Procurement professionals can leverage their company’s spend through gathered data and safety statistics on their suppliers before they hire. Companies that outsource work tasks to suppliers often devote a lot time and energy trying to decide on which supplier to outsource too. This typically involves a Request for Proposal (RFP) process but what if that can be sped up through contractor data gathered and provided by a prequalification service?
There are a lot of positive takeaways from companies that provide supplier manage solutions. Unfortunately, there are also a lot of frustrations where there shouldn’t be any at all: complicated navigation, overpriced fees, difficult to understand requirements and lack of customer support all play a roll.