IS YOUR COMPANY A VALUED VENDOR?
The main objective of many of these vendor registration processes and/or systems is to enhance transparency, fairness, equality and foster responsible practices.
It also mitigates the company's risk factors while still retaining its competitive advantage.
Suppliers are often contracted for a specific period and preference is then given to them as approved suppliers on the company’s database.
The process to become an approved supplier can often be a long and rigorous one. Suppliers are required to complete the vendor application and/or registration forms. These forms will set out the basic non-negotiable business standards as well as important and urgent practices that suppliers need to adhere to when conducting business with the company.
Many of these applications and/or registrations are done via central online portals. Once the company profile is created and the registration and/or application completed online, then all the supporting documentation is uploaded and uploaded and uploaded and uploaded!
This can be a very time-consuming process and at times frustrating process to, with all the uploading of documentation – technology is not always on our side!
Let Compliance Hub be the solution, to your company being a valued vendor!
Executive Consultant – Compliance Hub