Many companies have hundreds or even thousands of trading partners across their organization, leading to significant business risk and financial cost when supplier data is inaccurate or not maintained. According to Spend Matters, “the lack of consistent, high-quality supplier information is costing the typical Global 2000 company tens to hundreds of millions of dollars annually.” Locating the best suppliers, keeping compliant and up-to-date supplier information, and negotiating the best agreements are all key components of effectively managing business commerce. However, to be successful, companies must venture beyond these steps to constantly discover, assess, and onboard new trading partners, facilitate the electronic exchange of business documents, and consistently measure and improve upon performance.

To effectively manage a supply base and deal with mounting regulations, companies are moving towards strategic supplier management or supplier network management (SNM) solutions, with the goal of extracting more value from inbound value chains and reducing the risks and total costs of procurement while increasing innovation. The 2014 Supplier Network Management report features key insights on supplier network capabilities, key drivers of supplier management solution adoption, and maximizing supplier adoption. 

Table Of Contents

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Executive Summary

Business Network History

Supplier Network Management Universe

Suplier Network Managment - Next Steps

Coupa Profile

Hubwoo Profile

SciQuest Profile

Tradeshift Profile

Conclusion