When our most strategic suppliers truly become embedded in our business and the scope of the relationship involves specialized obligations and commitments centered on measurable outcomes that extend beyond quality and on-time performance alone, traditional indirect materials source-to-pay (S2P) and vendor management system (VMS) SOW capabilities may come up short. This statement holds true not just for managing business process outsourcing (BPO) and other services-centric relationships, but also the most strategic vendor partnerships with manufacturing suppliers as well. SirionLabs, a specialized procurement suite vendor, has built a solution that faces little competition in addressing much (but not yet all) of the lifecycle for managing the most strategic, outcomes- and obligations-based supplier relationships.
This final installment of our multipart Spend Matters PRO Vendor Snapshot series covering SirionLabs offers a competitive analysis and comparison with other similar or related vendors that companies may wish to shortlist. It also includes a user selection guide, user interface and user experience (UI/UX) analysis and summary evaluation and selection considerations. Part 1 and Part 2 of this PRO research series provide a company and deep dive solution overview, a SWOT analysis, product strengths and weaknesses and a recommended fit analysis for what types of organizations should consider SirionLabs.