SIM, done right, is anything but vendor management set in concrete. It’s malleable. It can evolve with regulatory regulations and compliance needs. It can incorporate the ability to manage supplier information on a multi-tier level. If you’re looking for a quick patch to Dodd-Frank or FCPA, perhaps you might be able to adopt a band-aid type solution. But such a model is not an extensible approach, whereas SIM can grow with your organization just as core financials within ERP can grow to add new P&Ls and business lines.
Supplier Management Musings: Technology Requires Change Management — Aravo, SEC Regulations, Dodd-Frank, MDM and More (Part 2) [Plus+]
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