Best Practices in SLM
Do your current SLM business processes represent Best Practices?
Are you confident that your current approach to solving business problems for supplier risk, compliance, performance and information management represent industry best practices? Just because “we’ve always done it that way” doesn’t ensure that you are recognizing best-in-class business benefits from your current processes. Sometimes the answer is not to incrementally improve what you have, but to learn from others and implement something new. Best practices are just that. The combined knowledge and experience of industry leaders who have relentlessly weeded out the non-value-added steps, who have found the most effective, repeatable path to success, and who have achieved the highest returns as a result.
As the industry leader, Aravo has defined best practices for SLM. By solving complex supplier management problems for the world’s largest companies, Aravo has amassed a formidable inventory of:
- Best practice business processes
Our professionals understand the risk, compliance, performance and supplier information management challenges across the enterprise. From FCPA to conflict minerals to diversity to potential supply chain disruptions and available mitigation strategies, Aravo has been there and done that. We address each customer’s objectives from a best practice approach, helping them to improve their internal business processes by emulating the most successful businesses in their industry. And Aravo’s best practice methodology ensures customers achieve the fastest time to value at the lowest cost.
Aravo can help
Aravo has helped many Global 2000 companies across industries implement best practices as part of their SLM solution implementation using our SIMpl methodology.
Aravo Best Practice Framework
For more information, please click on one of the choices in the Learn More box to the right.
"One of the most impressive benefits from this project is that the data flow and the supplier ownership process are inclusive of all BU stakeholders. My commodity experts from both within BU Sourcing & Procurement and outside are now able to evaluate and manage supplier data."
Richard Stack, Director of Sourcing & Procurement, Boston University