To meet regulatory guidelines, companies making use of outside suppliers' products or services can only utilize those products and services that have been qualified and approved for use. Electronic supplier management tools can help companies doing business in regulatory environments manage vendors and their products and services more effectively.
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If a company wants to maintain compliance in a regulatory environment, it must be able to accurately track suppliers on an approved vendor list (AVL). The AVL must be continually managed and monitored, a process that becomes increasingly more complex as manufacturing processes and product designs are modified over time. A proven software solution can give manufacturing companies the ability to efficiently manage and approve AVLs and effectively track supplier quality and supplier statuses.
If your organization is in the market for an effective set of automated supplier management tools, here's a brief list of some of the helpful features you should look for:
Expert supplier management can be mastered when you use a powerful set of professional supplier management tools like MasterControl Supplierâ„¢. Users from all departments throughout an enterprise - quality professionals, executives, managers, and IT personnel alikeâ€”can use MasterControl to take the reins of their supplier management program.
MasterControl gives all employees a user-friendly interface for accessing all documentation and records related to every supplier and their associated goods and services. The solution also gives users the ability to share supplier qualification data with others in geographically disparate regions, which can eliminate costly duplicated efforts and speed up a product's time to market. Ultimately, MasterControl's supplier management tools help reduce the resources otherwise wasted on purchasing out-of-spec or faulty products from unapproved suppliers.
The system's unique "Supplier View" feature displays a Supplier Status field for each supplier, which indicates if a particular vendor is approved or not. All supplier status and crucial quality information - such as approval status, contact information, recent audits, non-conforming material reports, contracts, approved goods/services lists, supplier ratings, links to analytics reports, and moreâ€”is contained in an easily accessible, web-based location. MasterControl's user-friendly interface simplifies the process of adding or changing data relating to suppliers, parts, or services. Additionally, the goods/services links contained within the system operate bi-directionally, allowing users to automatically check approval statuses and review detail information.
Because it is a web-based platform, MasterControl allows all parties involved in supplier management to stay connected from anywhere in the world, at their convenience. MasterControl supplier management tools also seamlessly integrate with other useful MasterControl quality management solutions and ensure that upgrades are fast, easy, and cost efficient.
For more information on supplier management tools or to find out how MasterControl can help your company achieve its supplier management goals, contact a MasterControl representative or let a MasterControl representative assist you by calling 800-825-9117.