MeRLIN can help you mitigate supplier risks mainly by ensuring the procurement organization is able to analyze, automate and streamline various aspects of Supplier Relationship Management.
• Supplier Diversification – Do detailed supplier spend analysis at individual as well as group level and ensure that no single supplier/supplier group has a dominance in your supply chain. You can also analyze your suppliers by region, country, etc to diversify your supply base or identify alternate sources in case of disruptions.
• Supplier Onboarding – Significantly speed up supplier registration and onboarding by enabling self-registration and document upload and verification. MeRLIN allows you to configure business rules to check supplier mandatory documentation or compliance documentation requirements by region.
• Supplier Management and Collaboration – The supplier management solutions in MeRLIN enable you to monitor supplier performance and collaborate effectively with them to build better partnerships.
• Supplier Audits and Assessments – Complete audits faster and expedite compliance-related activities. The automated compliance verifications avoid manual errors. Additionally, easily check how much sourcing is being done with non-preferred suppliers or low-rated suppliers.
