Vendor Management
Optimized procurement has a direct impact on the financial performance of a firm
Vendor Cycle Management
Optimized procurement has a direct impact on the financial performance of a firm
Purchase Planning
Aiming for a just in time inventory management. Seeking answers to
- What to Order?
- How much to order?
- When to order?
- How much to budget?
Vendor Management Strategy
Manage sufficiency and quality of vendors to ensure fair price, quality and on-time delivery.
- Maximize lifetime utility from vendors
- Maintain sufficiency of vendors
- Ensure maximum engagement for vendor
- Optimize vendor performance
Vendor Selection Support
Ensuring fair selection process, uniform vendor evaluation and fact-based negotiation.
- Scorecard based vendor short-listing
- Analytics based vendor evaluation
- Historical and market data-based negotiation process
CIBC has launched a couple of powerful machine learning and analytics-based tools to support Vendor Management Strategy and Vendor Selection
CIBC Vendor Manager
An analytics-based visualization tool to manage your vendor portfolio