Supplier Relationship Management

Lascom – The Supplier Relationship Management Solution

With its PLM software, Lascom allows companies to quickly implement an efficient SRM approach. The solution offers smooth and effective processes and workflows to better manage supplier collaboration. Collaboration means developing, sharing and updating new and existing product information through a coherent and structured process. Every participant involved is able to find the right information at the right time.

A web-based supplier portal provides central access and control of all relevant information, such as supplier’s specifications, proposals, etc. Using this fast and secure portal, suppliers can directly input their products’ specifications. It enforces each stakeholder’s accountability. For instance, suppliers and partners are responsible to populate data, like the raw material specifications and packaging information, and to maintain their accuracy. They are also responsible in updating key information such as certificates renewal. Once this information is captured, the supplier portal helps businesses pinpoint delays on updates and missing information. It is a faster way to screen, select suppliers and shorten your cross-departmental approval.

Lascom Product Lifecycle Management (PLM) software includes workflows and processes features which streamline any communication between a company and its suppliers. By implementing a solution that focuses on opening up innovation processes, setting up structured business processes and increasing collaboration with suppliers, the company can consolidate information and easily manage its product portfolio.

It is important to note that Lascom software enhances collaboration while protecting proprietary information.

Supplier Relationship Management Key Features