Turn suppliers into drivers for success
Full Visibility into Supplier Data
Large organizations understand how complex it can be to get an accurate view of their supplier landscape, and how difficult it can be to retrieve accurate information on supplier performance and other key metrics. How your business onboards, engages with, and manages suppliers is critical to meeting customer expectations, and to do so requires full visibility into your data.
The DevonWay Supplier Management solution allows users to easily and securely search across the database, including within uploaded attachments (such as proposals), and create ad hoc reports to find and share supplier information and insights.
Streamline and Adapt
As products, processes, and regulations evolve over time, so do supplier requirements, which can have far-reaching effects on key tasks like onboarding. The DevonWay Supplier Management solution is configured with no-code business rules to meet your unique requirements, now and into the future – without involving IT.
Summary of Benefits
Reduce financial and legal liability by running reports across all suppliers to identify critical gaps
Mitigate supply chain risk by enforcing an oversight process to track supplier performance
Respond to changing conditions by configuring your process flows without involving IT and scaling with usage-based pricing
The DevonWay Supplier Management solution serves as a central, closed-loop system to help you manage and track all supplier-related information, tasks, and actions.
The supplier onboarding function can run as part of the larger Supplier Management solution or standalone. Buyers set up supplier contacts directly from the portal and assign onboarding forms for suppliers to complete online. The workflow routes the forms automatically to the appropriate stakeholders.
Customers set up their own supplier scorecards, with numeric or picklist scoring criteria weighted to a final score, along with comments for each question. Users set up and maintain their own scorecards and determine when to make them available for use, without involving IT.
Authorized users can view and open supplier forms, issues, scorecards, audits, inspections, RFQ/RFP responses, and other information from a central location. Easily run reports across all suppliers to identify critical gaps and liability issues, such as when suppliers are missing necessary insurance coverages.
Users can set up and distribute RFQs and RFPs to vendors to submit a response, including pricing and financial details across all products and services included in the response. Users can then run reports to compare responses and analyze pricing differences. Bidders easily upload necessary information that constitutes their bid.
Users can set up their own supplier audit templates and create and manage audit findings and associated actions within the same system. Audit findings tie back to specific audit criteria, which can reference contractual or compliance commitments, or other requirements that serve as the basis for the audit.
Supplier Document Reviews
Suppliers submit their required documents and complete required reading within the DevonWay system. Users can track overdue read confirmations and submit document change requests to suppliers directly from the supplier portal.