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Supplier Management System

oboloo Glossary

Supplier Management System

Supplier Management System Definition

A supplier management system (SMS) is a software application that helps businesses track and manage supplier information. This type of system typically includes features for tracking supplier contact information, performance data, and contract information. SMSs can also help businesses automate supplier onboarding and performance reviews. Some SMSs include tools for managing supplier risk, such as alerts for changes in supplier financial health or compliance status.

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