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Supplier collaboration with PLM ensures that your organization uses accurate supplier information when specifying and procuring components and services. Built-in supplier management workflows help you track and audit their work. Supplier collaboration tools help you speed up development cycles by sharing designs, bill of materials details, and more.
Automated processes for quoting, procurement, and supplier collaboration efficiencies.
Manage comprehensive information about your suppliers in a single system including approved manufacturers lists (AML) and approved vendor lists (AVL), as well as components each supplier provides and their strategic importance to your organization.
An automated supplier audit workflow notifies you when a supplier is up for review to ensure every supplier record is kept up-to-date with the latest information. Stakeholders in procurement, quality, and other areas of responsibility can see the real-time status of a supplier going through an approval process to know supplier availability.
Give suppliers controlled access to only the data they need to see to actively participate in the procurement process:
Rather than relying on tribal knowledge or digging through emails and spreadsheets for preferred suppliers, find up-to-date information in a centralized system when you need it.
With a central system for your bill of materials data and structured PLM workflows, you can share product-specific details and industry compliance requirements and documentation with your suppliers.
Ensure supplier information is consistent in all your enterprise business systems without manual intervention by integrating, PLM, CRM, and ERP to exchange supplier, inventory, and product design details.
Join us to learn how using a product lifecycle management (PLM) system organizes the most up-to-date supplier information centrally so you always have it, with capabilities such as integration with your CRM and ERP systems to use enterprise information; auditing suppliers and keeping a “do not use” list to avoid future issues; linking suppliers to your bill of materials to ensure compliance standards; tracking compliance to regulations such as RoHS, REACH, conflict minerals, and ISO9000; and to secure supplier participation in the procurement process.
Discover more benefits of product lifecycle management by taking a PLM business assessment.
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Fill out the form to speak with a product expert about how to get started with product lifecycle management.