Construction companies are relying on increasingly complex supply chains, which puts pressure on operational teams to prequalify vendors, manage HSEQ compliance, social impacts and performance across multiple projects. Some common risks include:
Geographically dispersed teams are caught up in inefficient or non-transparent sourcing processes. Meanwhile, time sensitive requirements often result in shortcuts when it comes to compliance.
Increase the vendor onboarding process efficiency while improving collaboration and visibility:
Access a single source of truth for all vendor data. This allows organisations to have greater oversight of their supply chain to inform better and quicker decision making whilst driving internal collaboration.
Quickly and easily segment your supply chain via location, tag (e.g. Local and Indigenous content, Social Enterprise, Modern Slavery etc.), performance score and panel.
Capture negotiated rates in standardised formats from the moment vendors are onboarded, giving you the best chance of realising the savings while ensuring compliance.
Your team can then leverage these negotiated rates with rapid sourcing - a feature built specifically for low value (under threshold), high frequency transactions, e.g. traffic management, labour hire, plant hire.