Need an application that manages your supplier deliverables and performances?
TRACPro uses a systematic approach for organizations to manage and optimize their interactions with suppliers. It allows organisation to create and maintain positive and productive relationships with suppliers to ensure the smooth operation of supply chains, reduce risks, improve quality, transparency, performance and achieve mutual benefits.
1.
Thoughtful
Suppliers are segmented based on their importance to the organization. This can be done by categorizing suppliers into strategic, preferred, and transactional, depending on factors like spend, risk, and the criticality of their products or services.
2.
Modern
Open, transparent, and regular communication is crucial. Collaboration with suppliers on product development, innovation, and problem-solving can lead to mutual benefits and a stronger relationship.
3.
Future-proof
It’s a specialized software and tools to manage supplier relationships. It can help in tracking performance, managing contracts, facilitating communication and advanced decision making.
4.
Scalable
It can grow along with your organisation, environment is fully scalable for horizontal and vertical growth.
Key Features
Organizations set key performance indicators (KPIs) to evaluate supplier performance regularly. This includes metrics such as quality, delivery times, cost management, and innovation.
Effective contract management ensures that all terms and conditions are adhered to, reducing the risk of disputes and ensuring both parties fulfill their obligations
Suppliers are segmented based on their importance to the organization. This can be done by categorizing suppliers into strategic, preferred, and transactional, depending on factors like spend, risk, and the criticality of their products or services.
Provides ability to oversee and coordinate activities related to panels. It allows to segment suppliers by panel and sub panel to manage a cohesive supplier management.
Identifying and mitigating risks associated with suppliers is a critical component of SRM. This can involve monitoring financial health, assessing geopolitical risks, and having contingency plans in place.
For critical suppliers, companies often develop long-term strategic partnerships. These relationships go beyond simple transactions and involve deeper collaboration on strategic goals.