TealBook‘s Stephany Lapierre shared the following stat at the last SIG | ORG (Sourcing Industry Group) Global Executive Summit: “On average, it takes organizations 21 days to validate and onboard suppliers, with 81% of executives indicating that despite the effort, they are only partially confident in their supplier data.”
Click on this link to access the LinkedIn discussion stream to see what industry thought leaders are saying and to add your thoughts to this important discussion!
In the meantime, here is what I think: Unlike years past when accessing data, onboarding, engaging and managing suppliers in “real-time” was not only an onerous task, but virtually impossible, today’s digital technology with an intuitive user interface has removed the past barriers. In short, proactive, real-time engagement capability is readily available.
Why are so many CPOs disappointed with their digital transformation strategies and must take a “reactive crisis-based” approach to engage and manage their suppliers successfully?
Is it a people, process, or technology issue (or a combination of all three)?
30
Procurement Insights 
Why – in the digital age, is onboarding suppliers still a problem?
Posted on January 24, 2023
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TealBook‘s Stephany Lapierre shared the following stat at the last SIG | ORG (Sourcing Industry Group) Global Executive Summit: “On average, it takes organizations 21 days to validate and onboard suppliers, with 81% of executives indicating that despite the effort, they are only partially confident in their supplier data.”
Click on this link to access the LinkedIn discussion stream to see what industry thought leaders are saying and to add your thoughts to this important discussion!
In the meantime, here is what I think: Unlike years past when accessing data, onboarding, engaging and managing suppliers in “real-time” was not only an onerous task, but virtually impossible, today’s digital technology with an intuitive user interface has removed the past barriers. In short, proactive, real-time engagement capability is readily available.
Why are so many CPOs disappointed with their digital transformation strategies and must take a “reactive crisis-based” approach to engage and manage their suppliers successfully?
Is it a people, process, or technology issue (or a combination of all three)?
30
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