How HL Display Saved 8-10 Months on Supplier Management with SRM Software
Nov 10, 2022
Kodiak Hub published a new case study on how HL Display Saved 8-10 Months on Supplier Management with SRM Software, revealing surprising data on how Purchasing Managers solved the problem in order to save time on conducting Supplier Self-Assessments & overall Supply Chain compliance reporting.
Stockholm,Sweden - November 10, 2022 /PressCable/ —
SRM Software company, Kodiak Hub, has published surprising new data in their latest case study on How HL Display Saved 8-10 Months on Supplier Management with SRM Software. Designed specifically for Procurement, Sourcing & Purchasing Managers, this case study provides a real-world look at the challenges facing Procurement, Sourcing & Purchasing Managers in HL Display wanted to save time on conducting Supplier Self-Assessments & overall Supply Chain compliance reporting. The Group Purchasing team recognized supplier risk management as a pillar to help meet their sustainability goals. With over 700 suppliers and much of their supplier data localized on different entities’ ERP Systems and in employees’ computers – like in spreadsheets, notes & emails – HL Display had a hard time leveraging their supplier data in the most efficient way. Information was scattered & processes required heavy manual work, which meant Supplier Self-Assessment campaigns sometimes took as long as 8-10 months to finish and how those challenges can be overcome.
Interested parties can download the case study on the company website: https://www.kodiakhub.com/case-studies/hl-display
The How HL Display Saved 8-10 Months on Supplier Management with SRM Software case study contains credible sources that provide reliable information that can be used to make important business decisions. This concrete example of success documents the steps taken by HL Display to find an effective solution for HL Display wanted to save time on conducting Supplier Self-Assessments & overall Supply Chain compliance reporting. The Group Purchasing team recognized supplier risk management as a pillar to help meet their sustainability goals. With over 700 suppliers and much of their supplier data localized on different entities’ ERP Systems and in employees’ computers – like in spreadsheets, notes & emails – HL Display had a hard time leveraging their supplier data in the most efficient way. Information was scattered & processes required heavy manual work, which meant Supplier Self-Assessment campaigns sometimes took as long as 8-10 months to finish.
Among the information included:
SRM Software – created for procurement professionals to step out of excel spreadsheets and into a software platform when managing their suppliers more efficiently and responsibly.
Supplier Relationship Management – The whole idea behind Supplier Relationship Management Software is to help companies enhance their processes when it comes to sourcing, supplier onboarding, supplier assessments, supplier performance monitoring, supplier document management, supplier audits, supplier compliance, supplier collaboration, supply chain risks + many other important aspects of managing suppliers.
Supplier Onboarding Automation – automation of the tedious, manual and time consuming process of onboarding a new supplier. Helping procurement and sourcing teams to faster evaluate and gather information about a supplier to know if they can do business with them or not.
Sunny Yang, Group Purchasing Director of Kodiak Hub said,
Previously it took 8-10 months to have the most important suppliers finish their self-assessments. With Kodiak Hub, the same work was done in 3 weeks.
Professionals who need help with HL Display wanted to save time on conducting Supplier Self-Assessments & overall Supply Chain compliance reporting. The Group Purchasing team recognized supplier risk management as a pillar to help meet their sustainability goals. With over 700 suppliers and much of their supplier data localized on different entities’ ERP Systems and in employees’ computers – like in spreadsheets, notes & emails – HL Display had a hard time leveraging their supplier data in the most efficient way. Information was scattered & processes required heavy manual work, which meant Supplier Self-Assessment campaigns sometimes took as long as 8-10 months to finish are invited to review the case study online or download the full case study directly: https://www.kodiakhub.com/case-studies/hl-display
Contact Info:
Name: Richard Teuchler
Email: Send Email
Organization: Kodiak Hub
Address: 5 Humlegårdsgatan, Stockholm, Stockholms län 114 46, Sweden
Website: https://www.kodiakhub.com
Source: PressCable
Release ID: 89084659
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