procurement

All posts tagged procurement

Guide to Supplier onboarding and qualification

on June 30, 2021

You can optimize time spent onboarding suppliers and reduce errors with something as simple as automation. And one possible way is by leveraging smart contracts and blockchain technology.

After covering what supplier onboarding and qualification are in a previous post, today, we’ll look at this simple guide to supplier onboarding and qualification for companies.

Reading time: 4 minutes. Photo by Jungwoo Hong on Unsplash.

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traktiGuide to Supplier onboarding and qualification

Supplier Qualification and Onboarding : definitions and flows for a successful vendor management

on May 19, 2021

The COVID-19 pandemic is challenging procurement teams to rethink the whole Supplier Qualification and Onboarding process, with active suppliers adjusting how they work, and new suppliers bypassing the qualification process for initial onboarding to keep operation flowing. 

However, the Supplier Qualification Management (SQM) is essential to mitigate all the risks connected to the onboarding process, which can seriously affect your business. That’s why in this article we are going to define what is Supplier Qualification and why you need to implement right the qualification for initial onboarding.

Reading time: 3 minutes. Photo by Piermanuele Sberni on Unsplash

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traktiSupplier Qualification and Onboarding : definitions and flows for a successful vendor management