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Supplier Lifecycle Management

Move from reactive, manual, Excel-driven supplier management to proactive, automated, and data-driven lifecycle control with Prospeum.

Take a Tour

Take a Tour

The image displays a set of three horizontal cards, each featuring a unique logo and a status label with color coding indicating "Preferred Supplier" in green, "Approved Supplier" in blue, and "Critical" in red.

Before Prospeum

Before Prospeum

Before Prospeum

High manual effort to manage supplier states

Mostly spreadsheet based approach

Reactive and delayed lifecycle management

After Prospeum

After Prospeum

After Prospeum

Proactive and automated supplier lifecycle management

Fully data-driven process

Automated follow-up actions in case of lifecycle changes

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"

Before Prospeum, managing our supplier lifecycle was a manual, reactive process with status updates but no real follow-up actions. Now, with automated workflows and triggered actions, we proactively manage compliance, collect necessary data on time, and ensure suppliers meet our evolving requirements—saving time and reducing risks.

Before Prospeum, managing our supplier lifecycle was a manual, reactive process with status updates but no real follow-up actions. Now, with automated workflows and triggered actions, we proactively manage compliance, collect necessary data on time, and ensure suppliers meet our evolving requirements—saving time and reducing risks.

Profile Picture Sascha A

Sascha Andreesen

Chapter Lead

qbeyond Logo

"

Before Prospeum, managing our supplier lifecycle was a manual, reactive process with status updates but no real follow-up actions. Now, with automated workflows and triggered actions, we proactively manage compliance, collect necessary data on time, and ensure suppliers meet our evolving requirements—saving time and reducing risks.

Profile Picture Sascha A

Sascha Andreesen

Chapter Lead

A digital dashboard displays notifications indicating expired contracts, required supplier performance checks, soon-to-expire mandatory certificates, and missing sustainability reports, alongside a rating system with four gold stars.

Data driven and unbiased

Data driven and unbiased

Prospeum utilizes all available supplier data to initiate status changes, follow-up actions and interventions—enabling smarter decision-making and proactive supplier management.

Explore in Detail

Customizable Lifecycle Workflows

Customizable Lifecycle Workflows

Design tailored supplier workflows that automate status updates, trigger required actions, and ensure compliance—streamlining lifecycle management without manual intervention.

Explore in Detail

Actions instead of labels

Actions instead of labels

Move beyond simple status updates with Prospeum’s automated follow-up actions. Ensure timely responses, trigger compliance tasks, and proactively manage supplier risks for a more dynamic procurement strategy.

Explore in Detail

Data driven and unbiased

Prospeum utilizes all available supplier data to initiate status changes, follow-up actions and interventions—enabling smarter decision-making and proactive supplier management.

A digital dashboard displays notifications indicating expired contracts, required supplier performance checks, soon-to-expire mandatory certificates, and missing sustainability reports, alongside a rating system with four gold stars.
A digital dashboard displays notifications indicating expired contracts, required supplier performance checks, soon-to-expire mandatory certificates, and missing sustainability reports, alongside a rating system with four gold stars.

Explore in Detail

Customizable Lifecycle Workflows

Design tailored supplier workflows that automate status updates, trigger required actions, and ensure compliance—streamlining lifecycle management without manual intervention.

A supplier lifecycle screen displaying a workflow diagram with colorful tabs labeled "Internal," "Onboarding," and "Active," connected by arrows, indicating process stages or status tracking.
A supplier lifecycle screen displaying a workflow diagram with colorful tabs labeled "Internal," "Onboarding," and "Active," connected by arrows, indicating process stages or status tracking.

Explore in Detail

Actions instead of labels

Move beyond simple status updates with Prospeum’s automated follow-up actions. Ensure timely responses, trigger compliance tasks, and proactively manage supplier risks for a more dynamic procurement strategy.

Flowchart illustrating the process of addressing supplier performance, including stages of evaluation score below 80%, assigning a state of 'poor performance,' and conducting a supplier quality audit, with icons representing deletion and editing options.
Flowchart illustrating the process of addressing supplier performance, including stages of evaluation score below 80%, assigning a state of 'poor performance,' and conducting a supplier quality audit, with icons representing deletion and editing options.

Explore in Detail

Frequently asked questions

Frequently asked questions

What is supplier lifecycle management?

What are typical phases in the supplier lifecycle?

Why is data important for the supplier lifecycle?

What are the benefits of using Prospeum for the supplier lifecycle?

Can Prospeum integrate with my ERP System to provide data?

Ready to build your team's dream SRM?

Experience the power of data-driven decision-making with lean and easy-to-use workflows today.

Book a Demo

Image visualizing a supplier overview list in Prospeum

Ready to build your team's dream SRM?

Experience the power of data-driven decision-making with lean and easy-to-use workflows today.

Book a Demo

Image visualizing a supplier overview list in Prospeum

Ready to build your team's dream SRM?

Experience the power of data-driven decision-making with lean and easy-to-use workflows today.

Book a Demo

Image visualizing a supplier overview list in Prospeum

Ready to build your team's dream SRM?

Experience the power of data-driven decision-making with lean and easy-to-use workflows today.

Book a Demo

Image visualizing a supplier overview list in Prospeum