SRM SOFTWARE
“ AI is unlocking the next level of value in SRM systems ”
SCOTT GOODFELLOW SENIOR MANAGER , CONSULTING GEP
Her company handles lifecycle management for more than 10 millions contracts and offers its own SRM application .
She believes a lack of visibility complicates the effective management of supplier performance , compliance and risk .
“ Supply chains are the arteries of our economic system , extending across geographies and sectors ,” she says . “ Their scale and complexity underscore the critical need for maintaining efficient and mutually beneficial supplier relationships .
“ Many large organisations face significant challenges in achieving enterprise-wide visibility into their supplier relationships , particularly when managing hundreds of global suppliers .”
Scott Goodfellow , Senior Manager , Consulting , at GEP , believes a lack of transparency would cause problems . He adds : “ Without a clear vision on how an organisation ’ s supply chain can support its corporate prioritised objectives , it ’ s been difficult to work out which suppliers to target and what to do with them .”
Meanwhile , Brad Hibbert , Chief Operating Officer and Chief Strategy Officer at Prevalent , emphasises that supply chains are exposed to a myriad of risks , from physical disruptions and data breaches to reputational associations and regulatory problems .
procurementmag . com 89