The downturn of 2008-2009 has put further pressure on procurement to balance increased need for cost savings and efficiencies while still building “Super Supplier Relations” ready for the upturn and adding more rigour to their risk management strategy.

Enter the new solutions grouping and another three letter acronym, Supplier Information Management (SIM), which assists organisations to manage information and data on organisations’ suppliers, including general information, transactional, risk, diversity, sustainability and compliance data.

The recent Procurement Intelligence Unit Technology report examines how the Supplierforce solution has helped Telefónica O2 Ireland to establish relationships with suppliers and achieve a more efficient, transparent and accountable procurement process, while benefiting from tangible cost savings.

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