S2P PLATFORM
MEREDIAM Source 2 Pay
MEREDIAM Source 2 Pay
01
Vendor feedback allows to record fact-based assessment of contractual commitments and performance. Outcome of the feedback will help to understand how vendors are performing and whether they are helping to achieve the customer's strategic objectives.
02
Vendor performance will help to monitor and analyze the quality, performance, and reliability of vendors. Monitoring vendor performance allows to improve efficiency and profits by reducing stock levels and inventory costs. Proper vendor performance results in better products increasing customer satisfaction.
03
Vendor Review is planned based relevant aspects of performance and the relationship with important strategic vendors. Analyzing data of top vendors under different categories and reviewing it with them on a periodical basis will create better bonding with vendor partners and will helps organization to plan renewing of contract with the vendors
04
Potential candidates are reviewed for suitability, and winner(s) chosen. Depending on the intended role of the supplier, a purchase order, contract, or both will be created. Supplier performance is monitored. Good performance will be rewarded with more orders.
MEREDIAM is a cloud based Global Sourcing Platform that provides greater spend efficiency while reducing costs. MEREDIAM streamlines all aspects of the sourcing process.
Multiple modules can be plugged into the MEREDIAM platform based on requirements. This makes rapid implementation with high scalability.
