Supplier Information Management Software (SIMS) is software specifically designed to streamline the procurement process. It simplifies the task of collecting, tracking and analyzing data from suppliers, allowing organizations to both better manage risk and enhance relationships with their suppliers. The software helps buyers to make more informed decisions about which suppliers to use for each specific procurement initiative. SIMS also has powerful collaboration and communication tools that facilitate efficient and cost-effective inter-supplier transactions. With SIMS, buyers can have greater insight into who is supplying them, giving them peace of mind that their procurement initiatives are done with the most reliable and cost-effective partners.