Vendor Audit and Compliance | HCL Technologies

Bootstrap Fixed Navigation

Vendor Audit and Compliance

Overview

A sturdy and well-controlled supply chain is necessary to ensure that all consumer segments are served and service and product quality do not suffer, especially for retailers. The supply chain can be managed effectively by making sure that quality checks and compliance processes are in place. A large number of retailers overlook that a functional vendor compliance program in any organization can aid in pinpointing and removing vendors that are underperforming.

Vendor Audit and Compliance (VACE) can assist retailers in making note of exceptions, reporting failures to business partners, and improving the productivity of the supply chain. HCL VACE is an end-to-end vendor compliance engine that includes features and qualities missing in most well-known ERP systems. VACE allows retailers to obtain a better picture of how their vendors are performing vis-à-vis supply guidelines and enables the retailers to gauge vendor performance and penalize those that are creating impediments in the supply chain. The vendor compliance engine can also act as a single source of truth for all compliance-related data.

VACE helps retailers in:

Decision-making: VACE amalgamates the data on vendor performance with the retailer’s decision-making.
Penalizing vendors: VACE calculates the charge-backs on violations by vendors and sends them to the finance and control (FI) systems.
Partner performance management: VACE-generated reports and insights can help retailers approach vendors for process and operations enhancement. This helps in improving the supply chain performance.
Transparency in operations: Charge-back reports can be sent to vendors in order to improve transparency.
Collaboration: Vendors can be notified of charge-backs and other deductions in a more proactive manner.

Solutions

BlinkE-On Demand Ecommerce

Enhance your digital business in cost effective and agile manner using our BlinkE architecture

Retail Connect

Mobility solutions that incorporate latest technological trends such as NFC, coupons/payment, geo-fencing alerts, etc.

Integrated Retail Planning

Integrated Retail Planning framework helps align your supply chain and merchandize plan with long term business strategies

MyStore Dashboard

The real-time IT and business monitoring solution which helps you obtain actionable insights

Mappin

Mappin is a browser based tool that helps smoother onboarding of trading partner

Food Safety and Traceability

Our Track and Trace solution helps in ensuring compliance with food safety regulations with complete visibility of supply chain.

Retail Enterprise Collaboration

Enhance the quality of communication, the speed of collaboration and employee engagement.

Portfolio Optimisation

Make informed decisions by analyzing your competencies and gaining insights across the IT landscape and business value chain.

OCEAN

Analyze your existing business process and identify the areas of improvement.

Client Success

CASE STUDIES

Explore more

Insights & News

blogs

white papers

INSIGHTS

Explore more
Serviceline Inner Thought Leadership Header:
INSIGHTS