SAP SLC, a module for supplier lifecycle management, is designed to help companies with all processes and operations related to their engagement with suppliers. It not just provides all the necessary tools for efficient management but also ensures great transparency into the processes that contribute to the establishment of trusting and fruitful relationships.
With SAP Supplier Lifecycle Management, companies get the opportunity to organize their interactions with suppliers in the most efficient manner, taking advantage of various tools offered by the solution, from those for supplier registration, qualification, and classification to supplier activity and data management.
Addressing both selling and buying procedures, SAP SLC covers the following two-sided processes:
The buy-side is also provided with tools for supplier classification, supplier evaluation, and supplier activity management — all aimed at providing valuable insights into supplier details and contributing to smart decision making.
The implementation of SAP SLC will provide your business with the following benefits:
Fruitful relationships with purchasing companies
After a registration process, you create permanent users for your company’s employees.
Accurate operations that eliminate additional spendings
It does not matter if it’s a merge or relocation, SAP SCL ensures accurate data maintenance, which is monitored by the purchasing company to eliminate possibilities for incorrections.
Determination of sustainable business partners
Evaluation of overall scores, both strengths and weaknesses, allows ensuring that the chosen company complies with the defined standards and requirements.
Access to supplier master records
Up-to-date information in the supplier’s portfolio opens up space for faster and more accurate operations, satisfying relationships, and enhanced productivity.
Smarter strategic decisions and actions
By classifying suppliers, you ensure that the information about strategically important and critical to your business connections is always at hand.
Meaningful business relationships
With a tool for supplier evaluation, you create a real picture of your suppliers’ strengths and shortcomings and initiate measures for the improvement of your business relationships.
Effective workload management
Having functions for activity management, SAP SLC ensures your ability to effectively manage the workload and ensure efficient collaboration between your employees.
Ensure your access to meaningful supplier data to build stronger and more fruitful relationships, increase the efficiency of buying and selling operations, achieve greater transparency, unleash the power of effective workload management, and enjoy money savings with the SAP Supplier Lifecycle Management solution.
LeverX knows how to get the most out of your SAP SLC solution. Having vast expertise with a variety of SAP products, our experts will smoothly integrate the solution into your company’s business processes, customize it for a better fit, as well as offer consultation and implementation services for the complementing SAP products.