Supplier Onboarding
Quickly Onboard Suppliers to Bring Products to Market Faster
Onboarding suppliers is often a manual, paper-based, disconnected, uncoordinated process that results in delays before products appear on shelves. Every day a product is not on the shelf is a day where customers cannot take that product home.
For example, a retail grocer's manual process meant vendors waited up to 5 months for their products to be sold, leading to lost revenue and frustrated suppliers – in many cases suppliers were inadvertently "lost in the process." Using TIBCO, the grocer automated the steps and integrated the process, collapsing onboard time to two days, and resulting in a faster introduction of new products, brands, and vendors.
TIBCO's service oriented architecture (SOA) technology provides a real-time infrastructure, routing events and integrating all systems – including external parties. TIBCO’s business process management (BPM) technology automates and executes every step in the onboarding process, eliminating manual steps, but still routing to legal, finance, and others in the supply chain for crucial review, validation, and approval steps that are "manual by design."
