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Oracle Supplier Lifecycle Management allows users to master supplier information , streamline the supplier management processes , enable cross-functional performance evaluation and assure effective governance and risk mitigation .

“ Suppliers aren ’ t just important to the procurement department but are a key component of an entire organisation ’ s ability to generate value ,” the company says . It adds : “ The ability to generate value is compromised when information about supplier performance is locked away in disparate systems or in employee ’ s heads .”

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