SUPPLY CHAIN
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For Onboarding New Vendors
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Alster says the take-away message for C-suiters is to “ act with urgency on strategic supplier onboarding ”.
He adds : “ Invest in your processes , to ensure you can do more with the same , or fewer , resources . This usually means automating your supply chain data , so you ’ re finding new suppliers or managing existing suppliers .”
Technology has a vital role to play in supplier onboarding . One solution that exemplifies what is happening in this space is SmartOps , from UST , an AI-powered cognitive automation platform that holistically learns and reimagines business processes , while intelligently digitising and compressing manual workflows .
Running on AWS , SmartOps works across business and IT operations , including help desks and onboarding tools . It optimises procurement and supply chain management
– everything from tracking shipments and invoice payment to contract management to ESG compliance .
Technology of another flavour is also helping streamline and improve supplier onboarding processes and tighten protocols : blockchain .
One company at the forefront of helping drive blockchain adoption in supply chain is IT consultancy Tech Mahindra – part of the Mahindra Group , founded in 1945 and one of the world ’ s largest multinational federation of companies , with 260,000 employees in 100 countries .
Tech Mahindra meets the needs of global customers by leveraging next-generation technologies – including 5G , blockchain , cybersecurity and AI – to enable end-to-end digital transformation for global customers .
Rajesh Dhuddu , is SVP & Global Business Head , Emerging Technology at Tech
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