SPM - Sourcing Process Management
Trade Interchange SPM- Sourcing Process Management gives visibility of projects and enforces best practice.
SPM is a collaborative workflow tool to enable procurement teams to effectively manage sourcing projects by ensuring all buyers follow best practice processes or your company’s own strategic sourcing method. Team members are required to complete tasks and update forms and documents, all of which are audited and activity is tracked. SPM management dashboard gives visibility of the progress of each project and helps identify bottlenecks and delays. It provides a central reference point for all stakeholders and integrates with all of the other modules in the Trade Interchange Procurement System.
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More streamlined, consistent and transparent process.
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Genuine visibility of all sourcing projects via SPM Dashboard.
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More proactive approach to monitoring project progress by tracking the status of all tasks in a single dashboard.
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Robust review and approval processes and programmable alerts to notify of key terms, milestones, tasks, critical dates and events.
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Reminders sent via email when tasks are due.
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Track changes to original documentation for audit trail purposes.
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New team members require minimal training to adopt standard company procedures.
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Increased savings through successful delivery of more projects.
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Based on our Workflow Management platform, we map the various stages of our clients’ current or planned strategic purchasing processes, creating a task based managed process flow, with options for various levels of approvals, document management, data collection through internal custom questionnaires, and more.
SPM provides centralised document management and storage, workflow and scheduling, with the ability to customise data collection and track performance.