How does Infor M3 support strategic sourcing?

Infor M3 supports strategic sourcing primarily through tools that facilitate supplier evaluation and opportunity assessment. This focus on supplier metrics is essential for organizations looking to optimize their procurement processes. By providing robust analytics and data on supplier performance, Infor M3 allows businesses to assess potential suppliers based on a variety of criteria such as quality, reliability, and cost-effectiveness. This capability helps organizations make informed decisions during the sourcing process, enabling them to select the right suppliers that align with their strategic goals.

Supplier evaluation tools also allow for a closer examination of current suppliers, ensuring that ongoing relationships are beneficial and competitive. Opportunity assessment features help identify areas where sourcing can be improved or where new suppliers may offer opportunities for cost savings or enhanced services. Overall, these capabilities empower organizations to build a strong and reliable supply chain, which is a fundamental component of strategic sourcing.