Supplier Onboarding: Defining and Setting a Strategy (Part 1) [Plus+]

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The sourcing exercise is over, and you’ve found a great new supplier. You’ve vetted, scrubbed and polished throughout your diligent sourcing process. The contracting has just concluded, and the new contract still smells of fresh ink. The savings look great, so you toss everything over the fence to the vendor management team and accounts payable to get it sorted out so users can start saving money. A month later, you meet the new supplier and find out that no new business has been awarded to them, and that they are still being held up in the onboarding process. So, what is this onboarding process, and how can it be improved? That is the topic of this three-part Spend Matters Plus series.

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