Supplier Information Management (SIM)

Supplier Information Management (SIM) is a systematic business solution designed to capture, store, update, and analyze all relevant supplier data in a centralized repository. This comprehensive system serves as a single point of reference for managing and organizing diverse information about suppliers. The primary goal of SIM is to assist organizations in cultivating a thorough understanding of their suppliers' strengths and weaknesses. By leveraging SIM tools, businesses enhance their ability to make informed decisions, foster stronger supplier relationships, and optimize their overall supplier management processes.

Learn more about Ivalua's Supplier Management Solutions.