine Aug W3 2026 | Page 92

INTAKE & ORCHESTRATION
“ If you use high-quality supplier risk assessments from a reputable analytics vendor, the majority of your third parties are likely to carry limited risk and can move through a speedy approval process.”
But with the increased use of generative and agentic AI in the supplier onboarding and supplier management processes, Michael Murray, Chief Commercial Officer at DSV Inventory Management Solutions, highlights that while fast supplier onboarding is crucial to support customer needs it is more important than ever to ensure that all required supplier data is collected and stored securely. As well as making sure that suppliers are compliant with standard practices and legal requirements, and supplier agreements and standard T & Cs are documented and communicated fully.
“ Our onboarding process is designed to ensure that we collect the right data upfront and goes through several stages of approval so the relevant procurement, financial, and quality experts can sign off on the onboarding process before it is truly complete,” says Michael.
“ To mitigate the potential for delays, we monitor the critical path data collections, approval stages and progress of supplier onboarding and routinely assess our performance both on a macro basis and with individual onboarding projects.”

“The supplier onboarding process is the best time to gather data about supplier business continuity, ESG and other practices”

Michael Murray Chief Commercial Officer DSV Inventory Management Solutions
92 August 2026