VRM has playbook function?
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08-22-2023 07:10 PM
I was researching about Suppplier Lifecycle Management and found this description about Supplier Onboarding like attatchment. I wonder VRM has playbook function originally? I don't understand below sentence. What does this mean?
「For customers already using Vendor Risk Management, those playbooks will automatically integrate with Supplier Lifecycle Operations.」
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09-12-2023 08:55 PM
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09-11-2023 08:36 AM
Hi My reading of it is as follows:
Vendor Risk Management: There are some Play Books, that is the step by step guides that enable you to onboard a vendor to the system to enable you carry out the functionality on each vendor (check compliance, risk of non compliance, etc.) If you now intend to start using Supplier Life Cycle Operations, you can extend those play books for use in this function. I think this is a good idea as it saves reinventing the wheel,
