Supplier Management
TradeBeyond provides a complete solution to manage suppliers and collaborate efficiently, automating data collection and monitoring vendors’ compliance and certification statuses. Supply chain maps visualize the relationships between your supply chain partners.
Supplier Onboarding
Simplify the supplier onboarding process with automated self-registration and real-time insights into compliance and progress.
Supplier Information Portal
A central portal to share information and reference documents to suppliers about doing business with your company.
Supplier Self-Registration
Streamline your supplier registration process. Enable new suppliers and facilities to independently register and submit required documentation.
Supplier Review and Approval
Real-time tracking across supplier onboarding activities, including registration, pre-screening, document collection, background checks, and contract negotiation.
Seamless Integrations
Effortlessly access and cross reference 3rd party audit and risk data sources including auditing firms (e.g, SGS, Bureau Veritas), amfori BSCI, HIGG, WRAP and others.
Supplier Contract Management
Efficiently manage supplier contracts with digital distribution and automated acceptance tracking, ensuring compliance and accuracy.
Contract Distribution
Automate the distribution of regulatory requirements, company policies and commercial terms to suppliers for their review and acceptance.
Contract Review/Approval
Streamline the process for suppliers to review and accept regulatory, policy, and commercial requirements, as well as the internal review and approval of negotiated terms.
Automated Compliance Validation
Streamline contracting with automated compliance validation, ensuring all supplier agreements meet regulatory requirements before being finalized.
Central Contract Repository
Securely house all supplier agreements and documentation in one centralized repository, ensuring compliance and easy access at any time.
Supplier Compliance Management
Monitor and ensure supplier compliance with centralized reporting and real-time alerts for any exceptions or red flags.
Compliance Monitoring
Continuously track suppliers’ compliance, including certifications, insurance, financial status, and social audit reports, and generate exception alerts as needed.
Digitized Audits
Streamline factory and facility audit process using CBX’s mobile audit application, enabling auditors to capture audit detail including photos and videos effortlessly.
3rd Party Risk Databases
Proactively monitor supplier compliance with seamless integrations to third-party audit and risk databases, including amfori BSCI, WRAP, and Higg. Stay informed of changes in certifications or compliance status so you can resolve risks promptly.
Compliance Safeguards
CBX automatically blocks orders from non-compliant suppliers and halts the shipment release from those that breach compliance requirements.
Frequently asked questions
What is supplier relationship management software?
Supplier relationship management (SRM) software is a digital tool designed to help businesses oversee and optimize their relationships with suppliers. It centralizes supplier data, tracks performance metrics, and facilitates communication to ensure a smooth and efficient procurement process.
The software supports various functions, including supplier onboarding, compliance tracking, and performance analysis. It can also provide insights into potential risks within the supply chain, making it a critical tool for businesses aiming to achieve operational excellence.
SRM tools are particularly valuable for managing global sourcing operations, enabling companies to collaborate effectively across borders. TradeBeyond’s SRM software goes further by integrating ESG compliance and supply chain sustainability into supplier management, ensuring businesses meet ethical and environmental standards.Learn more about Supplier relationship management (SRM) software.
Are supplier management and vendor management the same?
Supplier management and vendor management are related but distinct concepts. Supplier management focuses on the long-term relationship between a business and its suppliers, emphasizing collaboration, performance tracking, and risk management throughout the supply chain.
Vendor management, on the other hand, often deals with more transactional relationships, such as negotiating contracts and ensuring timely delivery of goods or services.
While there is overlap, supplier management encompasses a broader scope, often involving tools like SRM software to foster strategic partnerships. Both approaches are essential, but supplier management is key to sustainable supply chain management and resilience.
What are the benefits of using TradeBeyond's supplier management software?
TradeBeyond’s supplier management software offers a comprehensive solution for businesses managing complex supply chains. Key benefits include:
1. Streamlined Operations: Centralized data management and automated workflows reduce administrative burdens.
2. Improved Collaboration: Enhanced communication tools foster stronger supplier relationships.
3. Compliance Assurance: Integrated ESG compliance features help businesses meet global regulatory standards.
4. Risk Mitigation: Real-time insights into supplier performance and potential risks safeguard supply chain continuity.
5. Sustainability Goals: Tools for monitoring and improving supply chain sustainability, including traceability and green supply chain practices.
By integrating global sourcing and sustainability capabilities, TradeBeyond’s software helps businesses remain competitive while adhering to ethical standards.
What types of supplier data can be stored and managed within TradeBeyond's supplier management software?
TradeBeyond’s supplier management software is designed to handle a wide range of supplier data, including:
• Contact Information: Supplier locations, contacts, and communication records.
• Performance Metrics: Delivery timelines, quality scores, and service levels.
• Compliance Records: Certifications, audits, and ESG compliance status.
• Risk Assessments: Insights into potential supply chain risks or disruptions.
• Contractual Data: Agreements, pricing, and terms of service.
This centralized approach ensures comprehensive visibility and enhances decision-making across global sourcing operations.
What defines a sustainable supply chain?
A sustainable supply chain is one that minimizes environmental impact, respects human rights, and promotes ethical practices throughout its operations. Key components include reducing carbon emissions, optimizing resource use, and ensuring fair labor practices.
Sustainable supply chains often leverage tools like SRM software and ESG compliance software to monitor and improve their environmental and social performance. Businesses that adopt sustainable practices benefit from improved reputation, cost efficiencies, and stronger customer loyalty.
What characterizes a resilient supply chain?
A resilient supply chain is designed to withstand disruptions and adapt quickly to changes. Key characteristics include:
• Visibility: Real-time insights into supplier performance and inventory.
• Flexibility: The ability to shift suppliers or operations as needed.
• Collaboration: Strong relationships with reliable suppliers.
• Risk Management: Tools for identifying and mitigating risks before they escalate.
TradeBeyond’s supplier relationship management software supports resilience by providing tools for supplier risk assessments and fostering collaboration.
What does green supply chain management mean?
Green supply chain management focuses on integrating environmental considerations into supply chain operations. This includes reducing waste, conserving energy, and ensuring eco-friendly sourcing practices.
Green supply chains often use technologies like supply chain traceability software to monitor environmental impact and implement sustainable practices. Businesses that prioritize green supply chain management can reduce costs, comply with ESG regulations, and enhance their brand’s eco-conscious image.
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Contact us today to learn how TradeBeyond can support your business’s needs and how our platform builds more efficient, responsible supply chains.