Current Situation
Organizations monitor suppliers with point-in-time historical performance information. This is an inefficient, time consuming process requiring that disparate data sources be manually integrated and viewed.
Goals and Objectives
Monitoring suppliers in real time on a continuous basis using internal and external data will eliminate the need for manual historical information views.
Technology Deployed
Enterprise hardware, personal devices, cloud, big data/analytics, mobile, applications, connectivity services, cognitive, and next-generation security
Use Case Summary
Real-time digital dashboards and metrics that take into account internal and external data feeds allow the business to see all performance KPIs for suppliers, helping the enterprise understand their supply base. It also allows the business to start to project future performance, enabling improved supplier relationships and supplier source selection.