Supplier Information Management involves the collection & organization of crucial data essential for businesses. In business, information management is important for a wide variety of reasons.

Perhaps the most important of all the reasons that are out there is the fact that information management keeps information organized and distributed in an efficient manner to employers and employees alike.

“Information management” is an umbrella term that encompasses all the systems and processes within an organization for the creation and use of corporate information. Information management therefore encompasses people, process, technology & content.

The purpose of this whitepaper is very much in line with the quote. The focus here is to put forward the key role of Supplier Information Management System in the procurement domain.