Ensures that the appropriate procedures and personnel are established and can be expanded or modified to accommodate evolving business requirements. 

Establishes a centralized supplier management function across supplier identification, registration and onboarding, qualification, risk, issue resolution, measurement, and ongoing training and support.

Produces valuable data and outputs such as recommended supplier lists, surveys, and scorecards. Helps to streamline processes and improve the use of automation.

Supports supplier diversity programs promoting a more inclusive and innovative supply chain. Provides opportunities to businesses that may have been traditionally excluded from the procurement process.

Allows organizations to take proactive steps to mitigate risks and ensure a continuity of supply. Helps to hold suppliers accountable for meeting contractual obligations and delivering high-quality products and services.

Provides insights into supplier performance over time to identify areas for continuous improvement. Works collaboratively with suppliers to make these improvements leading to better performance and increased value.